Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
39 hedge funds and large institutions have $37.6M invested in Salient Midstream & MLP Fund in 2021 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 6 closing their positions.
27% more capital invested
Capital invested by funds: $29.6M → $37.6M (+$7.93M)
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
0% more funds holding
Funds holding: 39 → 39 (0)
46% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$9.24M |
| 2 |
Morgan Stanley
New York
|
+$1.29M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.1M |
| 4 |
PFA
Pettinga Financial Advisors
Evansville,
Indiana
|
+$926K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$438K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$3.24M |
| 2 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
-$750K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$459K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$427K |
| 5 |
GCP
Gill Capital Partners
Denver,
Colorado
|
-$240K |
SMM Hedge Fund Activity: Q4 2021 in Review
39 of the 6,499 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q4 2021, worth a combined $37.6M — up 27% from $29.6M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SMM positions and 6 closed out — a net gain of 1 holder — while 7 added to existing stakes and 13 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $9.24M. The largest seller was Matisse Capital, exiting entirely with an estimated $3.24M sold.
- 39 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q4 2021, unchanged from Q3 2021.
- Funds reported $37.6M of Salient Midstream & MLP Fund stock for Q4 2021, up 27% quarter-over-quarter.
- 7 funds opened new Salient Midstream & MLP Fund positions in Q4 2021 and 6 closed out, a net change of +1 holder.
- The largest Salient Midstream & MLP Fund buyer in Q4 2021 was Saba Capital Management, an estimated $9.24M added.
- The largest Salient Midstream & MLP Fund seller in Q4 2021 was Matisse Capital, an estimated $3.24M sold.
Based on aggregated 13F filings for Q4 2021.