Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
22 hedge funds and large institutions have $72.6M invested in Salient Midstream & MLP Fund in 2014 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 1 reducing their positions, and 1 closing their positions.
900% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 1
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
38% more funds holding
Funds holding: 16 → 22 (+6)
26% more capital invested
Capital invested by funds: $57.4M → $72.6M (+$15.2M)
5.77% more ownership
Funds ownership: 20.42% → 26.2% (+5.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.31M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$3.83M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$3.11M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.85M |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$994K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$780K |
| 2 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$119K |
SMM Hedge Fund Activity: Q3 2014 in Review
22 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q3 2014, worth a combined $72.6M — up 26% from $57.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SMM positions and 1 closed out — a net gain of 6 holders — while 10 added to existing stakes and 1 trimmed.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $4.31M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $780K sold.
- 22 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q3 2014, up from 16 in Q2 2014.
- Funds reported $72.6M of Salient Midstream & MLP Fund stock for Q3 2014, up 26% quarter-over-quarter.
- 7 funds opened new Salient Midstream & MLP Fund positions in Q3 2014 and 1 closed out, a net change of +6 holders.
- The largest Salient Midstream & MLP Fund buyer in Q3 2014 was Sit Investment Associates, an estimated $4.31M added.
- The largest Salient Midstream & MLP Fund seller in Q3 2014 was Rivernorth Capital Management, an estimated $780K sold.
Based on aggregated 13F filings for Q3 2014.