Summit Financial Group, Inc.
SMMF
SMMF was delisted on the 2nd of May, 2024.
41 hedge funds and large institutions have $27.7M invested in Summit Financial Group, Inc. in 2016 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 12 increasing their positions, 5 reducing their positions, and 10 closing their positions.
140% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 5
72% more capital invested
Capital invested by funds: $16.1M → $27.7M (+$11.6M)
50% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 10
11% more funds holding
Funds holding: 37 → 41 (+4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$3.85M |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$1.35M |
| 3 |
State Street
Boston,
Massachusetts
|
+$1.25M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$836K |
| 5 |
Renaissance Technologies
New York
|
+$763K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$245K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$230K |
| 3 |
Goldman Sachs
New York
|
-$214K |
| 4 |
Millennium Management
New York
|
-$214K |
| 5 |
Morgan Stanley
New York
|
-$194K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Barclays
London,
United Kingdom
| – | -$1K | -42 | Closed |
|
SMMF Hedge Fund Activity: Q2 2016 in Review
41 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q2 2016, worth a combined $27.7M — up 72% from $16.1M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new SMMF positions and 10 closed out — a net gain of 5 holders — while 12 added to existing stakes and 5 trimmed.
The largest buyer was BlackRock Fund Advisors, adding an estimated $3.85M. The largest seller was UBS Group, exiting entirely with an estimated $245K sold.
- 41 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q2 2016, up from 37 in Q1 2016.
- Funds reported $27.7M of Summit Financial Group, Inc. stock for Q2 2016, up 72% quarter-over-quarter.
- 15 funds opened new Summit Financial Group, Inc. positions in Q2 2016 and 10 closed out, a net change of +5 holders.
- The largest Summit Financial Group, Inc. buyer in Q2 2016 was BlackRock Fund Advisors, an estimated $3.85M added.
- The largest Summit Financial Group, Inc. seller in Q2 2016 was UBS Group, an estimated $245K sold.
Based on aggregated 13F filings for Q2 2016.