Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
38 hedge funds and large institutions have $12.7M invested in Salient Midstream & MLP Fund in 2020 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 15 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
3% more funds holding
Funds holding: 37 → 38 (+1)
25% less capital invested
Capital invested by funds: $16.9M → $12.7M (-$4.26M)
27% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$564K |
| 2 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
+$320K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$303K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$208K |
| 5 |
Millennium Management
New York
|
+$80.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.6M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$683K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$324K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$206K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$192K |
SMM Hedge Fund Activity: Q3 2020 in Review
38 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q3 2020, worth a combined $12.7M — down 25% from $16.9M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new SMM positions and 2 closed out — a net gain of 1 holder — while 11 added to existing stakes and 15 trimmed.
The largest buyer was Clough Capital Partners, adding an estimated $564K. The largest seller was Morgan Stanley, cutting an estimated $1.6M.
- 38 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q3 2020, up from 37 in Q2 2020.
- Funds reported $12.7M of Salient Midstream & MLP Fund stock for Q3 2020, down 25% quarter-over-quarter.
- 3 funds opened new Salient Midstream & MLP Fund positions in Q3 2020 and 2 closed out, a net change of +1 holder.
- The largest Salient Midstream & MLP Fund buyer in Q3 2020 was Clough Capital Partners, an estimated $564K added.
- The largest Salient Midstream & MLP Fund seller in Q3 2020 was Morgan Stanley, an estimated $1.6M sold.
Based on aggregated 13F filings for Q3 2020.