Summit Financial Group, Inc.
SMMF
SMMF was delisted on the 2nd of May, 2024.
57 hedge funds and large institutions have $54.7M invested in Summit Financial Group, Inc. in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 16 reducing their positions, and 12 closing their positions.
6% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 16
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 62 → 57 (-5)
22% less capital invested
Capital invested by funds: $70.3M → $54.7M (-$15.7M)
42% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
+$848K |
| 2 |
Millennium Management
New York
|
+$526K |
| 3 |
Goldman Sachs
New York
|
+$350K |
| 4 |
Barclays
London,
United Kingdom
|
+$278K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$248K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$1.11M |
| 2 |
BlackRock
New York
|
-$597K |
| 3 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
-$343K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$324K |
| 5 |
ACM
Argent Capital Management
St Louis,
Missouri
|
-$222K |
SMMF Hedge Fund Activity: Q2 2020 in Review
57 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q2 2020, worth a combined $54.7M — down 22% from $70.3M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of SMMF and 7 opened new positions — a net loss of 5 holders — while 16 trimmed existing stakes and 17 added.
The largest buyer was Northern Trust, adding an estimated $848K. The largest seller was Hillsdale Investment Management, exiting entirely with an estimated $1.11M sold.
- 57 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q2 2020, down from 62 in Q1 2020.
- Funds reported $54.7M of Summit Financial Group, Inc. stock for Q2 2020, down 22% quarter-over-quarter.
- 7 funds opened new Summit Financial Group, Inc. positions in Q2 2020 and 12 closed out, a net change of -5 holders.
- The largest Summit Financial Group, Inc. buyer in Q2 2020 was Northern Trust, an estimated $848K added.
- The largest Summit Financial Group, Inc. seller in Q2 2020 was Hillsdale Investment Management, an estimated $1.11M sold.
Based on aggregated 13F filings for Q2 2020.