SUMMIT MIDSTREAM PARTNERS LP
COM UNIT LTD · CUSIP 866142409
32
institutional holders
-1 vs Q1 2023
4.5m
shares reported held*
$73.3mreported value*
1 new
5 added
11 reduced
2 sold out
net sold ≈ $3.8m (-236.3k shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $16.25. Options: 2 managers hold calls ($17.9k notional), 3 hold puts ($46.9k).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 30 |
| Q4 2022 | 35 |
| Q1 2023 | 33 |
| Q2 2023 | 32 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 12 | 8 |
| Q1 2023 | 11 | 14 |
| Q2 2023 | 6 | 13 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $212.0k | $201.0k | 0.95 |
| Q4 2022 | $157.8k | $201.8k | 1.28 |
| Q1 2023 | $61.4k | $7.0k | 0.11 |
| Q2 2023 | $17.9k | $46.9k | 2.62 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +10.7k |
| OSAIC HOLDINGS, INC. | Added | +2.1k |
| WELLS FARGO & COMPANY/MN | Added | +348 |
| SIMPLEX TRADING, LLC | Added | +300 |
| Cetera Advisors LLC | Added | +250 |
| Coppell Advisory Solutions LLC | New | +11 |
Biggest sellers
| NOMURA HOLDINGS INC | Reduced | -176.8k |
| AEGON USA Investment Management, LLC | Reduced | -25.9k |
| Liberty Mutual Group Asset Management Inc. | Reduced | -20.7k |
| MORGAN STANLEY | Reduced | -14.3k |
| BANK OF AMERICA CORP /DE/ | Reduced | -4.4k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -2.0k |
| ROYAL BANK OF CANADA | Reduced | -2.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -1.3k |
| BARCLAYS PLC | Reduced | -1.0k |
| UBS Group AG | Reduced | -856 |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $17.9k1.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | New | $30.9k1.9k shares |
| SIMPLEX TRADING, LLC | Added | $16.0k1.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| Invesco Ltd. 0.00% of their portfolio | 914.1k $14.9m | Unchanged |
| SHENKMAN CAPITAL MANAGEMENT INC 1.13% of their portfolio | 893.9k $14.5m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 473.6k $7.7m | Reduced -4.4k |
| CQS (US), LLC 0.92% of their portfolio | 469.5k $7.6m | Unchanged |
| ARES MANAGEMENT LLC 0.12% of their portfolio | 346.6k $5.6m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 266.8k $4.3m | Unchanged |
| NOMURA HOLDINGS INC 0.04% of their portfolio | 230.0k $3.7m | Reduced -176.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 203.3k $3.3m | Added +10.7k |
| NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio | 174.9k $2.8m | Unchanged |
| VIRTUS CAPITAL ADVISERS, LLC 12.43% of their portfolio | 108.3k $1.8m | Unchanged |
| Liberty Mutual Group Asset Management Inc. 0.35% of their portfolio | 84.8k $1.4m | Reduced -20.7k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.01% of their portfolio | 58.2k $946.0k | Unchanged |
| Blackstone Inc. 0.00% of their portfolio | 58.0k $942.6k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 43.0k $698.3k | Reduced -1.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 30.4k $494.0k | Unchanged |
| AEGON USA Investment Management, LLC 0.24% of their portfolio | 25.9k $421.4k | Reduced -25.9k |
| Cetera Advisors LLC 0.01% of their portfolio | 23.7k $385.1k | Added +250 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 23.3k $378.3k | Added +348 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 17.2k $278.7k | Reduced -380 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 14.1k $228.0k | Reduced -2.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 14.0k $228.1k | Reduced -1.3k |
| PROTECTIVE LIFE CORP 0.16% of their portfolio | 12.3k $200.7k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 10.8k $175.7k | Reduced -856 |
| MORGAN STANLEY 0.00% of their portfolio | 6.2k $100.4k | Reduced -14.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 2.3k $37.0k | Reduced -2.0k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 2.2k $35.9k | Added +2.1k |
| GPS Wealth Strategies Group, LLC 0.00% of their portfolio | 650 $10.6k | Unchanged |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 468 $7.0k | Added +300 |
| Coppell Advisory Solutions LLC 0.00% of their portfolio | 11 $173 | New |
| Cullen/Frost Bankers, Inc. 0.00% of their portfolio | 5 $81 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 0 $0 | Unchanged |