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Carter Bankshares
CARE

51 hedge funds and large institutions have $124M invested in Carter Bankshares in 2019 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

271% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 7

59% more funds holding

Funds holding: 32 → 51 (+19)

51% more capital invested

Capital invested by funds: $81.7M → $124M (+$41.9M)

33% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 6

7.63% more ownership

Funds ownership: 16.16% → 23.79% (+7.6%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
51
Holders Change
+19
Holders Change %
+59.38%
% of All Funds
1.11%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
26
Increased
8
Reduced
6
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$24.9M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$7.85M
3
State Street
State Street
Massachusetts
+$5.99M
4
Geode Capital Management
Geode Capital Management
Massachusetts
+$4.17M
5
Charles Schwab
Charles Schwab
California
+$2.57M

Top Sellers

Rank Fund Capital Flow
1
FCM
FJ Capital Management
Virginia
-$5.44M
2
CRC
Curi RMB Capital
Illinois
-$4.91M
3
MCM
Maltese Capital Management
New York
-$1.93M
4
SV
Stilwell Value
New York
-$1.19M
5
MFP
Michael F. Price
-$1.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
FCM
1
FJ Capital Management
Virginia
$29.2M -$5.44M -278,857 -16%
BlackRock
2
BlackRock
New York
$25.2M +$24.9M +1,277,532 New
MFP
3
Michael F. Price
$16.5M -$1.07M -54,927 -6%
Vanguard Group
4
Vanguard Group
Pennsylvania
$7.95M +$7.85M +402,364 New
TAM
5
Third Avenue Management
New York
$6.67M – – –
State Street
6
State Street
Massachusetts
$6.06M +$5.99M +307,053 New
LBS
7
Lawrence B. Seidman
$5.64M – – –
Geode Capital Management
8
Geode Capital Management
Massachusetts
$4.23M +$4.17M +214,050 New
Charles Schwab
9
Charles Schwab
California
$2.6M +$2.57M +131,630 New
Stifel Financial
10
Stifel Financial
Missouri
$2.2M -$10.1K -518 -0.5%
PAIM
11
Punch & Associates Investment Management
Minnesota
$1.85M – – –
N
12
Nuveen
North Carolina
$1.77M +$1.75M +89,587 New
Bank of New York Mellon
13
Bank of New York Mellon
New York
$1.48M +$1.46M +74,715 New
BFC
14
Banc Funds Company
Illinois
$1.31M – – –
PC
15
Permanens Capital
New York
$1.18M +$195K +10,000 +20%
Northern Trust
16
Northern Trust
Illinois
$1.15M +$1.13M +57,928 New
Wells Fargo
17
Wells Fargo
California
$940K +$757K +38,811 +441%
California State Teachers Retirement System (CalSTRS)
18
California State Teachers Retirement System (CalSTRS)
California
$689K +$680K +34,870 New
SIC
19
Salem Investment Counselors
North Carolina
$643K +$635K +32,575 New
Acadian Asset Management
20
Acadian Asset Management
Massachusetts
$550K +$514K +26,374 +1,804%
First Manhattan
21
First Manhattan
New York
$543K – – –
RhumbLine Advisers
22
RhumbLine Advisers
Massachusetts
$525K +$518K +26,566 New
New York State Common Retirement Fund
23
New York State Common Retirement Fund
New York
$458K +$452K +23,200 New
HCM
24
Huber Capital Management
California
$348K -$412K -21,112 -55%
Bank of America
25
Bank of America
North Carolina
$326K +$185K +9,512 +136%
1
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CARE Hedge Fund Activity: Q2 2019 in Review

51 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Carter Bankshares (CARE) for Q2 2019, worth a combined $124M — up 51% from $81.7M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new CARE positions and 7 closed out — a net gain of 19 holders — while 8 added to existing stakes and 6 trimmed.

The largest buyer was BlackRock, opening a new position worth an estimated $24.9M. The largest seller was FJ Capital Management, cutting an estimated $5.44M.

  • 51 institutional investors held Carter Bankshares (CARE) as of Q2 2019, up from 32 in Q1 2019.
  • Funds reported $124M of Carter Bankshares stock for Q2 2019, up 51% quarter-over-quarter.
  • 26 funds opened new Carter Bankshares positions in Q2 2019 and 7 closed out, a net change of +19 holders.
  • The largest Carter Bankshares buyer in Q2 2019 was BlackRock, an estimated $24.9M added.
  • The largest Carter Bankshares seller in Q2 2019 was FJ Capital Management, an estimated $5.44M sold.

Based on aggregated 13F filings for Q2 2019.