Summit State Bank
SSBI
21 hedge funds and large institutions have $18.4M invested in Summit State Bank in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 3 closing their positions.
203% more capital inflows, than outflows
Capital inflows: $2.61M | Capital outflows: $860K
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
1.7% more ownership
Funds ownership: 18.16% → 19.87% (+1.7%)
0% more funds holding
Funds holding: 21 → 21 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Benedetti & Gucer
Atlanta,
Georgia
|
+$729K |
| 2 |
Caldwell Sutter Capital
Sausalito,
California
|
+$400K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$192K |
| 4 |
Banc Funds Company
Chicago,
Illinois
|
+$186K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$96.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BHZ Capital Management
San Jose,
California
|
-$582K |
| 2 |
Renaissance Technologies
New York
|
-$178K |
| 3 |
NewEdge Advisors
New Orleans,
Louisiana
|
-$63.9K |
| 4 |
Bridgeway Capital Management
Houston,
Texas
|
-$13.2K |
| 5 |
TCPWM
Traverso Chambers Private Wealth Management
Santa Rosa,
California
|
-$10.8K |
SSBI Hedge Fund Activity: Q1 2023 in Review
21 of the 6,290 institutional investors tracked by Wall St. Rank reported a position in Summit State Bank (SSBI) for Q1 2023, worth a combined $18.4M — down 4% from $19.2M a quarter earlier.
Fund positioning in SSBI was balanced in Q1 2023: 3 funds opened new positions, 3 closed out, 6 added to existing stakes and 5 trimmed.
The largest buyer was Benedetti & Gucer, opening a new position worth an estimated $729K. The largest seller was BHZ Capital Management, cutting an estimated $582K.
- 21 institutional investors held Summit State Bank (SSBI) as of Q1 2023, unchanged from Q4 2022.
- Funds reported $18.4M of Summit State Bank stock for Q1 2023, down 4% quarter-over-quarter.
- 3 funds opened new Summit State Bank positions in Q1 2023 and 3 closed out, a net change of 0 holders.
- The largest Summit State Bank buyer in Q1 2023 was Benedetti & Gucer, an estimated $729K added.
- The largest Summit State Bank seller in Q1 2023 was BHZ Capital Management, an estimated $582K sold.
Based on aggregated 13F filings for Q1 2023.