Summit Financial Group, Inc.
SMMF
SMMF was delisted on the 2nd of May, 2024.
75 hedge funds and large institutions have $95.1M invested in Summit Financial Group, Inc. in 2023 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 23 reducing their positions, and 9 closing their positions.
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
11% more capital invested
Capital invested by funds: $86M → $95.1M (+$9.11M)
0% more funds holding
Funds holding: 75 → 75 (0)
9% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 23
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
+$2.87M |
| 2 |
RA
Royce & Associates
New York
|
+$2.49M |
| 3 |
BFM
Boothbay Fund Management
New York
|
+$1.41M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$741K |
| 5 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$598K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ROC
River Oaks Capital
Wayzata,
Minnesota
|
-$2.48M |
| 2 |
BlackRock
New York
|
-$1.05M |
| 3 |
LPL Financial
San Diego,
California
|
-$535K |
| 4 |
Millennium Management
New York
|
-$530K |
| 5 |
SO
STRS Ohio
Columbus,
Ohio
|
-$349K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
Millennium Management
New York
| – | -$530K | -25,664 | Closed |
|
|
SO
77
STRS Ohio
Columbus,
Ohio
| – | -$349K | -16,900 | Closed |
|
|
PRCP
78
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
| – | -$324K | -15,675 | Closed |
|
79
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$270K | -12,464 | Closed |
|
80
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$234K | -11,335 | Closed |
|
81
Allspring Global Investments
Charlotte,
North Carolina
| – | -$64.2K | -3,109 | Closed |
|
82
Osaic Holdings
Scottsdale,
Arizona
| – | -$2.15K | -104 | Closed |
|
|
FHA
83
First Horizon Advisors
Memphis,
Tennessee
| – | -$1.09K | -53 | Closed |
|
84
Barclays
London,
United Kingdom
| – | -$1.03K | -50 | Closed |
|
SMMF Hedge Fund Activity: Q3 2023 in Review
75 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q3 2023, worth a combined $95.1M — up 11% from $86M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new SMMF positions and 9 closed out — a net gain of 1 holder — while 21 added to existing stakes and 23 trimmed.
The largest buyer was EJF Capital, opening a new position worth an estimated $2.87M. The largest seller was River Oaks Capital, cutting an estimated $2.48M.
- 75 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q3 2023, unchanged from Q2 2023.
- Funds reported $95.1M of Summit Financial Group, Inc. stock for Q3 2023, up 11% quarter-over-quarter.
- 10 funds opened new Summit Financial Group, Inc. positions in Q3 2023 and 9 closed out, a net change of +1 holder.
- The largest Summit Financial Group, Inc. buyer in Q3 2023 was EJF Capital, an estimated $2.87M added.
- The largest Summit Financial Group, Inc. seller in Q3 2023 was River Oaks Capital, an estimated $2.48M sold.
Based on aggregated 13F filings for Q3 2023.