Smith-Midland
SMID
28 hedge funds and large institutions have $42M invested in Smith-Midland in 2023 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
12% more funds holding
Funds holding: 25 → 28 (+3)
1.97% more ownership
Funds ownership: 40.01% → 41.97% (+2%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
15% less capital invested
Capital invested by funds: $49.6M → $42M (-$7.61M)
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TDC
Thompson Davis & Co
Richmond,
Virginia
|
+$2.36M |
| 2 |
NIM
Needham Investment Management
New York
|
+$298K |
| 3 |
HIMC
Heritage Investors Management Corp
Bethesda,
Maryland
|
+$61.5K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$45.3K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$10.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$263K |
| 2 |
CSC
Caldwell Sutter Capital
Sausalito,
California
|
-$179K |
| 3 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$75K |
| 4 |
Luther King Capital Management (LKCM)
Fort Worth,
Texas
|
-$26K |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$21.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Osaic Holdings
Scottsdale,
Arizona
| $3.8K | +$4.29K | +200 | New |
|
|
HI
27
Harbour Investments
Madison,
Wisconsin
| $2.55K | – | – | – |
|
28
Wells Fargo
San Francisco,
California
| $608 | – | – | – |
|
|
29
Bank of New York Mellon
New York
| – | -$263K | -11,162 | Closed |
|
SMID Hedge Fund Activity: Q3 2023 in Review
28 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in Smith-Midland (SMID) for Q3 2023, worth a combined $42M — down 15% from $49.6M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new SMID positions and 1 closed out — a net gain of 3 holders — while 6 added to existing stakes and 10 trimmed.
The largest buyer was Thompson Davis & Co, adding an estimated $2.36M. The largest seller was Bank of New York Mellon, exiting entirely with an estimated $263K sold.
- 28 institutional investors held Smith-Midland (SMID) as of Q3 2023, up from 25 in Q2 2023.
- Funds reported $42M of Smith-Midland stock for Q3 2023, down 15% quarter-over-quarter.
- 4 funds opened new Smith-Midland positions in Q3 2023 and 1 closed out, a net change of +3 holders.
- The largest Smith-Midland buyer in Q3 2023 was Thompson Davis & Co, an estimated $2.36M added.
- The largest Smith-Midland seller in Q3 2023 was Bank of New York Mellon, an estimated $263K sold.
Based on aggregated 13F filings for Q3 2023.