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SMMF

Summit Financial Group, Inc.
SMMF

Delisted

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

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70 hedge funds and large institutions have $88.8M invested in Summit Financial Group, Inc. in 2022 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 26 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 18

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 73 → 70 (-3)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

17% less capital invested

Capital invested by funds: $107M → $88.8M (-$18.3M)

Holders
70
Holders Change
-3
Holders Change %
-4.11%
% of All Funds
1.13%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
6
Increased
26
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$1.01M
2
Invesco
Invesco
Georgia
+$470K
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$442K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$301K
5
Citadel Advisors
Citadel Advisors
Florida
+$290K

Top Sellers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
-$2.73M
2
EI
EAM Investors
California
-$1.25M
3
Bank of New York Mellon
Bank of New York Mellon
New York
-$633K
4
SFG
Summit Financial Group
West Virginia
-$523K
5
Renaissance Technologies
Renaissance Technologies
New York
-$262K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$18.8M +$1.01M +36,635 +5%
Vanguard Group
2
Vanguard Group
Pennsylvania
$12.1M +$75.4K +2,734 +0.6%
SFG
3
Summit Financial Group
West Virginia
$5.97M -$523K -18,964 -7%
Renaissance Technologies
4
Renaissance Technologies
New York
$5.38M -$262K -9,503 -4%
State Street
5
State Street
Massachusetts
$5.07M +$187K +6,776 +3%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$4.83M +$71.4K +2,591 +1%
BCM
7
Bridgeway Capital Management
Texas
$2.81M – – –
ROC
8
River Oaks Capital
Minnesota
$2.8M – – –
Northern Trust
9
Northern Trust
Illinois
$2.75M -$20.4K -739 -0.7%
PH
10
Pinnacle Holdings
Oklahoma
$2.28M -$17.1K -621 -0.7%
VCA
11
Verdence Capital Advisors
Maryland
$2.15M – – –
Acadian Asset Management
12
Acadian Asset Management
Massachusetts
$2.01M +$83.6K +3,032 +4%
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$1.73M +$301K +10,934 +19%
American Century Companies
14
American Century Companies
Missouri
$1.52M +$17.5K +634 +1%
Millennium Management
15
Millennium Management
New York
$1.21M -$23.2K -842 -2%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$1.19M -$633K -22,969 -32%
Fifth Third Bancorp
17
Fifth Third Bancorp
Ohio
$1.18M – – –
PAM
18
Panagora Asset Management
Massachusetts
$842K -$2.12K -77 -0.2%
AWM
19
Axxcess Wealth Management
California
$815K -$81.9K -2,973 -8%
BCM
20
BHZ Capital Management
California
$812K – – –
PRCP
21
Pacific Ridge Capital Partners
Oregon
$792K +$226K +8,200 +35%
Charles Schwab
22
Charles Schwab
California
$754K +$66.8K +2,424 +9%
N
23
Nuveen
North Carolina
$743K -$125K -4,539 -13%
LSV Asset Management
24
LSV Asset Management
Illinois
$717K – – –
Russell Investments Group
25
Russell Investments Group
United Kingdom
$622K – – –
1
2 3 4

SMMF Hedge Fund Activity: Q4 2022 in Review

70 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q4 2022, worth a combined $88.8M — down 17% from $107M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of SMMF and 6 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 26 added.

The largest buyer was BlackRock, adding an estimated $1.01M. The largest seller was Fourthstone LLC, exiting entirely with an estimated $2.73M sold.

  • 70 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q4 2022, down from 73 in Q3 2022.
  • Funds reported $88.8M of Summit Financial Group, Inc. stock for Q4 2022, down 17% quarter-over-quarter.
  • 6 funds opened new Summit Financial Group, Inc. positions in Q4 2022 and 7 closed out, a net change of -1 holder.
  • The largest Summit Financial Group, Inc. buyer in Q4 2022 was BlackRock, an estimated $1.01M added.
  • The largest Summit Financial Group, Inc. seller in Q4 2022 was Fourthstone LLC, an estimated $2.73M sold.

Based on aggregated 13F filings for Q4 2022.