Summit State Bank
SSBI
25 hedge funds and large institutions have $13M invested in Summit State Bank in 2018 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
10% more capital invested
Capital invested by funds: $11.8M → $13M (+$1.13M)
4% more funds holding
Funds holding: 24 → 25 (+1)
0.74% less ownership
Funds ownership: 16.31% → 15.57% (-0.74%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
+$74.9K |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$50K |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$30K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$28.5K |
| 5 |
HCM
Hilton Capital Management
Garden City,
New York
|
+$18.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$276K |
| 2 |
Renaissance Technologies
New York
|
-$274K |
| 3 |
BCM
BHZ Capital Management
San Jose,
California
|
-$173K |
| 4 |
CCM
Cutler Capital Management
Worcester,
Massachusetts
|
-$50K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$36.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Renaissance Technologies
New York
| – | -$274K | -22,385 | Closed |
|
SSBI Hedge Fund Activity: Q2 2018 in Review
25 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Summit State Bank (SSBI) for Q2 2018, worth a combined $13M — up 9.5% from $11.8M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new SSBI positions and 1 closed out — a net gain of 1 holder — while 9 added to existing stakes and 6 trimmed.
The largest buyer was Dimensional Fund Advisors, adding an estimated $74.9K. The largest seller was Wells Fargo, cutting an estimated $276K.
- 25 institutional investors held Summit State Bank (SSBI) as of Q2 2018, up from 24 in Q1 2018.
- Funds reported $13M of Summit State Bank stock for Q2 2018, up 9.5% quarter-over-quarter.
- 2 funds opened new Summit State Bank positions in Q2 2018 and 1 closed out, a net change of +1 holder.
- The largest Summit State Bank buyer in Q2 2018 was Dimensional Fund Advisors, an estimated $74.9K added.
- The largest Summit State Bank seller in Q2 2018 was Wells Fargo, an estimated $276K sold.
Based on aggregated 13F filings for Q2 2018.