Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
33 hedge funds and large institutions have $40.1M invested in Salient Midstream & MLP Fund in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 18 reducing their positions, and 8 closing their positions.
16% more capital invested
Capital invested by funds: $34.6M → $40.1M (+$5.46M)
13% less funds holding
Funds holding: 38 → 33 (-5)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
56% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.89M |
| 2 |
Morgan Stanley
New York
|
+$1.54M |
| 3 |
Millennium Management
New York
|
+$534K |
| 4 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$88.8K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$67.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.71M |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$569K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$503K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$414K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$344K |
SMM Hedge Fund Activity: Q1 2019 in Review
33 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q1 2019, worth a combined $40.1M — up 16% from $34.6M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SMM and 4 opened new positions — a net loss of 4 holders — while 18 trimmed existing stakes and 8 added.
The largest buyer was Matisse Capital, opening a new position worth an estimated $1.89M. The largest seller was UBS Group, cutting an estimated $1.71M.
- 33 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q1 2019, down from 38 in Q4 2018.
- Funds reported $40.1M of Salient Midstream & MLP Fund stock for Q1 2019, up 16% quarter-over-quarter.
- 4 funds opened new Salient Midstream & MLP Fund positions in Q1 2019 and 8 closed out, a net change of -4 holders.
- The largest Salient Midstream & MLP Fund buyer in Q1 2019 was Matisse Capital, an estimated $1.89M added.
- The largest Salient Midstream & MLP Fund seller in Q1 2019 was UBS Group, an estimated $1.71M sold.
Based on aggregated 13F filings for Q1 2019.