SmartFinancial
SMBK
67 hedge funds and large institutions have $113M invested in SmartFinancial in 2018 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 23 increasing their positions, 17 reducing their positions, and 6 closing their positions.
42% more capital inflows, than outflows
Capital inflows: $8.35M | Capital outflows: $5.87M
35% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 17
0.69% more ownership
Funds ownership: 36.87% → 37.56% (+0.69%)
3% less funds holding
Funds holding: 69 → 67 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$1.42M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.3M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$977K |
| 4 |
Forest Hill Capital
Little Rock,
Arkansas
|
+$970K |
| 5 |
Zacks Investment Management
Chicago,
Illinois
|
+$731K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$1.24M |
| 2 |
Banc Funds Company
Chicago,
Illinois
|
-$1.16M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.03M |
| 4 |
Renaissance Technologies
New York
|
-$627K |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$316K |
SMBK Hedge Fund Activity: Q3 2018 in Review
67 of the 4,392 institutional investors tracked by Wall St. Rank reported a position in SmartFinancial (SMBK) for Q3 2018, worth a combined $113M — down 6.6% from $121M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of SMBK and 4 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 23 added.
The largest buyer was Penn Capital Management, adding an estimated $1.42M. The largest seller was Millennium Management, exiting entirely with an estimated $1.24M sold.
- 67 institutional investors held SmartFinancial (SMBK) as of Q3 2018, down from 69 in Q2 2018.
- Funds reported $113M of SmartFinancial stock for Q3 2018, down 6.6% quarter-over-quarter.
- 4 funds opened new SmartFinancial positions in Q3 2018 and 6 closed out, a net change of -2 holders.
- The largest SmartFinancial buyer in Q3 2018 was Penn Capital Management, an estimated $1.42M added.
- The largest SmartFinancial seller in Q3 2018 was Millennium Management, an estimated $1.24M sold.
Based on aggregated 13F filings for Q3 2018.