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SMM

Salient Midstream & MLP Fund
SMM

Delisted

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

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28 hedge funds and large institutions have $111M invested in Salient Midstream & MLP Fund in 2014 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 10 increasing their positions, 0 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 7

53% more capital invested

Capital invested by funds: $72.6M → $111M (+$38.7M)

27% more funds holding

Funds holding: 22 → 28 (+6)

Holders
28
Holders Change
+6
Holders Change %
+27.27%
% of All Funds
0.75%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
10
Reduced
–
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$21.8M
2
AAM
Advisors Asset Management
Colorado
+$12.2M
3
Invesco
Invesco
Georgia
+$5.97M
4
TJHA
Thomas J. Herzfeld Advisors
Florida
+$2.46M
5
Wells Fargo
Wells Fargo
California
+$1.74M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$4.29M
2
TC
TFS Capital
Pennsylvania
-$661K
3
LTFS
Ladenburg Thalmann Financial Services
Florida
-$30K
4
WAM
Wolverine Asset Management
Illinois
-$24K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$22K
Name Holding Trade Value Shares
Change 		Change in
Stake
AAM
1
Advisors Asset Management
Colorado
$35.3M +$12.2M +476,601 +48%
GC
2
Guggenheim Capital
Illinois
$32.6M +$21.8M +850,866 +167%
Invesco
3
Invesco
Georgia
$15M +$5.97M +232,744 +59%
UBS Group
4
UBS Group
Switzerland
$6.66M +$7.12M +277,580 New
Bank of America
5
Bank of America
North Carolina
$4.78M +$263K +10,272 +5%
TJHA
6
Thomas J. Herzfeld Advisors
Florida
$3.16M +$2.46M +95,892 +260%
Morgan Stanley
7
Morgan Stanley
New York
$3.03M +$1.6M +62,503 +98%
BTS
8
BB&T Securities
Virginia
$2.45M +$262K +10,210 New
Wells Fargo
9
Wells Fargo
California
$1.89M +$1.74M +68,052 +626%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$1.28M +$808K +31,538 +144%
Stifel Financial
11
Stifel Financial
Missouri
$1.25M +$1.33M +51,908 New
DC
12
Davenport & Co
Virginia
$778K +$831K +32,429 New
RJA
13
Raymond James & Associates
Florida
$615K +$657K +25,637 New
BNP Paribas Financial Markets
14
BNP Paribas Financial Markets
France
$364K +$256K +10,000 +194%
B
15
Baird
Wisconsin
$350K +$375K +14,612 New
OC
16
Oppenheimer & Co
New York
$318K +$340K +13,262 New
WS
17
Wedbush Securities
California
$271K +$290K +11,311 New
SCA
18
Salient Capital Advisors
Texas
$264K – – –
LPL Financial
19
LPL Financial
California
$248K +$266K +10,358 New
AW
20
ACG Wealth
Georgia
$217K +$232K +9,059 New
BRWM
21
B. Riley Wealth Management
Tennessee
$215K +$97.6K +3,806 +73%
Deutsche Bank
22
Deutsche Bank
Germany
$99K – – –
JIC
23
Joel Isaacson & Co
New York
$48K – – –
Bank of Montreal
24
Bank of Montreal
Ontario, Canada
$21K +$22K +858 New
Creative Planning
25
Creative Planning
Kansas
$14K +$14.7K +572 New
1
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SMM Hedge Fund Activity: Q4 2014 in Review

28 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q4 2014, worth a combined $111M — up 53% from $72.6M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new SMM positions and 7 closed out — a net gain of 7 holders — while 10 added to existing stakes and 0 trimmed.

The largest buyer was Guggenheim Capital, adding an estimated $21.8M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $4.29M sold.

  • 28 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q4 2014, up from 22 in Q3 2014.
  • Funds reported $111M of Salient Midstream & MLP Fund stock for Q4 2014, up 53% quarter-over-quarter.
  • 14 funds opened new Salient Midstream & MLP Fund positions in Q4 2014 and 7 closed out, a net change of +7 holders.
  • The largest Salient Midstream & MLP Fund buyer in Q4 2014 was Guggenheim Capital, an estimated $21.8M added.
  • The largest Salient Midstream & MLP Fund seller in Q4 2014 was Sit Investment Associates, an estimated $4.29M sold.

Based on aggregated 13F filings for Q4 2014.