Summit Financial Group, Inc.
SMMF
SMMF was delisted on the 2nd of May, 2024.
70 hedge funds and large institutions have $88.8M invested in Summit Financial Group, Inc. in 2022 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 26 increasing their positions, 18 reducing their positions, and 7 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 18
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less funds holding
Funds holding: 73 → 70 (-3)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
17% less capital invested
Capital invested by funds: $107M → $88.8M (-$18.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$1.01M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$470K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$442K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$301K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$290K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
-$2.73M |
| 2 |
EI
EAM Investors
Solana Beach,
California
|
-$1.25M |
| 3 |
Bank of New York Mellon
New York
|
-$633K |
| 4 |
SFG
Summit Financial Group
Moorefield,
West Virginia
|
-$523K |
| 5 |
Renaissance Technologies
New York
|
-$262K |
SMMF Hedge Fund Activity: Q4 2022 in Review
70 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q4 2022, worth a combined $88.8M — down 17% from $107M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of SMMF and 6 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 26 added.
The largest buyer was BlackRock, adding an estimated $1.01M. The largest seller was Fourthstone LLC, exiting entirely with an estimated $2.73M sold.
- 70 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q4 2022, down from 73 in Q3 2022.
- Funds reported $88.8M of Summit Financial Group, Inc. stock for Q4 2022, down 17% quarter-over-quarter.
- 6 funds opened new Summit Financial Group, Inc. positions in Q4 2022 and 7 closed out, a net change of -1 holder.
- The largest Summit Financial Group, Inc. buyer in Q4 2022 was BlackRock, an estimated $1.01M added.
- The largest Summit Financial Group, Inc. seller in Q4 2022 was Fourthstone LLC, an estimated $2.73M sold.
Based on aggregated 13F filings for Q4 2022.