Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
38 hedge funds and large institutions have $34.6M invested in Salient Midstream & MLP Fund in 2018 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 8 increasing their positions, 16 reducing their positions, and 10 closing their positions.
20% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 10
6% more funds holding
Funds holding: 36 → 38 (+2)
0.24% less ownership
Funds ownership: 26.46% → 26.22% (-0.24%)
28% less capital invested
Capital invested by funds: $48M → $34.6M (-$13.4M)
50% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.27M |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$814K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$452K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$452K |
| 5 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
+$443K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Advisory Alpha
Holland,
Michigan
|
-$1.89M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.45M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$754K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$741K |
| 5 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
-$717K |
SMM Hedge Fund Activity: Q4 2018 in Review
38 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q4 2018, worth a combined $34.6M — down 28% from $48M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new SMM positions and 10 closed out — a net gain of 2 holders — while 8 added to existing stakes and 16 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.27M. The largest seller was Advisory Alpha, exiting entirely with an estimated $1.89M sold.
- 38 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q4 2018, up from 36 in Q3 2018.
- Funds reported $34.6M of Salient Midstream & MLP Fund stock for Q4 2018, down 28% quarter-over-quarter.
- 12 funds opened new Salient Midstream & MLP Fund positions in Q4 2018 and 10 closed out, a net change of +2 holders.
- The largest Salient Midstream & MLP Fund buyer in Q4 2018 was Morgan Stanley, an estimated $1.27M added.
- The largest Salient Midstream & MLP Fund seller in Q4 2018 was Advisory Alpha, an estimated $1.89M sold.
Based on aggregated 13F filings for Q4 2018.