Chemung Financial Corp
CHMG
55 hedge funds and large institutions have $58.7M invested in Chemung Financial Corp in 2020 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 5 closing their positions.
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
20% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 15
0.34% more ownership
Funds ownership: 36.2% → 36.54% (+0.34%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less funds holding
Funds holding: 56 → 55 (-1)
21% less capital invested
Capital invested by funds: $74.6M → $58.7M (-$15.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$1.82M |
| 2 |
BCM
Basswood Capital Management
New York
|
+$814K |
| 3 |
CCT
Chemung Canal Trust
Elmira,
New York
|
+$551K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$300K |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$260K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.33M |
| 2 |
BPM
Bowling Portfolio Management
Cincinnati,
Ohio
|
-$839K |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$552K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$283K |
| 5 |
New York State Common Retirement Fund
Albany,
New York
|
-$280K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Fidelity Investments
Boston,
Massachusetts
| $10K | -$109 | -3 | -1% |
|
|
AIP
52
Ameritas Investment Partners
Lincoln,
Nebraska
| $8K | – | – | – |
|
|
PAM
53
Panagora Asset Management
Boston,
Massachusetts
| $8K | – | – | – |
|
54
Osaic Holdings
Scottsdale,
Arizona
| $3K | +$3.7K | +102 | New |
|
55
Canada Life
Winnipeg,
Manitoba, Canada
| $2K | – | – | – |
|
|
BPM
56
Bowling Portfolio Management
Cincinnati,
Ohio
| – | -$839K | -19,730 | Closed |
|
|
57
Acadian Asset Management
Boston,
Massachusetts
| – | -$552K | -12,971 | Closed |
|
|
RJFSA
58
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$283K | -6,651 | Closed |
|
59
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$19K | -439 | Closed |
|
|
MAM
60
Meeder Asset Management
Dublin,
Ohio
| – | -$4K | -92 | Closed |
|
CHMG Hedge Fund Activity: Q1 2020 in Review
55 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Chemung Financial Corp (CHMG) for Q1 2020, worth a combined $58.7M — down 21% from $74.6M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new CHMG positions and 5 closed out — a net gain of 1 holder — while 18 added to existing stakes and 15 trimmed.
The largest buyer was M3F Inc, opening a new position worth an estimated $1.82M. The largest seller was Wellington Management Group, cutting an estimated $1.33M.
- 55 institutional investors held Chemung Financial Corp (CHMG) as of Q1 2020, down from 56 in Q4 2019.
- Funds reported $58.7M of Chemung Financial Corp stock for Q1 2020, down 21% quarter-over-quarter.
- 6 funds opened new Chemung Financial Corp positions in Q1 2020 and 5 closed out, a net change of +1 holder.
- The largest Chemung Financial Corp buyer in Q1 2020 was M3F Inc, an estimated $1.82M added.
- The largest Chemung Financial Corp seller in Q1 2020 was Wellington Management Group, an estimated $1.33M sold.
Based on aggregated 13F filings for Q1 2020.