Summit Financial Group, Inc.
SMMF
SMMF was delisted on the 2nd of May, 2024.
61 hedge funds and large institutions have $92.2M invested in Summit Financial Group, Inc. in 2021 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 18 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
20% more capital invested
Capital invested by funds: $76.5M → $92.2M (+$15.7M)
11% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 18
9% more funds holding
Funds holding: 56 → 61 (+5)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$1.06M |
| 2 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$613K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$500K |
| 4 |
Barclays
London,
United Kingdom
|
+$478K |
| 5 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$290K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFG
Summit Financial Group
Moorefield,
West Virginia
|
-$841K |
| 2 |
MCM
Maryland Capital Management
Towson,
Maryland
|
-$816K |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$770K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$377K |
| 5 |
State Street
Boston,
Massachusetts
|
-$243K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SO
51
STRS Ohio
Columbus,
Ohio
| $53K | – | – | – |
|
|
DA
52
Denali Advisors
San Diego,
California
| $48K | – | – | – |
|
53
Legal & General Group
London,
United Kingdom
| $27K | – | – | – |
|
|
AIP
54
Ameritas Investment Partners
Lincoln,
Nebraska
| $25K | – | – | – |
|
|
TRCT
55
Tower Research Capital (TRC)
New York
| $21K | -$78.7K | -3,321 | -81% |
|
56
Citigroup
New York
| $20K | -$34.2K | -1,445 | -66% |
|
|
PFPT
57
Pinnacle Financial Partners (Tennessee)
Nashville,
Tennessee
| $16K | – | – | – |
|
58
Bank of Montreal
Toronto,
Ontario, Canada
| $9K | -$33.8K | -1,428 | -81% |
|
|
MAM
59
Meeder Asset Management
Dublin,
Ohio
| $7K | +$6.16K | +260 | New |
|
|
AIG
60
American International Group
New York
| $175 | +$403 | +17 | +0.3% |
|
61
M&T Bank
Buffalo,
New York
| – | -$222K | -10,032 | Closed |
|
62
Fidelity Investments
Boston,
Massachusetts
| – | +$24 | +1 | New |
|
SMMF Hedge Fund Activity: Q1 2021 in Review
61 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q1 2021, worth a combined $92.2M — up 20% from $76.5M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SMMF positions and 1 closed out — a net gain of 6 holders — while 20 added to existing stakes and 18 trimmed.
The largest buyer was BlackRock, adding an estimated $1.06M. The largest seller was Summit Financial Group, cutting an estimated $841K.
- 61 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q1 2021, up from 56 in Q4 2020.
- Funds reported $92.2M of Summit Financial Group, Inc. stock for Q1 2021, up 20% quarter-over-quarter.
- 7 funds opened new Summit Financial Group, Inc. positions in Q1 2021 and 1 closed out, a net change of +6 holders.
- The largest Summit Financial Group, Inc. buyer in Q1 2021 was BlackRock, an estimated $1.06M added.
- The largest Summit Financial Group, Inc. seller in Q1 2021 was Summit Financial Group, an estimated $841K sold.
Based on aggregated 13F filings for Q1 2021.