Carter Bankshares
CARE
81 hedge funds and large institutions have $145M invested in Carter Bankshares in 2023 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 28 increasing their positions, 21 reducing their positions, and 16 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 21
24% more capital invested
Capital invested by funds: $117M → $145M (+$27.8M)
2.09% more ownership
Funds ownership: 40.15% → 42.24% (+2.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less funds holding
Funds holding: 87 → 81 (-6)
38% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$3.44M |
| 2 |
Morgan Stanley
New York
|
+$2.14M |
| 3 |
BlackRock
New York
|
+$1.48M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.06M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$398K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Huber Capital Management
El Segundo,
California
|
-$1.83M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$1.19M |
| 3 |
BCM
BHZ Capital Management
San Jose,
California
|
-$1.1M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$609K |
| 5 |
VIA
Virtus Investment Advisers
Hartford,
Connecticut
|
-$332K |
CARE Hedge Fund Activity: Q4 2023 in Review
81 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Carter Bankshares (CARE) for Q4 2023, worth a combined $145M — up 24% from $117M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of CARE and 10 opened new positions — a net loss of 6 holders — while 21 trimmed existing stakes and 28 added.
The largest buyer was Fourthstone LLC, adding an estimated $3.44M. The largest seller was Huber Capital Management, cutting an estimated $1.83M.
- 81 institutional investors held Carter Bankshares (CARE) as of Q4 2023, down from 87 in Q3 2023.
- Funds reported $145M of Carter Bankshares stock for Q4 2023, up 24% quarter-over-quarter.
- 10 funds opened new Carter Bankshares positions in Q4 2023 and 16 closed out, a net change of -6 holders.
- The largest Carter Bankshares buyer in Q4 2023 was Fourthstone LLC, an estimated $3.44M added.
- The largest Carter Bankshares seller in Q4 2023 was Huber Capital Management, an estimated $1.83M sold.
Based on aggregated 13F filings for Q4 2023.