Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
35 hedge funds and large institutions have $112M invested in Salient Midstream & MLP Fund in 2015 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 9 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
67% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 9
9% more funds holding
Funds holding: 32 → 35 (+3)
1% more capital invested
Capital invested by funds: $110M → $112M (+$1.53M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.5M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$3.51M |
| 3 |
Lazard Asset Management
New York
|
+$3.24M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.36M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$817K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$3.57M |
| 2 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$2.24M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$2.11M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.45M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$315K |
SMM Hedge Fund Activity: Q2 2015 in Review
35 of the 3,713 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q2 2015, worth a combined $112M — up 1.4% from $110M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new SMM positions and 4 closed out — a net gain of 4 holders — while 15 added to existing stakes and 9 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $7.5M. The largest seller was Advisors Asset Management, cutting an estimated $3.57M.
- 35 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q2 2015, up from 32 in Q1 2015.
- Funds reported $112M of Salient Midstream & MLP Fund stock for Q2 2015, up 1.4% quarter-over-quarter.
- 8 funds opened new Salient Midstream & MLP Fund positions in Q2 2015 and 4 closed out, a net change of +4 holders.
- The largest Salient Midstream & MLP Fund buyer in Q2 2015 was Karpus Investment Management, an estimated $7.5M added.
- The largest Salient Midstream & MLP Fund seller in Q2 2015 was Advisors Asset Management, an estimated $3.57M sold.
Based on aggregated 13F filings for Q2 2015.