Chemung Financial Corp
CHMG
54 hedge funds and large institutions have $94.5M invested in Chemung Financial Corp in 2023 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 11 reducing their positions, and 3 closing their positions.
82% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 11
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
27% more capital invested
Capital invested by funds: $74.6M → $94.5M (+$19.9M)
2% more funds holding
Funds holding: 53 → 54 (+1)
0.3% more ownership
Funds ownership: 39.89% → 40.19% (+0.3%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.65M |
| 2 |
BlackRock
New York
|
+$1.62M |
| 3 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$443K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$246K |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$225K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
-$3.07M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$1.14M |
| 3 |
CCT
Chemung Canal Trust
Elmira,
New York
|
-$334K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$117K |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$29.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MLICM
51
Metropolitan Life Insurance Company (MetLife)
New York
| $9.86K | – | – | – |
|
52
Qube Research & Technologies (QRT)
London,
United Kingdom
| $4.18K | +$3.72K | +84 | New |
|
53
Russell Investments Group
London,
United Kingdom
| $1.2K | – | – | – |
|
|
54
Allspring Global Investments
Charlotte,
North Carolina
| – | -$29.9K | -756 | Closed |
|
55
Fisher Asset Management
Camas,
Washington
| – | -$2.14K | -54 | Closed |
|
|
HPC
56
HM Payson & Co
Portland,
Maine
| – | -$1.7K | -43 | Closed |
|
|
C
57
Covestor
London,
United Kingdom
| – | -$975 | -22 | -76% |
|
CHMG Hedge Fund Activity: Q4 2023 in Review
54 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Chemung Financial Corp (CHMG) for Q4 2023, worth a combined $94.5M — up 27% from $74.6M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new CHMG positions and 3 closed out — a net gain of 1 holder — while 20 added to existing stakes and 11 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.65M. The largest seller was Fourthstone LLC, cutting an estimated $3.07M.
- 54 institutional investors held Chemung Financial Corp (CHMG) as of Q4 2023, up from 53 in Q3 2023.
- Funds reported $94.5M of Chemung Financial Corp stock for Q4 2023, up 27% quarter-over-quarter.
- 4 funds opened new Chemung Financial Corp positions in Q4 2023 and 3 closed out, a net change of +1 holder.
- The largest Chemung Financial Corp buyer in Q4 2023 was Morgan Stanley, an estimated $1.65M added.
- The largest Chemung Financial Corp seller in Q4 2023 was Fourthstone LLC, an estimated $3.07M sold.
Based on aggregated 13F filings for Q4 2023.