Summit Financial Group, Inc.
SMMF
SMMF was delisted on the 2nd of May, 2024.
62 hedge funds and large institutions have $70.3M invested in Summit Financial Group, Inc. in 2020 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 21 reducing their positions, and 5 closing their positions.
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
2% more funds holding
Funds holding: 61 → 62 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 21
23% less capital invested
Capital invested by funds: $91.5M → $70.3M (-$21.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$370K |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$354K |
| 3 |
Bank of New York Mellon
New York
|
+$306K |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$292K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$267K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Argent Capital Management
St Louis,
Missouri
|
-$1.26M |
| 2 |
Barclays
London,
United Kingdom
|
-$362K |
| 3 |
Morgan Stanley
New York
|
-$331K |
| 4 |
GJL
Gendell Jeffrey L
|
-$304K |
| 5 |
Renaissance Technologies
New York
|
-$269K |
SMMF Hedge Fund Activity: Q1 2020 in Review
62 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q1 2020, worth a combined $70.3M — down 23% from $91.5M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new SMMF positions and 5 closed out — a net gain of 1 holder — while 20 added to existing stakes and 21 trimmed.
The largest buyer was BlackRock, adding an estimated $370K. The largest seller was Argent Capital Management, cutting an estimated $1.26M.
- 62 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q1 2020, up from 61 in Q4 2019.
- Funds reported $70.3M of Summit Financial Group, Inc. stock for Q1 2020, down 23% quarter-over-quarter.
- 6 funds opened new Summit Financial Group, Inc. positions in Q1 2020 and 5 closed out, a net change of +1 holder.
- The largest Summit Financial Group, Inc. buyer in Q1 2020 was BlackRock, an estimated $370K added.
- The largest Summit Financial Group, Inc. seller in Q1 2020 was Argent Capital Management, an estimated $1.26M sold.
Based on aggregated 13F filings for Q1 2020.