Chemung Financial Corp
CHMG
43 hedge funds and large institutions have $68.8M invested in Chemung Financial Corp in 2023 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 11 reducing their positions, and 7 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
82% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 11
0.46% less ownership
Funds ownership: 35.83% → 35.37% (-0.46%)
5% less capital invested
Capital invested by funds: $72.1M → $68.8M (-$3.25M)
4% less funds holding
Funds holding: 45 → 43 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$5.61M |
| 2 |
Millennium Management
New York
|
+$1.23M |
| 3 |
Jane Street
New York
|
+$673K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$600K |
| 5 |
HF
HRT Financial
New York
|
+$569K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$5.22M |
| 2 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$4.24M |
| 3 |
Renaissance Technologies
New York
|
-$493K |
| 4 |
GC
Globeflex Capital
San Diego,
California
|
-$349K |
| 5 |
MCM
Maltese Capital Management
New York
|
-$284K |
CHMG Hedge Fund Activity: Q1 2023 in Review
43 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Chemung Financial Corp (CHMG) for Q1 2023, worth a combined $68.8M — down 4.5% from $72.1M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of CHMG and 5 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 20 added.
The largest buyer was Fourthstone LLC, adding an estimated $5.61M. The largest seller was Basswood Capital Management, cutting an estimated $5.22M.
- 43 institutional investors held Chemung Financial Corp (CHMG) as of Q1 2023, down from 45 in Q4 2022.
- Funds reported $68.8M of Chemung Financial Corp stock for Q1 2023, down 4.5% quarter-over-quarter.
- 5 funds opened new Chemung Financial Corp positions in Q1 2023 and 7 closed out, a net change of -2 holders.
- The largest Chemung Financial Corp buyer in Q1 2023 was Fourthstone LLC, an estimated $5.61M added.
- The largest Chemung Financial Corp seller in Q1 2023 was Basswood Capital Management, an estimated $5.22M sold.
Based on aggregated 13F filings for Q1 2023.