Summit Financial Group, Inc.
SMMF
SMMF was delisted on the 2nd of May, 2024.
56 hedge funds and large institutions have $75.7M invested in Summit Financial Group, Inc. in 2021 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 17 increasing their positions, 18 reducing their positions, and 7 closing their positions.
6% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 18
8% less funds holding
Funds holding: 61 → 56 (-5)
18% less capital invested
Capital invested by funds: $92.2M → $75.7M (-$16.5M)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$1.08M |
| 2 |
SO
STRS Ohio
Columbus,
Ohio
|
+$292K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$250K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$250K |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$149K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
California Public Employees Retirement System
Sacramento,
California
|
-$579K |
| 2 |
BlackRock
New York
|
-$441K |
| 3 |
JP Morgan Chase
New York
|
-$340K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$242K |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$239K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PFPT
51
Pinnacle Financial Partners (Tennessee)
Nashville,
Tennessee
| $16K | – | – | – |
|
|
PWA
52
Pinnacle Wealth Advisors
Nashville,
Tennessee
| $16K | +$18.2K | +744 | New |
|
53
Citigroup
New York
| $13K | -$3.82K | -156 | -21% |
|
|
MAM
54
Meeder Asset Management
Dublin,
Ohio
| $4K | -$2.06K | -84 | -32% |
|
55
UBS AM
Chicago,
Illinois
| $2.31K | +$2.57K | +105 | New |
|
|
AIG
56
American International Group
New York
| $140 | -$5.12K | -209 | -3% |
|
|
57
California Public Employees Retirement System
Sacramento,
California
| – | -$579K | -21,803 | Closed |
|
|
58
AllianceBernstein
Nashville,
Tennessee
| – | -$239K | -9,000 | Closed |
|
|
ZCM
59
Zebra Capital Management
Stamford,
Connecticut
| – | -$217K | -8,158 | Closed |
|
|
NAM
60
NTV Asset Management
Charleston,
West Virginia
| – | -$207K | -7,782 | Closed |
|
|
DA
61
Denali Advisors
San Diego,
California
| – | -$48K | -1,800 | Closed |
|
62
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$9K | -336 | Closed |
|
SMMF Hedge Fund Activity: Q2 2021 in Review
56 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q2 2021, worth a combined $75.7M — down 18% from $92.2M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of SMMF and 2 opened new positions — a net loss of 5 holders — while 18 trimmed existing stakes and 17 added.
The largest buyer was Fourthstone LLC, adding an estimated $1.08M. The largest seller was California Public Employees Retirement System, exiting entirely with an estimated $579K sold.
- 56 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q2 2021, down from 61 in Q1 2021.
- Funds reported $75.7M of Summit Financial Group, Inc. stock for Q2 2021, down 18% quarter-over-quarter.
- 2 funds opened new Summit Financial Group, Inc. positions in Q2 2021 and 7 closed out, a net change of -5 holders.
- The largest Summit Financial Group, Inc. buyer in Q2 2021 was Fourthstone LLC, an estimated $1.08M added.
- The largest Summit Financial Group, Inc. seller in Q2 2021 was California Public Employees Retirement System, an estimated $579K sold.
Based on aggregated 13F filings for Q2 2021.