SmartFinancial
SMBK
79 hedge funds and large institutions have $95.2M invested in SmartFinancial in 2020 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 29 increasing their positions, 18 reducing their positions, and 10 closing their positions.
61% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 18
3.48% less ownership
Funds ownership: 44.3% → 40.82% (-3.5%)
6% less funds holding
Funds holding: 84 → 79 (-5)
35% less capital invested
Capital invested by funds: $147M → $95.2M (-$51.4M)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.18M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$1.25M |
| 3 |
BPM
Bowling Portfolio Management
Cincinnati,
Ohio
|
+$708K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$600K |
| 5 |
MCM
Maltese Capital Management
New York
|
+$491K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$2.63M |
| 2 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$1.18M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$624K |
| 4 |
Two Sigma Investments
New York
|
-$551K |
| 5 |
PCMF
Private Capital Management (Florida)
Naples,
Florida
|
-$520K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAM
76
ClariVest Asset Management
San Diego,
California
| $8K | – | – | – |
|
|
BFEC
77
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $4K | – | – | – |
|
|
PAM
78
Panagora Asset Management
Boston,
Massachusetts
| $3K | +$4.08K | +208 | New |
|
79
Canada Life
Winnipeg,
Manitoba, Canada
| $1K | +$20 | +1 | +2% |
|
|
80
Millennium Management
New York
| – | -$2.63M | -111,402 | Closed |
|
|
OAM
81
Oxford Asset Management
Oxford,
United Kingdom
| – | -$1.18M | -49,689 | Closed |
|
|
KCM
82
Kennedy Capital Management
St Louis,
Missouri
| – | -$624K | -26,389 | Closed |
|
|
83
Two Sigma Investments
New York
| – | -$551K | -23,279 | Closed |
|
|
AL
84
AJO LP
Philadelphia,
Pennsylvania
| – | -$214K | -9,085 | Closed |
|
|
WG
85
Welch Group
Birmingham,
Alabama
| – | -$154K | -6,499 | Closed |
|
86
Marshall Wace
London,
United Kingdom
| – | -$147K | -6,210 | Closed |
|
87
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$38K | -1,617 | Closed |
|
|
SPIA
88
Steward Partners Investment Advisory
New York
| – | -$28K | -1,200 | Closed |
|
SMBK Hedge Fund Activity: Q1 2020 in Review
79 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in SmartFinancial (SMBK) for Q1 2020, worth a combined $95.2M — down 35% from $147M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of SMBK and 6 opened new positions — a net loss of 4 holders — while 18 trimmed existing stakes and 29 added.
The largest buyer was Vanguard Group, adding an estimated $2.18M. The largest seller was Millennium Management, exiting entirely with an estimated $2.63M sold.
- 79 institutional investors held SmartFinancial (SMBK) as of Q1 2020, down from 84 in Q4 2019.
- Funds reported $95.2M of SmartFinancial stock for Q1 2020, down 35% quarter-over-quarter.
- 6 funds opened new SmartFinancial positions in Q1 2020 and 10 closed out, a net change of -4 holders.
- The largest SmartFinancial buyer in Q1 2020 was Vanguard Group, an estimated $2.18M added.
- The largest SmartFinancial seller in Q1 2020 was Millennium Management, an estimated $2.63M sold.
Based on aggregated 13F filings for Q1 2020.