Chemung Financial Corp
CHMG
57 hedge funds and large institutions have $70.2M invested in Chemung Financial Corp in 2018 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 22 increasing their positions, 14 reducing their positions, and 6 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 14
0.53% more ownership
Funds ownership: 33.94% → 34.47% (+0.53%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 59 → 57 (-2)
13% less capital invested
Capital invested by funds: $81.1M → $70.2M (-$10.9M)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$1.58M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$671K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$634K |
| 4 |
Renaissance Technologies
New York
|
+$406K |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$344K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.11M |
| 2 |
ACM
Ativo Capital Management
Chicago,
Illinois
|
-$1.05M |
| 3 |
CCT
Chemung Canal Trust
Elmira,
New York
|
-$339K |
| 4 |
HIMCH
Hartford Investment Management Co (HIMCO)
Hartford,
Connecticut
|
-$219K |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$188K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIP
51
Ameritas Investment Partners
Lincoln,
Nebraska
| $10K | – | – | – |
|
|
MAM
52
Meeder Asset Management
Dublin,
Ohio
| $8K | – | – | – |
|
|
LTFS
53
Ladenburg Thalmann Financial Services
Miami,
Florida
| $6K | +$5.91K | +132 | New |
|
54
BNP Paribas Financial Markets
Paris,
France
| $4.71K | – | – | – |
|
|
AG
55
Advisor Group
Phoenix,
Arizona
| $4K | – | – | – |
|
56
Bank of Montreal
Toronto,
Ontario, Canada
| $1K | -$45 | -1 | -4% |
|
57
Canada Life
Winnipeg,
Manitoba, Canada
| $1K | – | – | – |
|
|
ACM
58
Ativo Capital Management
Chicago,
Illinois
| – | -$1.05M | -21,006 | Closed |
|
|
HIMCH
59
Hartford Investment Management Co (HIMCO)
Hartford,
Connecticut
| – | -$219K | -4,368 | Closed |
|
|
TRCT
60
Tower Research Capital (TRC)
New York
| – | -$99K | -1,971 | Closed |
|
61
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$24K | -481 | Closed |
|
62
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$23K | -462 | Closed |
|
|
PIA
63
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$3K | -57 | Closed |
|
CHMG Hedge Fund Activity: Q3 2018 in Review
57 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Chemung Financial Corp (CHMG) for Q3 2018, worth a combined $70.2M — down 13% from $81.1M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of CHMG and 4 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 22 added.
The largest buyer was Basswood Capital Management, adding an estimated $1.58M. The largest seller was Wellington Management Group, cutting an estimated $1.11M.
- 57 institutional investors held Chemung Financial Corp (CHMG) as of Q3 2018, down from 59 in Q2 2018.
- Funds reported $70.2M of Chemung Financial Corp stock for Q3 2018, down 13% quarter-over-quarter.
- 4 funds opened new Chemung Financial Corp positions in Q3 2018 and 6 closed out, a net change of -2 holders.
- The largest Chemung Financial Corp buyer in Q3 2018 was Basswood Capital Management, an estimated $1.58M added.
- The largest Chemung Financial Corp seller in Q3 2018 was Wellington Management Group, an estimated $1.11M sold.
Based on aggregated 13F filings for Q3 2018.