Chemung Financial Corp
CHMG
48 hedge funds and large institutions have $48.2M invested in Chemung Financial Corp in 2020 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 22 reducing their positions, and 5 closing their positions.
4% more capital invested
Capital invested by funds: $46.3M → $48.2M (+$1.94M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.16% less ownership
Funds ownership: 35.09% → 34.93% (-0.16%)
4% less funds holding
Funds holding: 50 → 48 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
59% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$567K |
| 2 |
QAM
QCI Asset Management
Pittsford,
New York
|
+$414K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$318K |
| 4 |
BCM
BHZ Capital Management
San Jose,
California
|
+$209K |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$170K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCT
Chemung Canal Trust
Elmira,
New York
|
-$1.09M |
| 2 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$377K |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$360K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$180K |
| 5 |
GC
Globeflex Capital
San Diego,
California
|
-$164K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GC
51
Globeflex Capital
San Diego,
California
| – | -$164K | -6,012 | Closed |
|
|
PAM
52
Panagora Asset Management
Boston,
Massachusetts
| – | -$7K | -243 | Closed |
|
53
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$1K | -51 | Closed |
|
CHMG Hedge Fund Activity: Q3 2020 in Review
48 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Chemung Financial Corp (CHMG) for Q3 2020, worth a combined $48.2M — up 4.2% from $46.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of CHMG and 3 opened new positions — a net loss of 2 holders — while 22 trimmed existing stakes and 9 added.
The largest buyer was Morgan Stanley, adding an estimated $567K. The largest seller was Chemung Canal Trust, cutting an estimated $1.09M.
- 48 institutional investors held Chemung Financial Corp (CHMG) as of Q3 2020, down from 50 in Q2 2020.
- Funds reported $48.2M of Chemung Financial Corp stock for Q3 2020, up 4.2% quarter-over-quarter.
- 3 funds opened new Chemung Financial Corp positions in Q3 2020 and 5 closed out, a net change of -2 holders.
- The largest Chemung Financial Corp buyer in Q3 2020 was Morgan Stanley, an estimated $567K added.
- The largest Chemung Financial Corp seller in Q3 2020 was Chemung Canal Trust, an estimated $1.09M sold.
Based on aggregated 13F filings for Q3 2020.