Summit Financial Group, Inc.
SMMF
SMMF was delisted on the 2nd of May, 2024.
48 hedge funds and large institutions have $42.8M invested in Summit Financial Group, Inc. in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
2% less funds holding
Funds holding: 49 → 48 (-1)
19% less capital invested
Capital invested by funds: $53M → $42.8M (-$10.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$9.22M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$824K |
| 3 |
BPM
Bowling Portfolio Management
Cincinnati,
Ohio
|
+$647K |
| 4 |
Renaissance Technologies
New York
|
+$643K |
| 5 |
SG Americas Securities
New York
|
+$319K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PTC
Philadelphia Trust Company
Philadelphia,
Pennsylvania
|
-$504K |
| 2 |
Morgan Stanley
New York
|
-$320K |
| 3 |
JP Morgan Chase
New York
|
-$290K |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$264K |
| 5 |
Russell Investments Group
London,
United Kingdom
|
-$237K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$7K | -272 | Closed |
|
SMMF Hedge Fund Activity: Q1 2017 in Review
48 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q1 2017, worth a combined $42.8M — down 19% from $53M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new SMMF positions and 3 closed out — a net gain of 3 holders — while 16 added to existing stakes and 15 trimmed.
The largest buyer was BlackRock, adding an estimated $9.22M. The largest seller was Philadelphia Trust Company, cutting an estimated $504K.
- 48 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q1 2017, down from 49 in Q4 2016.
- Funds reported $42.8M of Summit Financial Group, Inc. stock for Q1 2017, down 19% quarter-over-quarter.
- 6 funds opened new Summit Financial Group, Inc. positions in Q1 2017 and 3 closed out, a net change of +3 holders.
- The largest Summit Financial Group, Inc. buyer in Q1 2017 was BlackRock, an estimated $9.22M added.
- The largest Summit Financial Group, Inc. seller in Q1 2017 was Philadelphia Trust Company, an estimated $504K sold.
Based on aggregated 13F filings for Q1 2017.