Summit Financial Group, Inc.
SMMF
SMMF was delisted on the 2nd of May, 2024.
56 hedge funds and large institutions have $76.5M invested in Summit Financial Group, Inc. in 2020 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 22 increasing their positions, 12 reducing their positions, and 3 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 12
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
57% more capital invested
Capital invested by funds: $48.9M → $76.5M (+$27.6M)
4% more funds holding
Funds holding: 54 → 56 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$1.71M |
| 2 |
BlackRock
New York
|
+$625K |
| 3 |
MCM
Maryland Capital Management
Towson,
Maryland
|
+$522K |
| 4 |
JP Morgan Chase
New York
|
+$452K |
| 5 |
GJL
Gendell Jeffrey L
|
+$377K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Argent Capital Management
St Louis,
Missouri
|
-$531K |
| 2 |
SFG
Summit Financial Group
Moorefield,
West Virginia
|
-$262K |
| 3 |
Renaissance Technologies
New York
|
-$191K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$170K |
| 5 |
Bank of New York Mellon
New York
|
-$166K |
SMMF Hedge Fund Activity: Q4 2020 in Review
56 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q4 2020, worth a combined $76.5M — up 57% from $48.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new SMMF positions and 3 closed out — a net gain of 2 holders — while 22 added to existing stakes and 12 trimmed.
The largest buyer was Fourthstone LLC, adding an estimated $1.71M. The largest seller was Argent Capital Management, exiting entirely with an estimated $531K sold.
- 56 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q4 2020, up from 54 in Q3 2020.
- Funds reported $76.5M of Summit Financial Group, Inc. stock for Q4 2020, up 57% quarter-over-quarter.
- 5 funds opened new Summit Financial Group, Inc. positions in Q4 2020 and 3 closed out, a net change of +2 holders.
- The largest Summit Financial Group, Inc. buyer in Q4 2020 was Fourthstone LLC, an estimated $1.71M added.
- The largest Summit Financial Group, Inc. seller in Q4 2020 was Argent Capital Management, an estimated $531K sold.
Based on aggregated 13F filings for Q4 2020.