Coastal Financial
CCB
125 hedge funds and large institutions have $373M invested in Coastal Financial in 2024 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 43 increasing their positions, 38 reducing their positions, and 17 closing their positions.
47% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 17
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
21% more capital invested
Capital invested by funds: $308M → $373M (+$65.2M)
13% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 38
5% more funds holding
Funds holding: 119 → 125 (+6)
0.69% more ownership
Funds ownership: 59.57% → 60.25% (+0.69%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $1.83M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$9.36M |
| 2 |
BFM
Boothbay Fund Management
New York
|
+$1.61M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$1.32M |
| 4 |
PFO
PMC FIG Opportunities
Jerusalem,
Israel
|
+$1.13M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$3.25M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.52M |
| 3 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$2.52M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$992K |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$956K |
CCB Hedge Fund Activity: Q2 2024 in Review
125 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Coastal Financial (CCB) for Q2 2024, worth a combined $373M — up 21% from $308M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new CCB positions and 17 closed out — a net gain of 8 holders — while 43 added to existing stakes and 38 trimmed.
The largest buyer was BlackRock, adding an estimated $9.36M. The largest seller was Millennium Management, cutting an estimated $3.25M.
- 125 institutional investors held Coastal Financial (CCB) as of Q2 2024, up from 119 in Q1 2024.
- Funds reported $373M of Coastal Financial stock for Q2 2024, up 21% quarter-over-quarter.
- 25 funds opened new Coastal Financial positions in Q2 2024 and 17 closed out, a net change of +8 holders.
- The largest Coastal Financial buyer in Q2 2024 was BlackRock, an estimated $9.36M added.
- The largest Coastal Financial seller in Q2 2024 was Millennium Management, an estimated $3.25M sold.
Based on aggregated 13F filings for Q2 2024.