Summit Financial Group, Inc.
SMMF
SMMF was delisted on the 2nd of May, 2024.
59 hedge funds and large institutions have $83.4M invested in Summit Financial Group, Inc. in 2019 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 8 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 17
8% less funds holding
Funds holding: 64 → 59 (-5)
11% less capital invested
Capital invested by funds: $93.9M → $83.4M (-$10.5M)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$562K |
| 2 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$308K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$222K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$202K |
| 5 |
Renaissance Technologies
New York
|
+$183K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
-$4.2M |
| 2 |
SFG
Summit Financial Group
Moorefield,
West Virginia
|
-$1.09M |
| 3 |
BPM
Bowling Portfolio Management
Cincinnati,
Ohio
|
-$1.05M |
| 4 |
GJL
Gendell Jeffrey L
|
-$648K |
| 5 |
New York State Common Retirement Fund
Albany,
New York
|
-$424K |
SMMF Hedge Fund Activity: Q3 2019 in Review
59 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q3 2019, worth a combined $83.4M — down 11% from $93.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SMMF and 3 opened new positions — a net loss of 5 holders — while 17 trimmed existing stakes and 21 added.
The largest buyer was BlackRock, adding an estimated $562K. The largest seller was Pacific Ridge Capital Partners, exiting entirely with an estimated $4.2M sold.
- 59 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q3 2019, down from 64 in Q2 2019.
- Funds reported $83.4M of Summit Financial Group, Inc. stock for Q3 2019, down 11% quarter-over-quarter.
- 3 funds opened new Summit Financial Group, Inc. positions in Q3 2019 and 8 closed out, a net change of -5 holders.
- The largest Summit Financial Group, Inc. buyer in Q3 2019 was BlackRock, an estimated $562K added.
- The largest Summit Financial Group, Inc. seller in Q3 2019 was Pacific Ridge Capital Partners, an estimated $4.2M sold.
Based on aggregated 13F filings for Q3 2019.