Summit State Bank
SSBI
23 hedge funds and large institutions have $20.9M invested in Summit State Bank in 2023 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 4 reducing their positions, and 2 closing their positions.
175% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 4
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
14% more capital invested
Capital invested by funds: $18.4M → $20.9M (+$2.52M)
10% more funds holding
Funds holding: 21 → 23 (+2)
0.87% more ownership
Funds ownership: 19.87% → 20.73% (+0.87%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Geode Capital Management
Boston,
Massachusetts
|
+$428K |
| 2 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$262K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$239K |
| 4 |
TCPWM
Traverso Chambers Private Wealth Management
Santa Rosa,
California
|
+$48.7K |
| 5 |
CSC
Caldwell Sutter Capital
Sausalito,
California
|
+$46.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
BHZ Capital Management
San Jose,
California
|
-$384K |
| 2 |
JIR
James Investment Research
Alpha,
Ohio
|
-$56K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$38.4K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$15.7K |
| 5 |
Bank of New York Mellon
New York
|
-$2.58K |
SSBI Hedge Fund Activity: Q2 2023 in Review
23 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Summit State Bank (SSBI) for Q2 2023, worth a combined $20.9M — up 14% from $18.4M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new SSBI positions and 2 closed out — a net gain of 2 holders — while 11 added to existing stakes and 4 trimmed.
The largest buyer was Geode Capital Management, adding an estimated $428K. The largest seller was BHZ Capital Management, exiting entirely with an estimated $384K sold.
- 23 institutional investors held Summit State Bank (SSBI) as of Q2 2023, up from 21 in Q1 2023.
- Funds reported $20.9M of Summit State Bank stock for Q2 2023, up 14% quarter-over-quarter.
- 4 funds opened new Summit State Bank positions in Q2 2023 and 2 closed out, a net change of +2 holders.
- The largest Summit State Bank buyer in Q2 2023 was Geode Capital Management, an estimated $428K added.
- The largest Summit State Bank seller in Q2 2023 was BHZ Capital Management, an estimated $384K sold.
Based on aggregated 13F filings for Q2 2023.