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Blue Ridge Bankshares
BRBS

58 hedge funds and large institutions have $72.7M invested in Blue Ridge Bankshares in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 18

0.66% more ownership

Funds ownership: 37.03% → 37.69% (+0.66%)

2% less funds holding

Funds holding: 59 → 58 (-1)

15% less capital invested

Capital invested by funds: $85.8M → $72.7M (-$13M)

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

Holders
58
Holders Change
-1
Holders Change %
-1.69%
% of All Funds
0.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
21
Reduced
18
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$1.43M
2
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$500K
3
FL
Fourthstone LLC
Missouri
+$378K
4
Morgan Stanley
Morgan Stanley
New York
+$281K
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$123K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$440K
2
Goldman Sachs
Goldman Sachs
New York
-$278K
3
BlackRock
BlackRock
New York
-$174K
4
GJL
Gendell Jeffrey L
-$165K
5
Two Sigma Investments
Two Sigma Investments
New York
-$143K
Name Holding Trade Value Shares
Change 		Change in
Stake
BFC
1
Banc Funds Company
Illinois
$11.5M – – –
FL
2
Fourthstone LLC
Missouri
$10.9M +$378K +31,884 +3%
BlackRock
3
BlackRock
New York
$10.2M -$174K -14,653 -1%
Vanguard Group
4
Vanguard Group
Pennsylvania
$9.12M +$1.43M +120,678 +16%
AllianceBernstein
5
AllianceBernstein
Tennessee
$4.42M +$34.4K +2,900 +0.7%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$2.98M +$123K +10,368 +4%
PU
7
Petiole USA
New York
$2.8M – – –
State Street
8
State Street
Massachusetts
$2.72M +$12.8K +1,076 +0.4%
CCM
9
Cutler Capital Management
Massachusetts
$2.41M +$65.3K +5,500 +2%
SCP
10
Siena Capital Partners
Illinois
$2.03M – – –
Dimensional Fund Advisors
11
Dimensional Fund Advisors
Texas
$1.95M +$500K +42,102 +28%
HWA
12
Heritage Wealth Advisors
Virginia
$1.53M +$12 +1 +0%
Northern Trust
13
Northern Trust
Illinois
$1.34M -$23.8K -2,004 -2%
BCM
14
Bridgeway Capital Management
Texas
$1.05M +$15.6K +1,315 +1%
GJL
15
Gendell Jeffrey L
$1M -$165K -13,919 -12%
Millennium Management
16
Millennium Management
New York
$780K -$77.1K -6,500 -8%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$735K -$8.53K -719 -1%
LSV Asset Management
18
LSV Asset Management
Illinois
$587K – – –
N
19
Nuveen
North Carolina
$573K -$59.8K -5,041 -8%
Morgan Stanley
20
Morgan Stanley
New York
$490K +$281K +23,677 +97%
Charles Schwab
21
Charles Schwab
California
$449K – – –
SO
22
STRS Ohio
Ohio
$348K – – –
Royal Bank of Canada
23
Royal Bank of Canada
Ontario, Canada
$280K -$21.5K -1,808 -6%
RhumbLine Advisers
24
RhumbLine Advisers
Massachusetts
$270K -$119 -10 -0%
AC
25
Aristides Capital
Kentucky
$231K – – –
1
2 3

BRBS Hedge Fund Activity: Q1 2023 in Review

58 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Blue Ridge Bankshares (BRBS) for Q1 2023, worth a combined $72.7M — down 15% from $85.8M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of BRBS and 3 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 21 added.

The largest buyer was Vanguard Group, adding an estimated $1.43M. The largest seller was Invesco, exiting entirely with an estimated $440K sold.

  • 58 institutional investors held Blue Ridge Bankshares (BRBS) as of Q1 2023, down from 59 in Q4 2022.
  • Funds reported $72.7M of Blue Ridge Bankshares stock for Q1 2023, down 15% quarter-over-quarter.
  • 3 funds opened new Blue Ridge Bankshares positions in Q1 2023 and 4 closed out, a net change of -1 holder.
  • The largest Blue Ridge Bankshares buyer in Q1 2023 was Vanguard Group, an estimated $1.43M added.
  • The largest Blue Ridge Bankshares seller in Q1 2023 was Invesco, an estimated $440K sold.

Based on aggregated 13F filings for Q1 2023.