Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
43 hedge funds and large institutions have $19.1M invested in Salient Midstream & MLP Fund in 2020 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
56% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 9
50% more capital invested
Capital invested by funds: $12.8M → $19.1M (+$6.39M)
13% more funds holding
Funds holding: 38 → 43 (+5)
4.83% more ownership
Funds ownership: 20.46% → 25.3% (+4.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$2.13M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$669K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$596K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$346K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$192K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$797K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$445K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$235K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$233K |
| 5 |
Goldman Sachs
New York
|
-$231K |
SMM Hedge Fund Activity: Q4 2020 in Review
43 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q4 2020, worth a combined $19.1M — up 50% from $12.8M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new SMM positions and 4 closed out — a net gain of 5 holders — while 14 added to existing stakes and 9 trimmed.
The largest buyer was Matisse Capital, adding an estimated $2.13M. The largest seller was Landscape Capital Management, cutting an estimated $797K.
- 43 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q4 2020, up from 38 in Q3 2020.
- Funds reported $19.1M of Salient Midstream & MLP Fund stock for Q4 2020, up 50% quarter-over-quarter.
- 9 funds opened new Salient Midstream & MLP Fund positions in Q4 2020 and 4 closed out, a net change of +5 holders.
- The largest Salient Midstream & MLP Fund buyer in Q4 2020 was Matisse Capital, an estimated $2.13M added.
- The largest Salient Midstream & MLP Fund seller in Q4 2020 was Landscape Capital Management, an estimated $797K sold.
Based on aggregated 13F filings for Q4 2020.