Chemung Financial Corp
CHMG
53 hedge funds and large institutions have $74.6M invested in Chemung Financial Corp in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
27% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 15
6% more funds holding
Funds holding: 50 → 53 (+3)
4% more capital invested
Capital invested by funds: $71.5M → $74.6M (+$3.12M)
0.39% more ownership
Funds ownership: 39.5% → 39.89% (+0.39%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$1.6M |
| 2 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$482K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$303K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$227K |
| 5 |
BlackRock
New York
|
+$218K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$897K |
| 2 |
Millennium Management
New York
|
-$553K |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$201K |
| 4 |
First Manhattan
New York
|
-$189K |
| 5 |
Morgan Stanley
New York
|
-$66K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
C
51
Covestor
London,
United Kingdom
| $1K | +$1.17K | +29 | New |
|
52
Russell Investments Group
London,
United Kingdom
| $951 | +$964 | +24 | New |
|
53
Citigroup
New York
| $79 | -$41.7K | -1,039 | -100% |
|
|
54
Millennium Management
New York
| – | -$553K | -14,390 | Closed |
|
CHMG Hedge Fund Activity: Q3 2023 in Review
53 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Chemung Financial Corp (CHMG) for Q3 2023, worth a combined $74.6M — up 4.4% from $71.5M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new CHMG positions and 1 closed out — a net gain of 4 holders — while 19 added to existing stakes and 15 trimmed.
The largest buyer was Fourthstone LLC, adding an estimated $1.6M. The largest seller was AllianceBernstein, cutting an estimated $897K.
- 53 institutional investors held Chemung Financial Corp (CHMG) as of Q3 2023, up from 50 in Q2 2023.
- Funds reported $74.6M of Chemung Financial Corp stock for Q3 2023, up 4.4% quarter-over-quarter.
- 5 funds opened new Chemung Financial Corp positions in Q3 2023 and 1 closed out, a net change of +4 holders.
- The largest Chemung Financial Corp buyer in Q3 2023 was Fourthstone LLC, an estimated $1.6M added.
- The largest Chemung Financial Corp seller in Q3 2023 was AllianceBernstein, an estimated $897K sold.
Based on aggregated 13F filings for Q3 2023.