Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
39 hedge funds and large institutions have $29.6M invested in Salient Midstream & MLP Fund in 2021 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 14 reducing their positions, and 4 closing their positions.
32% more capital invested
Capital invested by funds: $22.4M → $29.6M (+$7.25M)
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
5.15% more ownership
Funds ownership: 21.19% → 26.34% (+5.1%)
3% more funds holding
Funds holding: 38 → 39 (+1)
43% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$7.9M |
| 2 |
QC
Quantedge Capital
Singapore
|
+$548K |
| 3 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
+$349K |
| 4 |
ZIM
Zacks Investment Management
Chicago,
Illinois
|
+$185K |
| 5 |
Morgan Stanley
New York
|
+$171K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.11M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$590K |
| 3 |
BS
Boenning & Scattergood
West Conshohocken,
Pennsylvania
|
-$323K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$283K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$233K |
SMM Hedge Fund Activity: Q3 2021 in Review
39 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q3 2021, worth a combined $29.6M — up 32% from $22.4M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new SMM positions and 4 closed out — a net gain of 1 holder — while 8 added to existing stakes and 14 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $7.9M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $2.11M sold.
- 39 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q3 2021, up from 38 in Q2 2021.
- Funds reported $29.6M of Salient Midstream & MLP Fund stock for Q3 2021, up 32% quarter-over-quarter.
- 5 funds opened new Salient Midstream & MLP Fund positions in Q3 2021 and 4 closed out, a net change of +1 holder.
- The largest Salient Midstream & MLP Fund buyer in Q3 2021 was Saba Capital Management, an estimated $7.9M added.
- The largest Salient Midstream & MLP Fund seller in Q3 2021 was Wolverine Asset Management, an estimated $2.11M sold.
Based on aggregated 13F filings for Q3 2021.