Summit State Bank
SSBI
17 hedge funds and large institutions have $18.2M invested in Summit State Bank in 2022 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 5 reducing their positions, and 3 closing their positions.
37% more capital invested
Capital invested by funds: $13.3M → $18.2M (+$4.89M)
3.08% more ownership
Funds ownership: 12.85% → 15.93% (+3.1%)
0% more funds holding
Funds holding: 17 → 17 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
40% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.12M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$243K |
| 3 |
Bank of New York Mellon
New York
|
+$235K |
| 4 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$65K |
| 5 |
SM
Salzhauer Michael
|
+$62.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$218K |
| 2 |
Renaissance Technologies
New York
|
-$60.1K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$30.4K |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
-$30K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$26.7K |
SSBI Hedge Fund Activity: Q1 2022 in Review
17 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Summit State Bank (SSBI) for Q1 2022, worth a combined $18.2M — up 37% from $13.3M a quarter earlier.
Fund positioning in SSBI was balanced in Q1 2022: 3 funds opened new positions, 3 closed out, 3 added to existing stakes and 5 trimmed.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $3.12M. The largest seller was Bridgeway Capital Management, cutting an estimated $218K.
- 17 institutional investors held Summit State Bank (SSBI) as of Q1 2022, unchanged from Q4 2021.
- Funds reported $18.2M of Summit State Bank stock for Q1 2022, up 37% quarter-over-quarter.
- 3 funds opened new Summit State Bank positions in Q1 2022 and 3 closed out, a net change of 0 holders.
- The largest Summit State Bank buyer in Q1 2022 was Wellington Management Group, an estimated $3.12M added.
- The largest Summit State Bank seller in Q1 2022 was Bridgeway Capital Management, an estimated $218K sold.
Based on aggregated 13F filings for Q1 2022.