Chemung Financial Corp
CHMG
30 hedge funds and large institutions have $28.5M invested in Chemung Financial Corp in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
25% more funds holding
Funds holding: 24 → 30 (+6)
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $29.7M → $28.5M (-$1.18M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$1.37M |
| 2 |
JGUA
John G. Ullman & Associates
Corning,
New York
|
+$717K |
| 3 |
Goldman Sachs
New York
|
+$478K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$378K |
| 5 |
Renaissance Technologies
New York
|
+$305K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.68M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.28M |
| 3 |
CNC
Citizens & Northern Corp
Wellsboro,
Pennsylvania
|
-$114K |
| 4 |
MCM
Maltese Capital Management
New York
|
-$90K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$28.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| $8K | +$8.57K | +315 | New |
|
|
VIA
27
Vantage Investment Advisors
State College,
Pennsylvania
| $3K | – | – | – |
|
28
Citigroup
New York
| $3K | +$3.37K | +124 | New |
|
29
Geode Capital Management
Boston,
Massachusetts
| $347 | +$25.4K | +935 | +8% |
|
|
MFS
30
MSI Financial Services
Springfield,
Massachusetts
| – | -$9K | -337 | Closed |
|
CHMG Hedge Fund Activity: Q1 2016 in Review
30 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Chemung Financial Corp (CHMG) for Q1 2016, worth a combined $28.5M — down 4% from $29.7M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new CHMG positions and 1 closed out — a net gain of 6 holders — while 8 added to existing stakes and 7 trimmed.
The largest buyer was M3F Inc, adding an estimated $1.37M. The largest seller was Wellington Management Group, cutting an estimated $1.68M.
- 30 institutional investors held Chemung Financial Corp (CHMG) as of Q1 2016, up from 24 in Q4 2015.
- Funds reported $28.5M of Chemung Financial Corp stock for Q1 2016, down 4% quarter-over-quarter.
- 7 funds opened new Chemung Financial Corp positions in Q1 2016 and 1 closed out, a net change of +6 holders.
- The largest Chemung Financial Corp buyer in Q1 2016 was M3F Inc, an estimated $1.37M added.
- The largest Chemung Financial Corp seller in Q1 2016 was Wellington Management Group, an estimated $1.68M sold.
Based on aggregated 13F filings for Q1 2016.