Summit Financial Group, Inc.
SMMF
SMMF was delisted on the 2nd of May, 2024.
49 hedge funds and large institutions have $53M invested in Summit Financial Group, Inc. in 2016 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 25 increasing their positions, 10 reducing their positions, and 3 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 10
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
71% more capital invested
Capital invested by funds: $31M → $53M (+$22M)
4% more funds holding
Funds holding: 47 → 49 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.36M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$1.09M |
| 3 |
Renaissance Technologies
New York
|
+$892K |
| 4 |
Morgan Stanley
New York
|
+$530K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$420K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBWV
United Bank (West Virginia)
Parkersburg,
West Virginia
|
-$1.28M |
| 2 |
PTC
Philadelphia Trust Company
Philadelphia,
Pennsylvania
|
-$510K |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$180K |
| 4 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
-$68.1K |
| 5 |
AIM
Acrospire Investment Management
Chicago,
Illinois
|
-$44.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
LSV Asset Management
Chicago,
Illinois
| – | -$180K | -9,412 | Closed |
|
52
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$15K | -787 | Closed |
|
SMMF Hedge Fund Activity: Q4 2016 in Review
49 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q4 2016, worth a combined $53M — up 71% from $31M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new SMMF positions and 3 closed out — a net gain of 3 holders — while 25 added to existing stakes and 10 trimmed.
The largest buyer was Vanguard Group, adding an estimated $2.36M. The largest seller was United Bank (West Virginia), exiting entirely with an estimated $1.28M sold.
- 49 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q4 2016, up from 47 in Q3 2016.
- Funds reported $53M of Summit Financial Group, Inc. stock for Q4 2016, up 71% quarter-over-quarter.
- 6 funds opened new Summit Financial Group, Inc. positions in Q4 2016 and 3 closed out, a net change of +3 holders.
- The largest Summit Financial Group, Inc. buyer in Q4 2016 was Vanguard Group, an estimated $2.36M added.
- The largest Summit Financial Group, Inc. seller in Q4 2016 was United Bank (West Virginia), an estimated $1.28M sold.
Based on aggregated 13F filings for Q4 2016.