Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
42 hedge funds and large institutions have $62.5M invested in Salient Midstream & MLP Fund in 2022 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 16 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
66% more capital invested
Capital invested by funds: $37.6M → $62.5M (+$25M)
11.37% more ownership
Funds ownership: 31.45% → 42.82% (+11%)
8% more funds holding
Funds holding: 39 → 42 (+3)
50% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$7.28M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.54M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$3.25M |
| 4 |
Morgan Stanley
New York
|
+$815K |
| 5 |
NFG
Nations Financial Group
Cedar Rapids,
Iowa
|
+$372K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFA
Pettinga Financial Advisors
Evansville,
Indiana
|
-$589K |
| 2 |
QC
Quantedge Capital
Singapore
|
-$583K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$482K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$362K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$260K |
SMM Hedge Fund Activity: Q1 2022 in Review
42 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q1 2022, worth a combined $62.5M — up 66% from $37.6M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new SMM positions and 4 closed out — a net gain of 4 holders — while 8 added to existing stakes and 16 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $7.28M. The largest seller was Pettinga Financial Advisors, cutting an estimated $589K.
- 42 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q1 2022, up from 39 in Q4 2021.
- Funds reported $62.5M of Salient Midstream & MLP Fund stock for Q1 2022, up 66% quarter-over-quarter.
- 8 funds opened new Salient Midstream & MLP Fund positions in Q1 2022 and 4 closed out, a net change of +4 holders.
- The largest Salient Midstream & MLP Fund buyer in Q1 2022 was Saba Capital Management, an estimated $7.28M added.
- The largest Salient Midstream & MLP Fund seller in Q1 2022 was Pettinga Financial Advisors, an estimated $589K sold.
Based on aggregated 13F filings for Q1 2022.