Summit State Bank
SSBI
25 hedge funds and large institutions have $9.79M invested in Summit State Bank in 2019 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 2 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
0.46% less ownership
Funds ownership: 16.14% → 15.68% (-0.46%)
4% less capital invested
Capital invested by funds: $10.2M → $9.79M (-$428K)
4% less funds holding
Funds holding: 26 → 25 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$128K |
| 2 |
BCM
BHZ Capital Management
San Jose,
California
|
+$32.5K |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$20.3K |
| 4 |
WS
Wedbush Securities
Los Angeles,
California
|
+$12K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$5.55K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$244K |
| 2 |
CCM
Cutler Capital Management
Worcester,
Massachusetts
|
-$139K |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$63.5K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$24.6K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$18K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
UBS Group
Zurich,
Switzerland
| – | -$18K | -1,713 | Closed |
|
27
Citigroup
New York
| – | -$1K | -69 | Closed |
|
SSBI Hedge Fund Activity: Q1 2019 in Review
25 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Summit State Bank (SSBI) for Q1 2019, worth a combined $9.79M — down 4.2% from $10.2M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of SSBI and 1 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 8 added.
The largest buyer was Banc Funds Company, adding an estimated $128K. The largest seller was Vanguard Group, cutting an estimated $244K.
- 25 institutional investors held Summit State Bank (SSBI) as of Q1 2019, down from 26 in Q4 2018.
- Funds reported $9.79M of Summit State Bank stock for Q1 2019, down 4.2% quarter-over-quarter.
- 1 fund opened new Summit State Bank positions in Q1 2019 and 2 closed out, a net change of -1 holder.
- The largest Summit State Bank buyer in Q1 2019 was Banc Funds Company, an estimated $128K added.
- The largest Summit State Bank seller in Q1 2019 was Vanguard Group, an estimated $244K sold.
Based on aggregated 13F filings for Q1 2019.