Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
36 hedge funds and large institutions have $63.8M invested in Salient Midstream & MLP Fund in 2017 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
71% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 7
9% more funds holding
Funds holding: 33 → 36 (+3)
2% less capital invested
Capital invested by funds: $65M → $63.8M (-$1.19M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Advisory Alpha
Holland,
Michigan
|
+$1.95M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.53M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$970K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$879K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$395K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$2.63M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.43M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.2M |
| 4 |
Morgan Stanley
New York
|
-$820K |
| 5 |
SCA
Salient Capital Advisors
Houston,
Texas
|
-$490K |
SMM Hedge Fund Activity: Q3 2017 in Review
36 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q3 2017, worth a combined $63.8M — down 1.8% from $65M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new SMM positions and 5 closed out — a net gain of 4 holders — while 12 added to existing stakes and 7 trimmed.
The largest buyer was Advisory Alpha, opening a new position worth an estimated $1.95M. The largest seller was UBS Group, cutting an estimated $2.63M.
- 36 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q3 2017, up from 33 in Q2 2017.
- Funds reported $63.8M of Salient Midstream & MLP Fund stock for Q3 2017, down 1.8% quarter-over-quarter.
- 9 funds opened new Salient Midstream & MLP Fund positions in Q3 2017 and 5 closed out, a net change of +4 holders.
- The largest Salient Midstream & MLP Fund buyer in Q3 2017 was Advisory Alpha, an estimated $1.95M added.
- The largest Salient Midstream & MLP Fund seller in Q3 2017 was UBS Group, an estimated $2.63M sold.
Based on aggregated 13F filings for Q3 2017.