Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
14 hedge funds and large institutions have $36.7M invested in Salient Midstream & MLP Fund in 2014 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 7 increasing their positions, 3 reducing their positions, and 2 closing their positions.
133% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 3
31% more capital invested
Capital invested by funds: $28M → $36.7M (+$8.68M)
3.48% more ownership
Funds ownership: 12.43% → 15.92% (+3.5%)
7% less funds holding
Funds holding: 15 → 14 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$5.86M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.58M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$822K |
| 4 |
Morgan Stanley
New York
|
+$246K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$132K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$649K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$187K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$63K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$9K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$241 |
SMM Hedge Fund Activity: Q1 2014 in Review
14 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q1 2014, worth a combined $36.7M — up 31% from $28M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of SMM and 1 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 7 added.
The largest buyer was Advisors Asset Management, adding an estimated $5.86M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $649K sold.
- 14 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q1 2014, down from 15 in Q4 2013.
- Funds reported $36.7M of Salient Midstream & MLP Fund stock for Q1 2014, up 31% quarter-over-quarter.
- 1 fund opened new Salient Midstream & MLP Fund positions in Q1 2014 and 2 closed out, a net change of -1 holder.
- The largest Salient Midstream & MLP Fund buyer in Q1 2014 was Advisors Asset Management, an estimated $5.86M added.
- The largest Salient Midstream & MLP Fund seller in Q1 2014 was Robinson Capital Management, an estimated $649K sold.
Based on aggregated 13F filings for Q1 2014.