Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
32 hedge funds and large institutions have $110M invested in Salient Midstream & MLP Fund in 2015 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 6 reducing their positions, and 5 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 6
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
14% more funds holding
Funds holding: 28 → 32 (+4)
1% less capital invested
Capital invested by funds: $111M → $110M (-$1.31M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$4.84M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.72M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.46M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$651K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$324K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$3.37M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$728K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$603K |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$364K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$218K |
SMM Hedge Fund Activity: Q1 2015 in Review
32 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q1 2015, worth a combined $110M — down 1.2% from $111M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new SMM positions and 5 closed out — a net gain of 4 holders — while 15 added to existing stakes and 6 trimmed.
The largest buyer was UBS Group, adding an estimated $4.84M. The largest seller was Advisors Asset Management, cutting an estimated $3.37M.
- 32 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q1 2015, up from 28 in Q4 2014.
- Funds reported $110M of Salient Midstream & MLP Fund stock for Q1 2015, down 1.2% quarter-over-quarter.
- 9 funds opened new Salient Midstream & MLP Fund positions in Q1 2015 and 5 closed out, a net change of +4 holders.
- The largest Salient Midstream & MLP Fund buyer in Q1 2015 was UBS Group, an estimated $4.84M added.
- The largest Salient Midstream & MLP Fund seller in Q1 2015 was Advisors Asset Management, an estimated $3.37M sold.
Based on aggregated 13F filings for Q1 2015.