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Chemung Financial Corp
CHMG

52 hedge funds and large institutions have $69M invested in Chemung Financial Corp in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 26 increasing their positions, 8 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

225% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 8

16% more capital invested

Capital invested by funds: $59.4M → $69M (+$9.57M)

0.19% more ownership

Funds ownership: 30.72% → 30.9% (+0.19%)

0% more funds holding

Funds holding: 52 → 52 (0)

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
52
Holders Change
–
Holders Change %
0%
% of All Funds
1.3%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
4
Increased
26
Reduced
8
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BCM
Basswood Capital Management
New York
+$3.01M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$1.5M
3
Renaissance Technologies
Renaissance Technologies
New York
+$491K
4
Macquarie Group
Macquarie Group
Australia
+$184K
5
Charles Schwab
Charles Schwab
California
+$184K

Top Sellers

Rank Fund Capital Flow
1
MI
M3F Inc
Utah
-$3.72M
2
CCT
Chemung Canal Trust
New York
-$1.47M
3
EGA
Eagle Global Advisors
Texas
-$252K
4
BCM
Bridgeway Capital Management
Texas
-$231K
5
JGUA
John G. Ullman & Associates
New York
-$223K
Name Holding Trade Value Shares
Change 		Change in
Stake
JP Morgan Chase
26
JP Morgan Chase
New York
$309K +$49.8K +1,220 +22%
California Public Employees Retirement System
27
California Public Employees Retirement System
California
$259K – – –
California State Teachers Retirement System (CalSTRS)
28
California State Teachers Retirement System (CalSTRS)
California
$254K -$12.2K -300 -5%
TA
29
Teachers Advisors
New York
$252K – – –
NFA
30
Nationwide Fund Advisors
Ohio
$244K +$77.5K +1,900 +58%
SIM
31
Spark Investment Management
New York
$226K -$20.4K -500 -9%
Macquarie Group
32
Macquarie Group
Australia
$213K +$184K +4,516 New
Charles Schwab
33
Charles Schwab
California
$212K +$184K +4,500 New
New York State Common Retirement Fund
34
New York State Common Retirement Fund
New York
$160K – – –
Manulife (Manufacturers Life Insurance)
35
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$131K +$113K +2,761 +10,226%
Acadian Asset Management
36
Acadian Asset Management
Massachusetts
$126K +$62.8K +1,541 +133%
Bessemer Group
37
Bessemer Group
New Jersey
$108K – – –
AIG
38
American International Group
New York
$101K +$6.57K +161 +8%
Citigroup
39
Citigroup
New York
$79K +$15.6K +382 +29%
Russell Investments Group
40
Russell Investments Group
United Kingdom
$77K – – –
Royal Bank of Canada
41
Royal Bank of Canada
Ontario, Canada
$43K +$6.08K +149 +20%
Federated Hermes
42
Federated Hermes
Pennsylvania
$25K +$10.7K +263 +100%
Legal & General Group
43
Legal & General Group
United Kingdom
$22K – – –
CCMH
44
Cornerstone Capital Management Holdings
New York
$18K +$12.2K +300 +300%
UBS Group
45
UBS Group
Switzerland
$17K +$15K +369 New
BNP Paribas Financial Markets
46
BNP Paribas Financial Markets
France
$16.2K -$856 -21 -6%
MAM
47
Meeder Asset Management
Ohio
$15K +$9.87K +242 +288%
AIP
48
Ameritas Investment Partners
Nebraska
$9K – – –
Bank of America
49
Bank of America
North Carolina
$9K +$8.12K +199 +19,900%
VIA
50
Vantage Investment Advisors
Pennsylvania
$5K – – –
1
2
3

CHMG Hedge Fund Activity: Q3 2017 in Review

52 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Chemung Financial Corp (CHMG) for Q3 2017, worth a combined $69M — up 16% from $59.4M a quarter earlier.

Fund positioning in CHMG was balanced in Q3 2017: 4 funds opened new positions, 4 closed out, 26 added to existing stakes and 8 trimmed.

The largest buyer was Basswood Capital Management, adding an estimated $3.01M. The largest seller was M3F Inc, cutting an estimated $3.72M.

  • 52 institutional investors held Chemung Financial Corp (CHMG) as of Q3 2017, unchanged from Q2 2017.
  • Funds reported $69M of Chemung Financial Corp stock for Q3 2017, up 16% quarter-over-quarter.
  • 4 funds opened new Chemung Financial Corp positions in Q3 2017 and 4 closed out, a net change of 0 holders.
  • The largest Chemung Financial Corp buyer in Q3 2017 was Basswood Capital Management, an estimated $3.01M added.
  • The largest Chemung Financial Corp seller in Q3 2017 was M3F Inc, an estimated $3.72M sold.

Based on aggregated 13F filings for Q3 2017.