Summit Financial Group, Inc.
SMMF
SMMF was delisted on the 2nd of May, 2024.
54 hedge funds and large institutions have $48.9M invested in Summit Financial Group, Inc. in 2020 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 14 increasing their positions, 21 reducing their positions, and 6 closing their positions.
5% less funds holding
Funds holding: 57 → 54 (-3)
11% less capital invested
Capital invested by funds: $54.7M → $48.9M (-$5.75M)
33% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 21
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Russell Investments Group
London,
United Kingdom
|
+$372K |
| 2 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$243K |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$179K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$157K |
| 5 |
M&T Bank
Buffalo,
New York
|
+$156K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$528K |
| 2 |
Bank of New York Mellon
New York
|
-$286K |
| 3 |
Barclays
London,
United Kingdom
|
-$278K |
| 4 |
PH
Pinnacle Holdings
Tulsa,
Oklahoma
|
-$90K |
| 5 |
Renaissance Technologies
New York
|
-$85.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PFPT
51
Pinnacle Financial Partners (Tennessee)
Nashville,
Tennessee
| $11K | – | – | – |
|
52
Citigroup
New York
| $8K | -$14.6K | -938 | -63% |
|
53
Bank of Montreal
Toronto,
Ontario, Canada
| $8K | -$6.1K | -393 | -43% |
|
54
UBS Group
Zurich,
Switzerland
| $4K | -$53K | -3,414 | -93% |
|
|
55
Millennium Management
New York
| – | -$528K | -32,022 | Closed |
|
|
56
Barclays
London,
United Kingdom
| – | -$278K | -16,907 | Closed |
|
|
RA
57
Royce & Associates
New York
| – | -$34K | -2,035 | Closed |
|
|
PAG
58
Private Advisor Group
Morristown,
New Jersey
| – | -$29K | -1,730 | Closed |
|
59
New York State Teachers Retirement System (NYSTRS)
Albany,
New York
| – | -$16K | -1,000 | Closed |
|
60
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$2K | -112 | Closed |
|
SMMF Hedge Fund Activity: Q3 2020 in Review
54 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q3 2020, worth a combined $48.9M — down 11% from $54.7M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of SMMF and 3 opened new positions — a net loss of 3 holders — while 21 trimmed existing stakes and 14 added.
The largest buyer was Russell Investments Group, adding an estimated $372K. The largest seller was Millennium Management, exiting entirely with an estimated $528K sold.
- 54 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q3 2020, down from 57 in Q2 2020.
- Funds reported $48.9M of Summit Financial Group, Inc. stock for Q3 2020, down 11% quarter-over-quarter.
- 3 funds opened new Summit Financial Group, Inc. positions in Q3 2020 and 6 closed out, a net change of -3 holders.
- The largest Summit Financial Group, Inc. buyer in Q3 2020 was Russell Investments Group, an estimated $372K added.
- The largest Summit Financial Group, Inc. seller in Q3 2020 was Millennium Management, an estimated $528K sold.
Based on aggregated 13F filings for Q3 2020.