SmartFinancial
SMBK
95 hedge funds and large institutions have $180M invested in SmartFinancial in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 33 increasing their positions, 27 reducing their positions, and 9 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 27
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.38% less ownership
Funds ownership: 49.71% → 49.32% (-0.38%)
2% less funds holding
Funds holding: 97 → 95 (-2)
8% less capital invested
Capital invested by funds: $195M → $180M (-$15.1M)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$1.32M |
| 2 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$1.01M |
| 3 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$610K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$568K |
| 5 |
State Street
Boston,
Massachusetts
|
+$525K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$2.22M |
| 2 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
-$1.44M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.2M |
| 4 |
BCM
BHZ Capital Management
San Jose,
California
|
-$1.04M |
| 5 |
B
Bailard
Foster City,
California
|
-$512K |
SMBK Hedge Fund Activity: Q2 2023 in Review
95 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in SmartFinancial (SMBK) for Q2 2023, worth a combined $180M — down 7.7% from $195M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of SMBK and 7 opened new positions — a net loss of 2 holders — while 27 trimmed existing stakes and 33 added.
The largest buyer was AllianceBernstein, adding an estimated $1.32M. The largest seller was JP Morgan Chase, cutting an estimated $2.22M.
- 95 institutional investors held SmartFinancial (SMBK) as of Q2 2023, down from 97 in Q1 2023.
- Funds reported $180M of SmartFinancial stock for Q2 2023, down 7.7% quarter-over-quarter.
- 7 funds opened new SmartFinancial positions in Q2 2023 and 9 closed out, a net change of -2 holders.
- The largest SmartFinancial buyer in Q2 2023 was AllianceBernstein, an estimated $1.32M added.
- The largest SmartFinancial seller in Q2 2023 was JP Morgan Chase, an estimated $2.22M sold.
Based on aggregated 13F filings for Q2 2023.