Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
36 hedge funds and large institutions have $16.6M invested in Salient Midstream & MLP Fund in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
3% more funds holding
Funds holding: 35 → 36 (+1)
15% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 13
58% less capital invested
Capital invested by funds: $39.1M → $16.6M (-$22.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.98M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$926K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$859K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$441K |
| 5 |
Goldman Sachs
New York
|
+$427K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.23M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.23M |
| 3 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$762K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$539K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$443K |
SMM Hedge Fund Activity: Q1 2020 in Review
36 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q1 2020, worth a combined $16.6M — down 58% from $39.1M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SMM positions and 5 closed out — a net gain of 2 holders — while 11 added to existing stakes and 13 trimmed.
The largest buyer was Matisse Capital, adding an estimated $1.98M. The largest seller was Morgan Stanley, cutting an estimated $4.23M.
- 36 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q1 2020, up from 35 in Q4 2019.
- Funds reported $16.6M of Salient Midstream & MLP Fund stock for Q1 2020, down 58% quarter-over-quarter.
- 7 funds opened new Salient Midstream & MLP Fund positions in Q1 2020 and 5 closed out, a net change of +2 holders.
- The largest Salient Midstream & MLP Fund buyer in Q1 2020 was Matisse Capital, an estimated $1.98M added.
- The largest Salient Midstream & MLP Fund seller in Q1 2020 was Morgan Stanley, an estimated $4.23M sold.
Based on aggregated 13F filings for Q1 2020.