Schmitt Industries Inc
SMIT
SMIT was delisted on the 13th of January, 2023.
9 hedge funds and large institutions have $2.47M invested in Schmitt Industries Inc in 2020 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 0 reducing their positions, and 3 closing their positions.
18% less funds holding
Funds holding: 11 → 9 (-2)
43% less capital invested
Capital invested by funds: $4.31M → $2.47M (-$1.84M)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Corsair Capital Management
New York
|
+$134K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.1K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$69 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$996K |
| 2 |
Morgan Stanley
New York
|
-$4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TA
1
Teton Advisors
Rye,
New York
| $1.93M | – | – | – |
|
|
CCM
2
Corsair Capital Management
New York
| $280K | +$134K | +42,339 | +71% |
|
|
BCM
3
Bridgeway Capital Management
Houston,
Texas
| $195K | – | – | – |
|
4
Vanguard Group
Malvern,
Pennsylvania
| $70K | – | – | – |
|
|
5
UBS Group
Zurich,
Switzerland
| $2K | +$1.1K | +349 | +64% |
|
6
BlackRock
New York
| $1K | – | – | – |
|
|
VCP
7
Verus Capital Partners
Scottsdale,
Arizona
| $1K | – | – | – |
|
|
8
Renaissance Technologies
New York
| – | -$996K | -258,148 | Closed |
|
|
9
Morgan Stanley
New York
| – | -$4K | -1,000 | Closed |
|
|
10
Wells Fargo
San Francisco,
California
| – | +$69 | +22 | New |
|
SMIT Hedge Fund Activity: Q1 2020 in Review
9 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Schmitt Industries Inc (SMIT) for Q1 2020, worth a combined $2.47M — down 43% from $4.31M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of SMIT and 1 opened new positions — a net loss of 2 holders — while 0 trimmed existing stakes and 2 added.
The largest buyer was Corsair Capital Management, adding an estimated $134K. The largest seller was Renaissance Technologies, exiting entirely with an estimated $996K sold.
- 9 institutional investors held Schmitt Industries Inc (SMIT) as of Q1 2020, down from 11 in Q4 2019.
- Funds reported $2.47M of Schmitt Industries Inc stock for Q1 2020, down 43% quarter-over-quarter.
- 1 fund opened new Schmitt Industries Inc positions in Q1 2020 and 3 closed out, a net change of -2 holders.
- The largest Schmitt Industries Inc buyer in Q1 2020 was Corsair Capital Management, an estimated $134K added.
- The largest Schmitt Industries Inc seller in Q1 2020 was Renaissance Technologies, an estimated $996K sold.
Based on aggregated 13F filings for Q1 2020.