Salient Midstream & MLP Fund
SMM
SMM was delisted on the 8th of September, 2022.
43 hedge funds and large institutions have $66.2M invested in Salient Midstream & MLP Fund in 2022 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
6.5% more ownership
Funds ownership: 42.82% → 49.31% (+6.5%)
6% more capital invested
Capital invested by funds: $62.5M → $66.2M (+$3.67M)
2% more funds holding
Funds holding: 42 → 43 (+1)
0% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 13
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.03M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.99M |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
+$1.64M |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
+$771K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$598K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$831K |
| 2 |
PFA
Pettinga Financial Advisors
Evansville,
Indiana
|
-$477K |
| 3 |
Morgan Stanley
New York
|
-$373K |
| 4 |
QC
Quantedge Capital
Singapore
|
-$326K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$313K |
SMM Hedge Fund Activity: Q2 2022 in Review
43 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in Salient Midstream & MLP Fund (SMM) for Q2 2022, worth a combined $66.2M — up 5.9% from $62.5M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new SMM positions and 4 closed out — a net gain of 1 holder — while 13 added to existing stakes and 13 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $4.03M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $831K.
- 43 institutional investors held Salient Midstream & MLP Fund (SMM) as of Q2 2022, up from 42 in Q1 2022.
- Funds reported $66.2M of Salient Midstream & MLP Fund stock for Q2 2022, up 5.9% quarter-over-quarter.
- 5 funds opened new Salient Midstream & MLP Fund positions in Q2 2022 and 4 closed out, a net change of +1 holder.
- The largest Salient Midstream & MLP Fund buyer in Q2 2022 was Saba Capital Management, an estimated $4.03M added.
- The largest Salient Midstream & MLP Fund seller in Q2 2022 was Thomas J. Herzfeld Advisors, an estimated $831K sold.
Based on aggregated 13F filings for Q2 2022.