Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
37 hedge funds and large institutions have $54.2M invested in Salient Midstream & MLP Fund in 2017 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 8 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
3% more funds holding
Funds holding: 36 → 37 (+1)
3.73% less ownership
Funds ownership: 31.19% → 27.47% (-3.7%)
15% less capital invested
Capital invested by funds: $63.8M → $54.2M (-$9.65M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.97M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$683K |
| 3 |
ACM
AlphaStar Capital Management
Cornelius,
North Carolina
|
+$387K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$305K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$304K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.57M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.43M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$1.95M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.55M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.34M |
SMM Hedge Fund Activity: Q4 2017 in Review
37 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q4 2017, worth a combined $54.2M — down 15% from $63.8M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new SMM positions and 8 closed out — a net gain of 1 holder — while 12 added to existing stakes and 10 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.97M. The largest seller was Sit Investment Associates, cutting an estimated $3.57M.
- 37 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q4 2017, up from 36 in Q3 2017.
- Funds reported $54.2M of Salient Midstream & MLP Fund stock for Q4 2017, down 15% quarter-over-quarter.
- 9 funds opened new Salient Midstream & MLP Fund positions in Q4 2017 and 8 closed out, a net change of +1 holder.
- The largest Salient Midstream & MLP Fund buyer in Q4 2017 was Morgan Stanley, an estimated $1.97M added.
- The largest Salient Midstream & MLP Fund seller in Q4 2017 was Sit Investment Associates, an estimated $3.57M sold.
Based on aggregated 13F filings for Q4 2017.