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Summit State Bank
SSBI

21 hedge funds and large institutions have $16.9M invested in Summit State Bank in 2023 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 2 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 2

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

5% more funds holding

Funds holding: 20 → 21 (+1)

0.57% more ownership

Funds ownership: 20.1% → 20.67% (+0.57%)

22% less capital invested

Capital invested by funds: $21.7M → $16.9M (-$4.78M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
21
Holders Change
+1
Holders Change %
+5%
% of All Funds
0.31%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
3
Increased
10
Reduced
2
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$278K
2
Northern Trust
Northern Trust
Illinois
+$171K
3
CSC
Caldwell Sutter Capital
California
+$133K
4
Morgan Stanley
Morgan Stanley
New York
+$82.2K
5
BCM
Bridgeway Capital Management
Texas
+$24.4K

Top Sellers

Rank Fund Capital Flow
1
Bank of New York Mellon
Bank of New York Mellon
New York
-$279K
2
TRCT
Tower Research Capital (TRC)
New York
-$8.95K
3
BlackRock
BlackRock
New York
-$2.04K
Name Holding Trade Value Shares
Change 		Change in
Stake
BFC
1
Banc Funds Company
Illinois
$5.41M – – –
Vanguard Group
2
Vanguard Group
Pennsylvania
$3.42M – – –
CSC
3
Caldwell Sutter Capital
California
$2.55M +$133K +9,799 +5%
TCPWM
4
Traverso Chambers Private Wealth Management
California
$1.06M – – –
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$815K +$15.1K +1,112 +2%
BCM
6
Bridgeway Capital Management
Texas
$718K +$24.4K +1,799 +3%
BG
7
Benedetti & Gucer
Georgia
$595K +$6.13K +452 +0.9%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$561K – – –
SM
9
Salzhauer Michael
$531K +$19K +1,400 +3%
EF
10
Empowered Funds
Pennsylvania
$252K +$24.4K +1,799 +9%
Citadel Advisors
11
Citadel Advisors
Florida
$246K +$278K +20,472 New
State Street
12
State Street
Massachusetts
$167K – – –
BlackRock
13
BlackRock
New York
$164K -$2.04K -150 -1%
Northern Trust
14
Northern Trust
Illinois
$155K +$171K +12,573 New
Morgan Stanley
15
Morgan Stanley
New York
$144K +$82.2K +6,058 +108%
Osaic Holdings
16
Osaic Holdings
Arizona
$72.3K – – –
TRCT
17
Tower Research Capital (TRC)
New York
$18.4K -$8.95K -660 -31%
UBS Group
18
UBS Group
Switzerland
$7.93K +$6.46K +476 +282%
A
19
AJOVista
Massachusetts
$7.2K +$7.94K +585 New
Wells Fargo
20
Wells Fargo
California
$456 +$27 +2 +6%
Bank of America
21
Bank of America
North Carolina
$37 +$14 +1 +50%
Bank of New York Mellon
22
Bank of New York Mellon
New York
– -$279K -17,373 Closed

SSBI Hedge Fund Activity: Q4 2023 in Review

21 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Summit State Bank (SSBI) for Q4 2023, worth a combined $16.9M — down 22% from $21.7M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new SSBI positions and 2 closed out — a net gain of 1 holder — while 10 added to existing stakes and 2 trimmed.

The largest buyer was Citadel Advisors, opening a new position worth an estimated $278K. The largest seller was Bank of New York Mellon, exiting entirely with an estimated $279K sold.

  • 21 institutional investors held Summit State Bank (SSBI) as of Q4 2023, up from 20 in Q3 2023.
  • Funds reported $16.9M of Summit State Bank stock for Q4 2023, down 22% quarter-over-quarter.
  • 3 funds opened new Summit State Bank positions in Q4 2023 and 2 closed out, a net change of +1 holder.
  • The largest Summit State Bank buyer in Q4 2023 was Citadel Advisors, an estimated $278K added.
  • The largest Summit State Bank seller in Q4 2023 was Bank of New York Mellon, an estimated $279K sold.

Based on aggregated 13F filings for Q4 2023.