Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
35 hedge funds and large institutions have $70M invested in Salient Midstream & MLP Fund in 2016 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 6 closing their positions.
18% more capital invested
Capital invested by funds: $59.3M → $70M (+$10.7M)
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
0% more funds holding
Funds holding: 35 → 35 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$3.44M |
| 2 |
Morgan Stanley
New York
|
+$2.67M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.24M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$488K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$247K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$511K |
| 2 |
CCM
Coe Capital Management
Highland Park,
Illinois
|
-$365K |
| 3 |
Citigroup
New York
|
-$360K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$343K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$338K |
SMM Hedge Fund Activity: Q4 2016 in Review
35 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q4 2016, worth a combined $70M — up 18% from $59.3M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SMM positions and 6 closed out — a net gain of 1 holder — while 12 added to existing stakes and 11 trimmed.
The largest buyer was UBS Group, adding an estimated $3.44M. The largest seller was Matisse Capital, exiting entirely with an estimated $511K sold.
- 35 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q4 2016, unchanged from Q3 2016.
- Funds reported $70M of Salient Midstream & MLP Fund stock for Q4 2016, up 18% quarter-over-quarter.
- 7 funds opened new Salient Midstream & MLP Fund positions in Q4 2016 and 6 closed out, a net change of +1 holder.
- The largest Salient Midstream & MLP Fund buyer in Q4 2016 was UBS Group, an estimated $3.44M added.
- The largest Salient Midstream & MLP Fund seller in Q4 2016 was Matisse Capital, an estimated $511K sold.
Based on aggregated 13F filings for Q4 2016.