Chemung Financial Corp
CHMG
50 hedge funds and large institutions have $46.3M invested in Chemung Financial Corp in 2020 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 18 increasing their positions, 18 reducing their positions, and 8 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 18
1.44% less ownership
Funds ownership: 36.54% → 35.09% (-1.4%)
9% less funds holding
Funds holding: 55 → 50 (-5)
21% less capital invested
Capital invested by funds: $58.7M → $46.3M (-$12.4M)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$342K |
| 2 |
CCT
Chemung Canal Trust
Elmira,
New York
|
+$207K |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$182K |
| 4 |
Morgan Stanley
New York
|
+$115K |
| 5 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$114K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.19M |
| 2 |
BCM
Basswood Capital Management
New York
|
-$400K |
| 3 |
BlackRock
New York
|
-$366K |
| 4 |
RhumbLine Advisers
Boston,
Massachusetts
|
-$239K |
| 5 |
BCM
BHZ Capital Management
San Jose,
California
|
-$229K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Wellington Management Group
Boston,
Massachusetts
| – | -$1.19M | -36,199 | Closed |
|
|
52
RhumbLine Advisers
Boston,
Massachusetts
| – | -$239K | -7,247 | Closed |
|
|
BCM
53
BHZ Capital Management
San Jose,
California
| – | -$229K | -6,946 | Closed |
|
54
Jacobs Levy Equity Management
Florham Park,
New Jersey
| – | -$226K | -6,856 | Closed |
|
55
California Public Employees Retirement System
Sacramento,
California
| – | -$226K | -6,855 | Closed |
|
|
QAM
56
QCI Asset Management
Pittsford,
New York
| – | -$115K | -3,500 | Closed |
|
57
Victory Capital Management
San Antonio,
Texas
| – | -$48K | -1,474 | Closed |
|
|
OSAM
58
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$16K | -496 | Closed |
|
CHMG Hedge Fund Activity: Q2 2020 in Review
50 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Chemung Financial Corp (CHMG) for Q2 2020, worth a combined $46.3M — down 21% from $58.7M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of CHMG and 3 opened new positions — a net loss of 5 holders — while 18 trimmed existing stakes and 18 added.
The largest buyer was Acadian Asset Management, opening a new position worth an estimated $342K. The largest seller was Wellington Management Group, exiting entirely with an estimated $1.19M sold.
- 50 institutional investors held Chemung Financial Corp (CHMG) as of Q2 2020, down from 55 in Q1 2020.
- Funds reported $46.3M of Chemung Financial Corp stock for Q2 2020, down 21% quarter-over-quarter.
- 3 funds opened new Chemung Financial Corp positions in Q2 2020 and 8 closed out, a net change of -5 holders.
- The largest Chemung Financial Corp buyer in Q2 2020 was Acadian Asset Management, an estimated $342K added.
- The largest Chemung Financial Corp seller in Q2 2020 was Wellington Management Group, an estimated $1.19M sold.
Based on aggregated 13F filings for Q2 2020.