Chemung Financial Corp
CHMG
55 hedge funds and large institutions have $69.5M invested in Chemung Financial Corp in 2018 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 18 reducing their positions, and 6 closing their positions.
0.5% more ownership
Funds ownership: 34.47% → 34.97% (+0.5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less capital invested
Capital invested by funds: $70.2M → $69.5M (-$710K)
6% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 18
4% less funds holding
Funds holding: 57 → 55 (-2)
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
|
+$1.15M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$878K |
| 3 |
Goldman Sachs
New York
|
+$336K |
| 4 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$317K |
| 5 |
SBSB
Sullivan, Bruyette, Speros & Blaney
Mclean,
Virginia
|
+$271K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.35M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$384K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$214K |
| 4 |
AWCI
Alpine Woods Capital Investors
Purchase,
New York
|
-$212K |
| 5 |
SRAM
Stone Ridge Asset Management
New York
|
-$203K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MAM
51
Meeder Asset Management
Dublin,
Ohio
| $4K | -$4.14K | -98 | -52% |
|
|
AG
52
Advisor Group
Phoenix,
Arizona
| $4K | – | – | – |
|
53
BNP Paribas Financial Markets
Paris,
France
| $3.84K | -$761 | -18 | -16% |
|
54
Bank of Montreal
Toronto,
Ontario, Canada
| $2K | +$930 | +22 | +100% |
|
55
Canada Life
Winnipeg,
Manitoba, Canada
| $1K | -$127 | -3 | -10% |
|
|
56
Invesco
Atlanta,
Georgia
| – | -$214K | -5,048 | Closed |
|
|
AWCI
57
Alpine Woods Capital Investors
Purchase,
New York
| – | -$212K | -5,000 | Closed |
|
|
SRAM
58
Stone Ridge Asset Management
New York
| – | -$203K | -4,790 | Closed |
|
59
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$47K | -1,116 | Closed |
|
|
WC
60
Whitney & Co
Rochester,
New York
| – | -$17K | -400 | Closed |
|
|
LTFS
61
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$6K | -132 | Closed |
|
CHMG Hedge Fund Activity: Q4 2018 in Review
55 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Chemung Financial Corp (CHMG) for Q4 2018, worth a combined $69.5M — down 1% from $70.2M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of CHMG and 4 opened new positions — a net loss of 2 holders — while 18 trimmed existing stakes and 17 added.
The largest buyer was Basswood Capital Management, adding an estimated $1.15M. The largest seller was Wellington Management Group, cutting an estimated $1.35M.
- 55 institutional investors held Chemung Financial Corp (CHMG) as of Q4 2018, down from 57 in Q3 2018.
- Funds reported $69.5M of Chemung Financial Corp stock for Q4 2018, down 1% quarter-over-quarter.
- 4 funds opened new Chemung Financial Corp positions in Q4 2018 and 6 closed out, a net change of -2 holders.
- The largest Chemung Financial Corp buyer in Q4 2018 was Basswood Capital Management, an estimated $1.15M added.
- The largest Chemung Financial Corp seller in Q4 2018 was Wellington Management Group, an estimated $1.35M sold.
Based on aggregated 13F filings for Q4 2018.