Carter Bankshares
CARE
74 hedge funds and large institutions have $68.2M invested in Carter Bankshares in 2020 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 25 increasing their positions, 20 reducing their positions, and 12 closing their positions.
42% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 12
25% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 20
7% more funds holding
Funds holding: 69 → 74 (+5)
1.8% less ownership
Funds ownership: 33.91% → 32.11% (-1.8%)
17% less capital invested
Capital invested by funds: $81.9M → $68.2M (-$13.7M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$2.8M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$995K |
| 3 |
Millennium Management
New York
|
+$570K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$570K |
| 5 |
HCM
Huber Capital Management
El Segundo,
California
|
+$534K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Russell Investments Group
London,
United Kingdom
|
-$5.6M |
| 2 |
MFP
Michael F. Price
|
-$3.1M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$1.09M |
| 4 |
PC
Permanens Capital
New York
|
-$563K |
| 5 |
Swiss National Bank
Zurich,
Switzerland
|
-$422K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
Swiss National Bank
Zurich,
Switzerland
| – | -$422K | -46,000 | Closed |
|
|
SIC
77
Salem Investment Counselors
Winston Salem,
North Carolina
| – | -$237K | -25,850 | Closed |
|
78
Renaissance Technologies
New York
| – | -$124K | -13,487 | Closed |
|
|
MIM
79
MetLife Investment Management
Whippany,
New Jersey
| – | -$118K | -12,904 | Closed |
|
80
First Trust Advisors
Wheaton,
Illinois
| – | -$116K | -12,663 | Closed |
|
|
CS
81
Credit Suisse
Zurich,
Switzerland
| – | -$102K | -11,113 | Closed |
|
82
VOYA Investment Management
Atlanta,
Georgia
| – | -$101K | -11,044 | Closed |
|
|
MLICM
83
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$67.4K | -7,342 | Closed |
|
84
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$15K | -1,598 | Closed |
|
85
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$9K | -1,000 | Closed |
|
86
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$8K | -887 | Closed |
|
CARE Hedge Fund Activity: Q2 2020 in Review
74 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Carter Bankshares (CARE) for Q2 2020, worth a combined $68.2M — down 17% from $81.9M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new CARE positions and 12 closed out — a net gain of 5 holders — while 25 added to existing stakes and 20 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $2.8M. The largest seller was Russell Investments Group, cutting an estimated $5.6M.
- 74 institutional investors held Carter Bankshares (CARE) as of Q2 2020, up from 69 in Q1 2020.
- Funds reported $68.2M of Carter Bankshares stock for Q2 2020, down 17% quarter-over-quarter.
- 17 funds opened new Carter Bankshares positions in Q2 2020 and 12 closed out, a net change of +5 holders.
- The largest Carter Bankshares buyer in Q2 2020 was AllianceBernstein, an estimated $2.8M added.
- The largest Carter Bankshares seller in Q2 2020 was Russell Investments Group, an estimated $5.6M sold.
Based on aggregated 13F filings for Q2 2020.