Coastal Financial
124 hedge funds and large institutions have $278M invested in Coastal Financial in 2023 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 44 increasing their positions, 37 reducing their positions, and 25 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 37
0.89% less ownership
Funds ownership: 59.24% → 58.34% (-0.89%)
4% less funds holding
Funds holding: 129 → 124 (-5)
20% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 25
22% less capital invested
Capital invested by funds: $356M → $278M (-$78.5M)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OPS
Orion Portfolio Solutions
Omaha,
Nebraska
|
+$5.23M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.02M |
| 3 |
State Street
Boston,
Massachusetts
|
+$2.88M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.07M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$1.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.66M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$2.27M |
| 3 |
GPGA
Grandeur Peak Global Advisors
Salt Lake City,
Utah
|
-$2.17M |
| 4 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$2.12M |
| 5 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$1.76M |
CCB Hedge Fund Activity: Q1 2023 in Review
124 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Coastal Financial (CCB) for Q1 2023, worth a combined $278M — down 22% from $356M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of CCB and 20 opened new positions — a net loss of 5 holders — while 37 trimmed existing stakes and 44 added.
The largest buyer was Orion Portfolio Solutions, opening a new position worth an estimated $5.23M. The largest seller was Raymond James & Associates, exiting entirely with an estimated $2.66M sold.
- 124 institutional investors held Coastal Financial (CCB) as of Q1 2023, down from 129 in Q4 2022.
- Funds reported $278M of Coastal Financial stock for Q1 2023, down 22% quarter-over-quarter.
- 20 funds opened new Coastal Financial positions in Q1 2023 and 25 closed out, a net change of -5 holders.
- The largest Coastal Financial buyer in Q1 2023 was Orion Portfolio Solutions, an estimated $5.23M added.
- The largest Coastal Financial seller in Q1 2023 was Raymond James & Associates, an estimated $2.66M sold.
Based on aggregated 13F filings for Q1 2023.