Chemung Financial Corp
CHMG
50 hedge funds and large institutions have $71.5M invested in Chemung Financial Corp in 2023 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 8 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 9
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
16% more funds holding
Funds holding: 43 → 50 (+7)
4.12% more ownership
Funds ownership: 35.37% → 39.5% (+4.1%)
4% more capital invested
Capital invested by funds: $68.8M → $71.5M (+$2.65M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$6.37M |
| 2 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$3.17M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.18M |
| 4 |
State Street
Boston,
Massachusetts
|
+$939K |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$842K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$1.79M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.67M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.06M |
| 4 |
Millennium Management
New York
|
-$948K |
| 5 |
Jane Street
New York
|
-$582K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCM
51
Basswood Capital Management
New York
| – | -$1.79M | -43,140 | Closed |
|
|
52
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$1.06M | -25,462 | Closed |
|
|
53
Jane Street
New York
| – | -$582K | -14,019 | Closed |
|
|
HF
54
HRT Financial
New York
| – | -$492K | -11,858 | Closed |
|
|
BCM
55
BHZ Capital Management
San Jose,
California
| – | -$410K | -9,872 | Closed |
|
56
Goldman Sachs
New York
| – | -$340K | -8,192 | Closed |
|
57
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$258K | -6,210 | Closed |
|
58
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$6.35K | -153 | Closed |
|
CHMG Hedge Fund Activity: Q2 2023 in Review
50 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Chemung Financial Corp (CHMG) for Q2 2023, worth a combined $71.5M — up 3.8% from $68.8M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new CHMG positions and 8 closed out — a net gain of 7 holders — while 17 added to existing stakes and 9 trimmed.
The largest buyer was BlackRock, adding an estimated $6.37M. The largest seller was Basswood Capital Management, exiting entirely with an estimated $1.79M sold.
- 50 institutional investors held Chemung Financial Corp (CHMG) as of Q2 2023, up from 43 in Q1 2023.
- Funds reported $71.5M of Chemung Financial Corp stock for Q2 2023, up 3.8% quarter-over-quarter.
- 15 funds opened new Chemung Financial Corp positions in Q2 2023 and 8 closed out, a net change of +7 holders.
- The largest Chemung Financial Corp buyer in Q2 2023 was BlackRock, an estimated $6.37M added.
- The largest Chemung Financial Corp seller in Q2 2023 was Basswood Capital Management, an estimated $1.79M sold.
Based on aggregated 13F filings for Q2 2023.