SmartFinancial
SMBK
97 hedge funds and large institutions have $195M invested in SmartFinancial in 2023 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 38 increasing their positions, 24 reducing their positions, and 8 closing their positions.
58% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 24
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
2.78% more ownership
Funds ownership: 46.93% → 49.71% (+2.8%)
2% more funds holding
Funds holding: 95 → 97 (+2)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
10% less capital invested
Capital invested by funds: $218M → $195M (-$22.4M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $9K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$1.93M |
| 2 |
PCMF
Private Capital Management (Florida)
Naples,
Florida
|
+$1.78M |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$1.6M |
| 4 |
State Street
Boston,
Massachusetts
|
+$943K |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$899K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$2.5M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
-$1.58M |
| 3 |
EI
EAM Investors
Solana Beach,
California
|
-$1.25M |
| 4 |
JP Morgan Chase
New York
|
-$1.16M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$813K |
SMBK Hedge Fund Activity: Q1 2023 in Review
97 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in SmartFinancial (SMBK) for Q1 2023, worth a combined $195M — down 10% from $218M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new SMBK positions and 8 closed out — a net gain of 2 holders — while 38 added to existing stakes and 24 trimmed.
The largest buyer was BlackRock, adding an estimated $1.93M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $2.5M sold.
- 97 institutional investors held SmartFinancial (SMBK) as of Q1 2023, up from 95 in Q4 2022.
- Funds reported $195M of SmartFinancial stock for Q1 2023, down 10% quarter-over-quarter.
- 10 funds opened new SmartFinancial positions in Q1 2023 and 8 closed out, a net change of +2 holders.
- The largest SmartFinancial buyer in Q1 2023 was BlackRock, an estimated $1.93M added.
- The largest SmartFinancial seller in Q1 2023 was DePrince Race & Zollo Inc (DRZ), an estimated $2.5M sold.
Based on aggregated 13F filings for Q1 2023.