Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
30 hedge funds and large institutions have $44.2M invested in Salient Midstream & MLP Fund in 2018 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 10 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 8
18% less capital invested
Capital invested by funds: $54.2M → $44.2M (-$10M)
19% less funds holding
Funds holding: 37 → 30 (-7)
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.71M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.52M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.41M |
| 4 |
BAS
Brown Advisory Securities
Baltimore,
Maryland
|
+$233K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$220K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.7M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.01M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$766K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$652K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$401K |
SMM Hedge Fund Activity: Q1 2018 in Review
30 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q1 2018, worth a combined $44.2M — down 18% from $54.2M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of SMM and 4 opened new positions — a net loss of 6 holders — while 8 trimmed existing stakes and 13 added.
The largest buyer was Morgan Stanley, adding an estimated $2.71M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $2.7M sold.
- 30 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q1 2018, down from 37 in Q4 2017.
- Funds reported $44.2M of Salient Midstream & MLP Fund stock for Q1 2018, down 18% quarter-over-quarter.
- 4 funds opened new Salient Midstream & MLP Fund positions in Q1 2018 and 10 closed out, a net change of -6 holders.
- The largest Salient Midstream & MLP Fund buyer in Q1 2018 was Morgan Stanley, an estimated $2.71M added.
- The largest Salient Midstream & MLP Fund seller in Q1 2018 was Sit Investment Associates, an estimated $2.7M sold.
Based on aggregated 13F filings for Q1 2018.