Summit Financial Group, Inc.
SMMF
SMMF was delisted on the 2nd of May, 2024.
37 hedge funds and large institutions have $16.1M invested in Summit Financial Group, Inc. in 2016 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 11 increasing their positions, 1 reducing their positions, and 1 closing their positions.
1,000% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 1
1,000% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 1
43% more capital invested
Capital invested by funds: $11.2M → $16.1M (+$4.85M)
37% more funds holding
Funds holding: 27 → 37 (+10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maryland Capital Management
Towson,
Maryland
|
+$338K |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$305K |
| 3 |
Renaissance Technologies
New York
|
+$274K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$189K |
| 5 |
Goldman Sachs
New York
|
+$180K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$879K |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$112K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $101K | +$85.8K | +6,610 | New |
|
27
Wells Fargo
San Francisco,
California
| $76K | +$7.26K | +559 | +13% |
|
28
Bank of America
Charlotte,
North Carolina
| $63K | – | – | – |
|
|
BA
29
BlackRock Advisors
Wilmington,
Delaware
| $35K | – | – | – |
|
|
BFA
30
BlackRock Fund Advisors
San Francisco,
California
| $24K | +$4K | +308 | +25% |
|
|
BIM
31
BlackRock Investment Management
Wilmington,
Delaware
| $22K | – | – | – |
|
32
Axa
Paris,
France
| $15K | – | – | – |
|
|
HF
33
Hoxton Financial
Shepherdstown,
West Virginia
| $15K | – | – | – |
|
34
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $4K | – | – | – |
|
35
Barclays
London,
United Kingdom
| $1K | +$545 | +42 | New |
|
36
Federated Hermes
Pittsburgh,
Pennsylvania
| $1K | +$636 | +49 | New |
|
|
TRCT
37
Tower Research Capital (TRC)
New York
| $1K | +$688 | +53 | New |
|
|
38
JP Morgan Chase
New York
| – | -$879K | -73,896 | Closed |
|
SMMF Hedge Fund Activity: Q1 2016 in Review
37 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q1 2016, worth a combined $16.1M — up 43% from $11.2M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new SMMF positions and 1 closed out — a net gain of 10 holders — while 11 added to existing stakes and 1 trimmed.
The largest buyer was Maryland Capital Management, opening a new position worth an estimated $338K. The largest seller was JP Morgan Chase, exiting entirely with an estimated $879K sold.
- 37 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q1 2016, up from 27 in Q4 2015.
- Funds reported $16.1M of Summit Financial Group, Inc. stock for Q1 2016, up 43% quarter-over-quarter.
- 11 funds opened new Summit Financial Group, Inc. positions in Q1 2016 and 1 closed out, a net change of +10 holders.
- The largest Summit Financial Group, Inc. buyer in Q1 2016 was Maryland Capital Management, an estimated $338K added.
- The largest Summit Financial Group, Inc. seller in Q1 2016 was JP Morgan Chase, an estimated $879K sold.
Based on aggregated 13F filings for Q1 2016.