Coastal Financial
119 hedge funds and large institutions have $308M invested in Coastal Financial in 2024 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 41 increasing their positions, 41 reducing their positions, and 13 closing their positions.
46% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 13
3% more funds holding
Funds holding: 116 → 119 (+3)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 41
1.14% less ownership
Funds ownership: 60.71% → 59.57% (-1.1%)
14% less capital invested
Capital invested by funds: $358M → $308M (-$50.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jacobs Asset Management
New York
|
+$4.47M |
| 2 |
Millennium Management
New York
|
+$3.1M |
| 3 |
PFO
PMC FIG Opportunities
Jerusalem,
Israel
|
+$2.38M |
| 4 |
BFM
Boothbay Fund Management
New York
|
+$2.37M |
| 5 |
Franklin Resources
San Mateo,
California
|
+$2.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$5.86M |
| 2 |
CCM
Carlson Capital Management
Northfield,
Minnesota
|
-$3.08M |
| 3 |
RHCA
Rosenthal Henry Capital Advisors
Mishawaka,
Indiana
|
-$2.74M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$2.38M |
| 5 |
Morgan Stanley
New York
|
-$1.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RJA
126
Raymond James & Associates
St Petersburg,
Florida
| – | -$224K | -5,041 | Closed |
|
127
D.E. Shaw & Co
New York
| – | -$217K | -4,876 | Closed |
|
128
VOYA Investment Management
Atlanta,
Georgia
| – | -$216K | -4,869 | Closed |
|
129
SG Americas Securities
New York
| – | -$177K | -3,978 | Closed |
|
|
WTG
130
West Tower Group
Richmond,
Virginia
| – | -$35.1K | -790 | Closed |
|
|
QT
131
Quantbot Technologies
New York
| – | -$29.2K | -657 | Closed |
|
132
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | +$277 | +7 | New |
|
CCB Hedge Fund Activity: Q1 2024 in Review
119 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Coastal Financial (CCB) for Q1 2024, worth a combined $308M — down 14% from $358M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new CCB positions and 13 closed out — a net gain of 6 holders — while 41 added to existing stakes and 41 trimmed.
The largest buyer was Jacobs Asset Management, adding an estimated $4.47M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $5.86M.
- 119 institutional investors held Coastal Financial (CCB) as of Q1 2024, up from 116 in Q4 2023.
- Funds reported $308M of Coastal Financial stock for Q1 2024, down 14% quarter-over-quarter.
- 19 funds opened new Coastal Financial positions in Q1 2024 and 13 closed out, a net change of +6 holders.
- The largest Coastal Financial buyer in Q1 2024 was Jacobs Asset Management, an estimated $4.47M added.
- The largest Coastal Financial seller in Q1 2024 was Manulife (Manufacturers Life Insurance), an estimated $5.86M sold.
Based on aggregated 13F filings for Q1 2024.