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Coastal Financial
CCB

117 hedge funds and large institutions have $333M invested in Coastal Financial in 2023 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 36 increasing their positions, 39 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 10

15% more capital invested

Capital invested by funds: $290M → $333M (+$43.1M)

7% more funds holding

Funds holding: 109 → 117 (+8)

0.49% more ownership

Funds ownership: 58.05% → 58.55% (+0.49%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

8% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 39

31% less call options, than puts

Call options by funds: $206K | Put options by funds: $300K

Holders
117
Holders Change
+8
Holders Change %
+7.34%
% of All Funds
1.86%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
18
Increased
36
Reduced
39
Closed
10
Calls
$206K
Puts
$300K
Net Calls
-$94K
Net Calls Change
-$94K

Top Buyers

1
Invesco
Invesco
Georgia
+$2.64M
2
SCA
Stieven Capital Advisors
Missouri
+$2.4M
3
GKIM
GW&K Investment Management
Massachusetts
+$2.4M
4
PAIM
Punch & Associates Investment Management
Minnesota
+$2.26M
5
KCM
Kennedy Capital Management
Missouri
+$1.68M

Top Sellers

1
HIM
Harbour Investment Management
Washington
-$3.89M
2
EC
EJF Capital
Virginia
-$1.76M
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$1.44M
4
Renaissance Technologies
Renaissance Technologies
New York
-$943K
5
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$879K
Name Holding Trade Value Shares
Change 		Change in
Stake
Jane Street
126
Jane Street
New York
– -$203K -5,391 Closed
BWM
127
Baystate Wealth Management
Massachusetts
– -$7.61K -202 Closed
2 3 4 5
6

CCB Hedge Fund Activity: Q3 2023 in Review

117 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Coastal Financial (CCB) for Q3 2023, worth a combined $333M — up 15% from $290M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new CCB positions and 10 closed out — a net gain of 8 holders — while 36 added to existing stakes and 39 trimmed.

The largest buyer was Invesco, adding an estimated $2.64M. The largest seller was Harbour Investment Management, exiting entirely with an estimated $3.89M sold.

  • 117 institutional investors held Coastal Financial (CCB) as of Q3 2023, up from 109 in Q2 2023.
  • Funds reported $333M of Coastal Financial stock for Q3 2023, up 15% quarter-over-quarter.
  • 18 funds opened new Coastal Financial positions in Q3 2023 and 10 closed out, a net change of +8 holders.
  • The largest Coastal Financial buyer in Q3 2023 was Invesco, an estimated $2.64M added.
  • The largest Coastal Financial seller in Q3 2023 was Harbour Investment Management, an estimated $3.89M sold.

Based on aggregated 13F filings for Q3 2023.