Summit Financial Group, Inc.
SMMF
SMMF was delisted on the 2nd of May, 2024.
91 hedge funds and large institutions have $147M invested in Summit Financial Group, Inc. in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 26 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
3% more funds holding
Funds holding: 88 → 91 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 26
11% less capital invested
Capital invested by funds: $165M → $147M (-$17.5M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $3K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$1.11M |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
+$1.04M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$875K |
| 4 |
RA
Royce & Associates
New York
|
+$760K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$660K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.38M |
| 2 |
BlackRock
New York
|
-$1.16M |
| 3 |
EC
EJF Capital
Arlington,
Virginia
|
-$709K |
| 4 |
FL
Fourthstone LLC
St Louis,
Missouri
|
-$554K |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$490K |
SMMF Hedge Fund Activity: Q1 2024 in Review
91 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q1 2024, worth a combined $147M — down 11% from $165M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new SMMF positions and 7 closed out — a net gain of 3 holders — while 26 added to existing stakes and 26 trimmed.
The largest buyer was American Century Companies, adding an estimated $1.11M. The largest seller was Morgan Stanley, cutting an estimated $1.38M.
- 91 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q1 2024, up from 88 in Q4 2023.
- Funds reported $147M of Summit Financial Group, Inc. stock for Q1 2024, down 11% quarter-over-quarter.
- 10 funds opened new Summit Financial Group, Inc. positions in Q1 2024 and 7 closed out, a net change of +3 holders.
- The largest Summit Financial Group, Inc. buyer in Q1 2024 was American Century Companies, an estimated $1.11M added.
- The largest Summit Financial Group, Inc. seller in Q1 2024 was Morgan Stanley, an estimated $1.38M sold.
Based on aggregated 13F filings for Q1 2024.