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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
125
Holders Change
+6
Holders Change %
+5.04%
% of All Funds
1.81%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.06%
New
25
Increased
43
Reduced
38
Closed
17
Calls
–
Puts
$1.83M
Net Calls
-$1.83M
Net Calls Change
-$2.21M

Top Buyers

1
BlackRock
BlackRock
New York
+$9.36M
2
BFM
Boothbay Fund Management
New York
+$1.61M
3
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
+$1.32M
4
PFO
PMC FIG Opportunities
Israel
+$1.13M
5
American Century Companies
American Century Companies
Missouri
+$1.12M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$3.25M
2
CRC
Curi RMB Capital
Illinois
-$2.52M
3
MCA
Mendon Capital Advisors
Florida
-$2.52M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$992K
5
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$956K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$49.3M +$9.36M +222,466 +26%
T. Rowe Price Investment Management
2
T. Rowe Price Investment Management
Maryland
$41.6M +$1.32M +31,490 +4%
ECA
3
Endeavour Capital Advisors
Connecticut
$34.6M – – –
Vanguard Group
4
Vanguard Group
Pennsylvania
$26.5M -$992K -23,591 -4%
Manulife (Manufacturers Life Insurance)
5
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$16.7M -$956K -22,734 -6%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$16.6M +$863K +20,517 +6%
State Street
7
State Street
Massachusetts
$14.2M +$852K +20,250 +7%
GKIM
8
GW&K Investment Management
Massachusetts
$14.1M +$868K +20,629 +7%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$13.3M +$817K +19,417 +7%
KCM
10
Kennedy Capital Management
Missouri
$11.8M -$841K -19,997 -7%
AllianceBernstein
11
AllianceBernstein
Tennessee
$9.04M -$923K -21,941 -10%
JAM
12
Jacobs Asset Management
New York
$7.93M -$543K -12,905 -7%
ACM
13
Advisors Capital Management
New Jersey
$7.39M +$92K +2,186 +1%
BFM
14
Boothbay Fund Management
New York
$7.29M +$1.61M +38,193 +32%
American Century Companies
15
American Century Companies
Missouri
$6.52M +$1.12M +26,690 +23%
Northern Trust
16
Northern Trust
Illinois
$4.99M -$141K -3,350 -3%
PFO
17
PMC FIG Opportunities
Israel
$4.47M +$1.13M +26,807 +38%
BCI
18
Brinker Capital Investments
Pennsylvania
$4.17M -$309K -7,343 -8%
OPS
19
Orion Portfolio Solutions
Nebraska
$4.17M -$309K -7,343 -8%
EC
20
EJF Capital
Virginia
$4.03M +$125K +2,974 +4%
JP Morgan Chase
21
JP Morgan Chase
New York
$3.84M -$804K -19,118 -19%
State of Wisconsin Investment Board
22
State of Wisconsin Investment Board
Wisconsin
$3.11M -$14.4K -342 -0.5%
Stifel Financial
23
Stifel Financial
Missouri
$3.05M – – –
Envestnet Asset Management
24
Envestnet Asset Management
Illinois
$2.68M +$82.3K +1,956 +3%
PAIM
25
Punch & Associates Investment Management
Minnesota
$2.62M – – –
1
2 3 4 5

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.