SUMMIT MIDSTREAM CORPORATION SMC
COM · Common Stock · CUSIP 86614G101
- SectorUtilities
- IndustryNatural Gas Transmission
- HeadquartersHouston, TX
- FilingsSEC EDGAR
* 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 ($2.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $28.48. Options: 2 managers hold calls ($2.2m notional), 0 hold puts (—).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2024 | 35 |
| Q4 2024 | 60 |
| Q1 2025 | 62 |
| Q2 2025 | 63 |
| Q3 2025 | 64 |
| Q4 2025 | 65 |
| Q1 2026 | 73 |
| Q2 2026 | 75 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2024 | 39 | 12 |
| Q1 2025 | 36 | 23 |
| Q2 2025 | 39 | 35 |
| Q3 2025 | 33 | 28 |
| Q4 2025 | 33 | 29 |
| Q1 2026 | 32 | 32 |
| Q2 2026 | 41 | 28 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.1m | $82.0k | 0.07 |
| Q4 2025 | $843.1k | $269.5k | 0.32 |
| Q1 2026 | $8.9m | $284.3k | 0.03 |
| Q2 2026 | $2.2m | $0 | 0.00 |
Biggest buyers
| Deltroit Asset Management (UK) LLP | Added | +107.9k |
| CITADEL ADVISORS LLC | Added | +54.7k |
| EAGLE GLOBAL ADVISORS LLC | Added | +36.3k |
| Flat Footed LLC | Added | +34.2k |
| AMERICAN CENTURY COMPANIES INC | Added | +32.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +24.7k |
| XTX Topco Ltd | New | +22.5k |
| FRANKLIN RESOURCES INC | Added | +19.4k |
| MILLENNIUM MANAGEMENT LLC | New | +17.9k |
| Odyssean, LLC | New | +15.7k |
Biggest sellers
| ARK & TLK INVESTMENTS, LLC | Reduced | -53.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Reduced | -51.5k |
| JANE STREET GROUP, LLC | Sold out | -42.7k |
| BANK OF AMERICA CORP /DE/ | Reduced | -35.9k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Sold out | -23.4k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -22.5k |
| MORGAN STANLEY | Reduced | -15.5k |
| HRT FINANCIAL LP | Sold out | -13.6k |
| GOLDMAN SACHS GROUP INC | Sold out | -13.6k |
| HSBC HOLDINGS PLC | Sold out | -10.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.2m41.9k shares |
| CITADEL ADVISORS LLC | Reduced | $1.0m36.6k shares |
Biggest puts
| None |
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.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Connect Midstream, LLC
13D · may seek influence
+3.6 pts · filed 2026-04-09
Stated purposeItem 4 of the Schedule 13D is hereby amended to include the following at the end thereof: Securities Purchase Agreement Pursuant to the Securities Purchase Agreement (the "Purchase Agreement"), by and among the Company, the Partnership, and Tall Oak Parent, and solely for purposes of modifying certain existing registration rights as detailed in the Purchase Agreement, Connect Midstream, LLC, a Delaware limited liability company ("Connect Midstream"), the Company agreed to issue and sell to Tall Oak Parent (or its designated members) 1,351,351 shares (the "Shares") of Common Stock in exchange for $42,000,000 in cash. The Purchase Agreement contained customary representations, warranties, covenants, conditions to closing, and termination provisions. Upon consummation of the foregoing, the r… Full filing |
39.1% |
| Invesco Ltd. 13G · institution +2.5 pts · filed 2025-05-09 | 7.8% |
Fell to 5% or below in the last year: BlackRock, Inc. (4.9%, 2026-04-27), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 2 | $1.9m | $1.9m |
| Q1 2025 | 0 | — | 2 | $2.8m | $2.4m |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 1 | $3.0m | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 1 | $37.9m | 0 | — | — |
| Q2 2026 | 0 | — | 1 | $320.0k | — |
| Q3 2026 | 0 | — | 1 | $77.3k | $77.3k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-07-02 | Johnston James David Executive VP, GC, CCO and Secy | Sold plan | $77.3k2.6k shares |
| 2026-05-19 | PETERS JERRY L Director · By Joint Spousal Trust | Sold | $320.0k10.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Invesco Ltd. 0.00% of their portfolio | 967.5k $27.6m | Reduced -1.9k |
| Deltroit Asset Management (UK) LLP 3.78% of their portfolio | 815.0k $23.2m | Added +107.9k |
| BlackRock, Inc. 0.00% of their portfolio | 658.6k $18.8m | Added +9.2k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 511.4k $14.6m | Added +5.3k |
| EAGLE GLOBAL ADVISORS LLC 0.25% of their portfolio | 263.1k $7.5m | Added +36.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 247.6k $7.1m | Added +14.6k |
| STATE STREET CORP 0.00% of their portfolio | 184.5k $5.3m | Added +5.9k |
| Flat Footed LLC 0.78% of their portfolio | 158.5k $4.5m | Added +34.2k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 155.1k $4.4m | Added +32.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 122.9k $3.5m | Reduced -51.5k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 119.6k $3.4m | Added +1.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 118.6k $3.4m | Reduced -35.9k |
