Summit State Bank
SSBI
19 hedge funds and large institutions have $14.4M invested in Summit State Bank in 2024 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 2 closing their positions.
0.73% less ownership
Funds ownership: 20.58% → 19.86% (-0.73%)
10% less funds holding
Funds holding: 21 → 19 (-2)
14% less capital invested
Capital invested by funds: $16.8M → $14.4M (-$2.42M)
33% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 9
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
MAI Capital Management
Independence,
Ohio
|
+$1.02M |
| 2 |
SM
Salzhauer Michael
|
+$33.4K |
| 3 |
CSC
Caldwell Sutter Capital
Sausalito,
California
|
+$17.5K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$16.9K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$3.25K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
-$252K |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$234K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$70.1K |
| 4 |
BG
Benedetti & Gucer
Atlanta,
Georgia
|
-$34.5K |
| 5 |
State Street
Boston,
Massachusetts
|
-$27K |
SSBI Hedge Fund Activity: Q1 2024 in Review
19 of the 6,959 institutional investors tracked by Wall St. Rank reported a position in Summit State Bank (SSBI) for Q1 2024, worth a combined $14.4M — down 14% from $16.8M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of SSBI and 1 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 6 added.
The largest buyer was MAI Capital Management, opening a new position worth an estimated $1.02M. The largest seller was Empowered Funds, exiting entirely with an estimated $252K sold.
- 19 institutional investors held Summit State Bank (SSBI) as of Q1 2024, down from 21 in Q4 2023.
- Funds reported $14.4M of Summit State Bank stock for Q1 2024, down 14% quarter-over-quarter.
- 1 fund opened new Summit State Bank positions in Q1 2024 and 2 closed out, a net change of -1 holder.
- The largest Summit State Bank buyer in Q1 2024 was MAI Capital Management, an estimated $1.02M added.
- The largest Summit State Bank seller in Q1 2024 was Empowered Funds, an estimated $252K sold.
Based on aggregated 13F filings for Q1 2024.