Summit Financial Group, Inc.
SMMF
SMMF was delisted on the 2nd of May, 2024.
60 hedge funds and large institutions have $88.5M invested in Summit Financial Group, Inc. in 2019 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 7 closing their positions.
42% more capital invested
Capital invested by funds: $62.2M → $88.5M (+$26.3M)
18% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 17
0% more funds holding
Funds holding: 60 → 60 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.54M |
| 2 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$1.12M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$842K |
| 4 |
Renaissance Technologies
New York
|
+$710K |
| 5 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$680K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$1.55M |
| 2 |
CIC
Cornercap Investment Counsel
Atlanta,
Georgia
|
-$483K |
| 3 |
MCM
Maryland Capital Management
Towson,
Maryland
|
-$441K |
| 4 |
Morgan Stanley
New York
|
-$424K |
| 5 |
BCM
BHZ Capital Management
San Jose,
California
|
-$364K |
SMMF Hedge Fund Activity: Q1 2019 in Review
60 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q1 2019, worth a combined $88.5M — up 42% from $62.2M a quarter earlier.
Fund positioning in SMMF was balanced in Q1 2019: 7 funds opened new positions, 7 closed out, 20 added to existing stakes and 17 trimmed.
The largest buyer was Vanguard Group, adding an estimated $1.54M. The largest seller was Kennedy Capital Management, cutting an estimated $1.55M.
- 60 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q1 2019, unchanged from Q4 2018.
- Funds reported $88.5M of Summit Financial Group, Inc. stock for Q1 2019, up 42% quarter-over-quarter.
- 7 funds opened new Summit Financial Group, Inc. positions in Q1 2019 and 7 closed out, a net change of 0 holders.
- The largest Summit Financial Group, Inc. buyer in Q1 2019 was Vanguard Group, an estimated $1.54M added.
- The largest Summit Financial Group, Inc. seller in Q1 2019 was Kennedy Capital Management, an estimated $1.55M sold.
Based on aggregated 13F filings for Q1 2019.