Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
32 hedge funds and large institutions have $49.1M invested in Salient Midstream & MLP Fund in 2015 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
14% more funds holding
Funds holding: 28 → 32 (+4)
35% less capital invested
Capital invested by funds: $75.4M → $49.1M (-$26.3M)
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
+$5.2M |
| 2 |
Morgan Stanley
New York
|
+$1.11M |
| 3 |
SG Americas Securities
New York
|
+$953K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$826K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$566K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$4.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.07M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$1.19M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$958K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$826K |
SMM Hedge Fund Activity: Q4 2015 in Review
32 of the 3,813 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q4 2015, worth a combined $49.1M — down 35% from $75.4M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new SMM positions and 5 closed out — a net gain of 5 holders — while 7 added to existing stakes and 11 trimmed.
The largest buyer was Segall Bryant & Hamill, opening a new position worth an estimated $5.2M. The largest seller was UBS Group, cutting an estimated $4.1M.
- 32 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q4 2015, up from 28 in Q3 2015.
- Funds reported $49.1M of Salient Midstream & MLP Fund stock for Q4 2015, down 35% quarter-over-quarter.
- 10 funds opened new Salient Midstream & MLP Fund positions in Q4 2015 and 5 closed out, a net change of +5 holders.
- The largest Salient Midstream & MLP Fund buyer in Q4 2015 was Segall Bryant & Hamill, an estimated $5.2M added.
- The largest Salient Midstream & MLP Fund seller in Q4 2015 was UBS Group, an estimated $4.1M sold.
Based on aggregated 13F filings for Q4 2015.