Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
28 hedge funds and large institutions have $75.4M invested in Salient Midstream & MLP Fund in 2015 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 14 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
20% less funds holding
Funds holding: 35 → 28 (-7)
32% less capital invested
Capital invested by funds: $112M → $75.4M (-$36.1M)
50% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWA
Constellation Wealth Advisors
New York
|
+$5.69M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.7M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.51M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.83M |
| 5 |
Morgan Stanley
New York
|
+$1.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$10M |
| 2 |
Lazard Asset Management
New York
|
-$2.97M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$2.29M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.95M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.25M |
SMM Hedge Fund Activity: Q3 2015 in Review
28 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q3 2015, worth a combined $75.4M — down 32% from $112M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of SMM and 7 opened new positions — a net loss of 7 holders — while 8 trimmed existing stakes and 9 added.
The largest buyer was Constellation Wealth Advisors, opening a new position worth an estimated $5.69M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $10M sold.
- 28 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q3 2015, down from 35 in Q2 2015.
- Funds reported $75.4M of Salient Midstream & MLP Fund stock for Q3 2015, down 32% quarter-over-quarter.
- 7 funds opened new Salient Midstream & MLP Fund positions in Q3 2015 and 14 closed out, a net change of -7 holders.
- The largest Salient Midstream & MLP Fund buyer in Q3 2015 was Constellation Wealth Advisors, an estimated $5.69M added.
- The largest Salient Midstream & MLP Fund seller in Q3 2015 was Karpus Investment Management, an estimated $10M sold.
Based on aggregated 13F filings for Q3 2015.