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SMM

Salient Midstream & MLP Fund
SMM

Delisted

SMM was delisted on the 8th of September, 2022.

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15 hedge funds and large institutions have $28M invested in Salient Midstream & MLP Fund in 2013 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 1 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

800% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 1

200% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 1

39% more capital invested

Capital invested by funds: $20.2M → $28M (+$7.78M)

15% more funds holding

Funds holding: 13 → 15 (+2)

Holders
15
Holders Change
+2
Holders Change %
+15.38%
% of All Funds
0.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
9
Reduced
1
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$1.77M
2
Invesco
Invesco
Georgia
+$1.6M
3
AAM
Advisors Asset Management
Colorado
+$1.39M
4
Bank of America
Bank of America
North Carolina
+$485K
5
Wells Fargo
Wells Fargo
California
+$54.1K

Top Sellers

Rank Fund Capital Flow
1
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$22K
2
Citigroup
Citigroup
New York
-$14K
Name Holding Trade Value Shares
Change 		Change in
Stake
AAM
1
Advisors Asset Management
Colorado
$11.6M +$1.39M +61,655 +14%
GC
2
Guggenheim Capital
Illinois
$5.45M +$1.77M +78,599 +52%
Bank of America
3
Bank of America
North Carolina
$4.42M +$485K +21,529 +13%
Invesco
4
Invesco
Georgia
$3.58M +$1.6M +70,978 +89%
SCA
5
Salient Capital Advisors
Texas
$879K – – –
RCM
6
Robinson Capital Management
Michigan
$649K +$631K +28,000 New
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$571K +$45.3K +2,010 +9%
Morgan Stanley
8
Morgan Stanley
New York
$524K +$26.5K +1,175 +6%
U
9
UBS
Switzerland
$152K +$24.5K +1,087 +20%
Wells Fargo
10
Wells Fargo
California
$102K +$54.1K +2,401 +126%
JIC
11
Joel Isaacson & Co
New York
$47K – – –
Barclays
12
Barclays
United Kingdom
$18K +$9.15K +406 +123%
Citigroup
13
Citigroup
New York
$10K -$14K -623 -59%
WAM
14
Wolverine Asset Management
Illinois
$9K +$8.92K +396 New
TRCT
15
Tower Research Capital (TRC)
New York
$1K +$901 +40 New
Bank of Montreal
16
Bank of Montreal
Ontario, Canada
– -$22K -1,000 Closed

SMM Hedge Fund Activity: Q4 2013 in Review

15 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q4 2013, worth a combined $28M — up 39% from $20.2M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new SMM positions and 1 closed out — a net gain of 2 holders — while 9 added to existing stakes and 1 trimmed.

The largest buyer was Guggenheim Capital, adding an estimated $1.77M. The largest seller was Bank of Montreal, exiting entirely with an estimated $22K sold.

  • 15 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q4 2013, up from 13 in Q3 2013.
  • Funds reported $28M of Salient Midstream & MLP Fund stock for Q4 2013, up 39% quarter-over-quarter.
  • 3 funds opened new Salient Midstream & MLP Fund positions in Q4 2013 and 1 closed out, a net change of +2 holders.
  • The largest Salient Midstream & MLP Fund buyer in Q4 2013 was Guggenheim Capital, an estimated $1.77M added.
  • The largest Salient Midstream & MLP Fund seller in Q4 2013 was Bank of Montreal, an estimated $22K sold.

Based on aggregated 13F filings for Q4 2013.