Summit Financial Group, Inc.
SMMF
SMMF was delisted on the 2nd of May, 2024.
75 hedge funds and large institutions have $86M invested in Summit Financial Group, Inc. in 2023 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 17 reducing their positions, and 7 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 17
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
7% more funds holding
Funds holding: 70 → 75 (+5)
5% more capital invested
Capital invested by funds: $81.8M → $86M (+$4.17M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$1.43M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.41M |
| 3 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$852K |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$790K |
| 5 |
LPL Financial
San Diego,
California
|
+$776K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.06M |
| 2 |
Millennium Management
New York
|
-$909K |
| 3 |
Renaissance Technologies
New York
|
-$808K |
| 4 |
BCM
BHZ Capital Management
San Jose,
California
|
-$638K |
| 5 |
QC
Quadrature Capital
London,
United Kingdom
|
-$509K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCM
76
BHZ Capital Management
San Jose,
California
| – | -$638K | -30,751 | Closed |
|
|
QC
77
Quadrature Capital
London,
United Kingdom
| – | -$509K | -24,617 | Closed |
|
|
PAM
78
Panagora Asset Management
Boston,
Massachusetts
| – | -$400K | -19,293 | Closed |
|
79
Marshall Wace
London,
United Kingdom
| – | -$284K | -13,710 | Closed |
|
|
TI
80
Trexquant Investment
Stamford,
Connecticut
| – | -$252K | -12,162 | Closed |
|
81
New York State Teachers Retirement System (NYSTRS)
Albany,
New York
| – | -$21K | -1,000 | Closed |
|
|
GCM
82
Gladius Capital Management
Chicago,
Illinois
| – | -$6.08K | -293 | Closed |
|
SMMF Hedge Fund Activity: Q2 2023 in Review
75 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q2 2023, worth a combined $86M — up 5.1% from $81.8M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new SMMF positions and 7 closed out — a net gain of 5 holders — while 32 added to existing stakes and 17 trimmed.
The largest buyer was BlackRock, adding an estimated $1.43M. The largest seller was Royal Bank of Canada, cutting an estimated $1.06M.
- 75 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q2 2023, up from 70 in Q1 2023.
- Funds reported $86M of Summit Financial Group, Inc. stock for Q2 2023, up 5.1% quarter-over-quarter.
- 12 funds opened new Summit Financial Group, Inc. positions in Q2 2023 and 7 closed out, a net change of +5 holders.
- The largest Summit Financial Group, Inc. buyer in Q2 2023 was BlackRock, an estimated $1.43M added.
- The largest Summit Financial Group, Inc. seller in Q2 2023 was Royal Bank of Canada, an estimated $1.06M sold.
Based on aggregated 13F filings for Q2 2023.