Coastal Financial
109 hedge funds and large institutions have $290M invested in Coastal Financial in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 40 increasing their positions, 38 reducing their positions, and 22 closing their positions.
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
5% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 38
5% more capital invested
Capital invested by funds: $278M → $290M (+$12.7M)
0.29% less ownership
Funds ownership: 58.34% → 58.05% (-0.29%)
12% less funds holding
Funds holding: 124 → 109 (-15)
68% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
+$2.83M |
| 2 |
BlackRock
New York
|
+$2.1M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$1.85M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.48M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
-$3.6M |
| 2 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$839K |
| 3 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$839K |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$796K |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$749K |
CCB Hedge Fund Activity: Q2 2023 in Review
109 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Coastal Financial (CCB) for Q2 2023, worth a combined $290M — up 4.6% from $278M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of CCB and 7 opened new positions — a net loss of 15 holders — while 38 trimmed existing stakes and 40 added.
The largest buyer was GW&K Investment Management, adding an estimated $2.83M. The largest seller was EJF Capital, cutting an estimated $3.6M.
- 109 institutional investors held Coastal Financial (CCB) as of Q2 2023, down from 124 in Q1 2023.
- Funds reported $290M of Coastal Financial stock for Q2 2023, up 4.6% quarter-over-quarter.
- 7 funds opened new Coastal Financial positions in Q2 2023 and 22 closed out, a net change of -15 holders.
- The largest Coastal Financial buyer in Q2 2023 was GW&K Investment Management, an estimated $2.83M added.
- The largest Coastal Financial seller in Q2 2023 was EJF Capital, an estimated $3.6M sold.
Based on aggregated 13F filings for Q2 2023.