SmartFinancial
SMBK
102 hedge funds and large institutions have $187M invested in SmartFinancial in 2024 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 34 increasing their positions, 30 reducing their positions, and 9 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
13% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 30
0.2% more ownership
Funds ownership: 51.53% → 51.73% (+0.2%)
2% less funds holding
Funds holding: 104 → 102 (-2)
13% less capital invested
Capital invested by funds: $214M → $187M (-$27.1M)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$982K |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$886K |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$784K |
| 4 |
Millennium Management
New York
|
+$676K |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$552K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$1.66M |
| 2 |
FHC
Forest Hill Capital
Little Rock,
Arkansas
|
-$1.46M |
| 3 |
BlackRock
New York
|
-$885K |
| 4 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$696K |
| 5 |
WA
Waverly Advisors
Birmingham,
Alabama
|
-$396K |
SMBK Hedge Fund Activity: Q1 2024 in Review
102 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in SmartFinancial (SMBK) for Q1 2024, worth a combined $187M — down 13% from $214M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of SMBK and 7 opened new positions — a net loss of 2 holders — while 30 trimmed existing stakes and 34 added.
The largest buyer was Foundry Partners, adding an estimated $982K. The largest seller was Mendon Capital Advisors, cutting an estimated $1.66M.
- 102 institutional investors held SmartFinancial (SMBK) as of Q1 2024, down from 104 in Q4 2023.
- Funds reported $187M of SmartFinancial stock for Q1 2024, down 13% quarter-over-quarter.
- 7 funds opened new SmartFinancial positions in Q1 2024 and 9 closed out, a net change of -2 holders.
- The largest SmartFinancial buyer in Q1 2024 was Foundry Partners, an estimated $982K added.
- The largest SmartFinancial seller in Q1 2024 was Mendon Capital Advisors, an estimated $1.66M sold.
Based on aggregated 13F filings for Q1 2024.