Summit Financial Group, Inc.
SMMF
SMMF was delisted on the 2nd of May, 2024.
70 hedge funds and large institutions have $81.8M invested in Summit Financial Group, Inc. in 2023 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 31 increasing their positions, 20 reducing their positions, and 5 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
55% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 20
0% more funds holding
Funds holding: 70 → 70 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
8% less capital invested
Capital invested by funds: $88.8M → $81.8M (-$7.06M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $222K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$565K |
| 2 |
ROC
River Oaks Capital
Wayzata,
Minnesota
|
+$426K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$404K |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
+$386K |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$334K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$454K |
| 2 |
BlackRock
New York
|
-$371K |
| 3 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$354K |
| 4 |
Cerity Partners
New York
|
-$249K |
| 5 |
BC
Burney Company
Reston,
Virginia
|
-$238K |
SMMF Hedge Fund Activity: Q1 2023 in Review
70 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Summit Financial Group, Inc. (SMMF) for Q1 2023, worth a combined $81.8M — down 7.9% from $88.8M a quarter earlier.
Fund positioning in SMMF was balanced in Q1 2023: 5 funds opened new positions, 5 closed out, 31 added to existing stakes and 20 trimmed.
The largest buyer was Millennium Management, adding an estimated $565K. The largest seller was Citadel Advisors, exiting entirely with an estimated $454K sold.
- 70 institutional investors held Summit Financial Group, Inc. (SMMF) as of Q1 2023, unchanged from Q4 2022.
- Funds reported $81.8M of Summit Financial Group, Inc. stock for Q1 2023, down 7.9% quarter-over-quarter.
- 5 funds opened new Summit Financial Group, Inc. positions in Q1 2023 and 5 closed out, a net change of 0 holders.
- The largest Summit Financial Group, Inc. buyer in Q1 2023 was Millennium Management, an estimated $565K added.
- The largest Summit Financial Group, Inc. seller in Q1 2023 was Citadel Advisors, an estimated $454K sold.
Based on aggregated 13F filings for Q1 2023.