Summit State Bank
SSBI
21 hedge funds and large institutions have $16.8M 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.
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)
0.49% more ownership
Funds ownership: 20.1% → 20.58% (+0.49%)
22% less capital invested
Capital invested by funds: $21.7M → $16.8M (-$4.85M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$278K |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$171K |
| 3 |
CSC
Caldwell Sutter Capital
Sausalito,
California
|
+$133K |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$24.4K |
| 5 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$24.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$279K |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
-$8.95K |
| 3 |
BlackRock
New York
|
-$2.04K |
SSBI Hedge Fund Activity: Q4 2023 in Review
21 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Summit State Bank (SSBI) for Q4 2023, worth a combined $16.8M — 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 $16.8M 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.