| Empowered Funds, LLC 0.01% of their portfolio | 91.6k $2.6m | Added +1.8k |
| Liberty Mutual Group Asset Management Inc. 0.21% of their portfolio | 84.8k $2.4m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 80.8k $2.3m | Reduced -15.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 75.7k $2.2m | Added +5.4k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 68.6k $2.0m | Reduced -2.8k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 63.9k $1.8m | Added +54.7k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 59.8k $1.7m | Added +10.1k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.01% of their portfolio | 58.2k $1.7m | Unchanged |
| ALGERT GLOBAL LLC 0.02% of their portfolio | 57.6k $1.6m | Added +10.8k |
| ARK & TLK INVESTMENTS, LLC 0.39% of their portfolio | 55.7k $1.6m | Reduced -53.5k |
| Cetera Investment Advisers 0.00% of their portfolio | 55.4k $1.6m | Reduced -1.1k |
| Summit Financial, LLC 0.02% of their portfolio | 53.0k $1.5m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 47.9k $1.4m | Added +24.7k |
| Fractal Investments LLC 0.15% of their portfolio | 45.0k $1.3m | Unchanged |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 40.7k $1.2m | Added +19.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 29.3k $829.1k | Added +6.1k |
| JB CAPITAL PARTNERS LP 0.12% of their portfolio | 26.2k $745.2k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 26.0k $741.5k | Added +4.3k |
| CITIGROUP INC 0.00% of their portfolio | 24.5k $697.9k | Added +2.7k |
| XTX Topco Ltd 0.01% of their portfolio | 22.5k $641.0k | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 22.4k $637.1k | Added +1.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 22.0k $626.1k | Reduced -127 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 17.9k $508.6k | New |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 17.8k $508.2k | Reduced -597 |
| Odyssean, LLC 0.07% of their portfolio | 15.7k $447.6k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 14.4k $410.9k | Reduced -2.0k |
| Nuveen, LLC 0.00% of their portfolio | 12.5k $355.1k | Reduced -6.5k |
| Voleon Capital Management LP 0.01% of their portfolio | 11.2k $320.1k | Reduced -2.1k |
| MARTINGALE ASSET MANAGEMENT L P 0.01% of their portfolio | 10.8k $308.7k | New |
| Engineers Gate Manager LP 0.00% of their portfolio | 10.7k $305.0k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 9.9k $283.2k | Added +2.7k |
| Valeo Financial Advisors, LLC 0.01% of their portfolio | 9.4k $268.2k | New |
| BARCLAYS PLC 0.00% of their portfolio | 9.4k $266.9k | Reduced -232 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 8.8k $249.5k | Added +7.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 8.7k $246.0k | Added +458 |
| Squarepoint Ops LLC 0.00% of their portfolio | 8.4k $237.9k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 7.5k $214.2k | Added +4.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 7.2k $203.7k | Added +6.4k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 6.3k $179.7k | Unchanged |
| Ancora Advisors LLC 0.00% of their portfolio | 5.0k $143.2k | Unchanged |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 4.7k $133.7k | Unchanged |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 4.2k $120.7k | Added +75 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 3.9k $111.1k | Unchanged |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 2.3k $65.0k | Unchanged |
| FMR LLC 0.00% of their portfolio | 2.0k $57.7k | Added +1.1k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 1.2k $35.3k | Reduced -34 |
| UBS Group AG 0.00% of their portfolio | 1.2k $34.1k | Reduced -314 |
| Legal & General Group Plc 0.00% of their portfolio | 908 $25.9k | Added +172 |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 708 $20.2k | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 312 $8.9k | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 297 $8.5k | Added +80 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 280 $8.0k | Unchanged |
| Sterling Capital Management LLC 0.00% of their portfolio | 181 $5.2k | Reduced -106 |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 166 $4.0k | New |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 135 $4.0k | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 122 $3.5k | Reduced -354 |
| GAMMA Investing LLC 0.00% of their portfolio | 119 $3.4k | Reduced -21 |
| Quarry LP 0.00% of their portfolio | 83 $2.4k | New |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 17 $484 | New |
| ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio | 15 $427 | Unchanged |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 14 $398 | New |
| Transamerica Financial Advisors, LLC 0.00% of their portfolio | 7 $199 | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 1 $29 | New |