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SMMF

Summit Financial Group, Inc.
SMMF

Delisted

SMMF was delisted on the 2nd of May, 2024.

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41 hedge funds and large institutions have $27.7M invested in Summit Financial Group, Inc. in 2016 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 12 increasing their positions, 5 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 5

72% more capital invested

Capital invested by funds: $16.1M → $27.7M (+$11.6M)

50% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 10

11% more funds holding

Funds holding: 37 → 41 (+4)

Holders
41
Holders Change
+4
Holders Change %
+10.81%
% of All Funds
1.09%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
12
Reduced
5
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BFA
BlackRock Fund Advisors
California
+$3.85M
2
Northern Trust
Northern Trust
Illinois
+$1.35M
3
State Street
State Street
Massachusetts
+$1.25M
4
BIT
BlackRock Institutional Trust
California
+$836K
5
Renaissance Technologies
Renaissance Technologies
New York
+$763K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$245K
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$230K
3
Goldman Sachs
Goldman Sachs
New York
-$214K
4
Millennium Management
Millennium Management
New York
-$214K
5
Morgan Stanley
Morgan Stanley
New York
-$194K
Name Holding Trade Value Shares
Change 		Change in
Stake
GJL
1
Gendell Jeffrey L
$4.55M -$43.3K -2,444 -0.9%
BFA
2
BlackRock Fund Advisors
California
$3.83M +$3.85M +217,330 +13,985%
PH
3
Pinnacle Holdings
Oklahoma
$2M – – –
Renaissance Technologies
4
Renaissance Technologies
New York
$1.97M +$763K +43,038 +62%
Vanguard Group
5
Vanguard Group
Pennsylvania
$1.75M +$339K +19,096 +24%
Northern Trust
6
Northern Trust
Illinois
$1.33M +$1.35M +75,878 New
HighTower Advisors
7
HighTower Advisors
Illinois
$1.26M -$18.7K -1,057 -1%
State Street
8
State Street
Massachusetts
$1.24M +$1.25M +70,621 New
UBWV
9
United Bank (West Virginia)
West Virginia
$1.17M +$6.84K +386 +0.6%
PTC
10
Philadelphia Trust Company
Pennsylvania
$1.08M – – –
BIT
11
BlackRock Institutional Trust
California
$974K +$836K +47,123 +551%
Fifth Third Bancorp
12
Fifth Third Bancorp
Ohio
$816K – – –
BIM
13
BlackRock Investment Management
Delaware
$571K +$553K +31,205 +2,213%
TCIM
14
TIAA CREF Investment Management
New York
$474K +$480K +27,064 New
MCM
15
Maryland Capital Management
Maryland
$455K – – –
BCM
16
Bridgeway Capital Management
Texas
$413K +$1.77K +100 +0.4%
California Public Employees Retirement System
17
California Public Employees Retirement System
California
$353K – – –
Geode Capital Management
18
Geode Capital Management
Massachusetts
$332K +$337K +18,991 New
Dimensional Fund Advisors
19
Dimensional Fund Advisors
Texas
$311K +$315K +17,787 New
California State Teachers Retirement System (CalSTRS)
20
California State Teachers Retirement System (CalSTRS)
California
$306K +$310K +17,466 New
ZIM
21
Zacks Investment Management
Illinois
$301K – – –
Bank of New York Mellon
22
Bank of New York Mellon
New York
$285K +$289K +16,279 New
BC
23
Burney Company
Virginia
$231K – – –
TA
24
Teachers Advisors
New York
$226K +$229K +12,901 New
Charles Schwab
25
Charles Schwab
California
$224K +$227K +12,800 New
1
2 3

SMMF Hedge Fund Activity: Q2 2016 in Review

41 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q2 2016, worth a combined $27.7M — up 72% from $16.1M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new SMMF positions and 10 closed out — a net gain of 5 holders — while 12 added to existing stakes and 5 trimmed.

The largest buyer was BlackRock Fund Advisors, adding an estimated $3.85M. The largest seller was UBS Group, exiting entirely with an estimated $245K sold.

  • 41 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q2 2016, up from 37 in Q1 2016.
  • Funds reported $27.7M of Summit Financial Group, Inc. stock for Q2 2016, up 72% quarter-over-quarter.
  • 15 funds opened new Summit Financial Group, Inc. positions in Q2 2016 and 10 closed out, a net change of +5 holders.
  • The largest Summit Financial Group, Inc. buyer in Q2 2016 was BlackRock Fund Advisors, an estimated $3.85M added.
  • The largest Summit Financial Group, Inc. seller in Q2 2016 was UBS Group, an estimated $245K sold.

Based on aggregated 13F filings for Q2 2016.