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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
53
Holders Change
+3
Holders Change %
+6%
% of All Funds
0.84%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
5
Increased
19
Reduced
15
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
+$1.6M
2
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
+$482K
3
Vanguard Group
Vanguard Group
Pennsylvania
+$303K
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$227K
5
BlackRock
BlackRock
New York
+$218K

Top Sellers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
-$897K
2
Millennium Management
Millennium Management
New York
-$553K
3
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$201K
4
First Manhattan
First Manhattan
New York
-$189K
5
Morgan Stanley
Morgan Stanley
New York
-$66K
Name Holding Trade Value Shares
Change 		Change in
Stake
FL
1
Fourthstone LLC
Missouri
$17.8M +$1.6M +39,892 +10%
CCT
2
Chemung Canal Trust
New York
$14M +$45.8K +1,139 +0.3%
BlackRock
3
BlackRock
New York
$7.19M +$218K +5,425 +3%
Vanguard Group
4
Vanguard Group
Pennsylvania
$7.02M +$303K +7,551 +4%
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$4.82M +$227K +5,638 +5%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$2.76M +$172K +4,289 +7%
AllianceBernstein
7
AllianceBernstein
Tennessee
$2.53M -$897K -22,313 -26%
First Manhattan
8
First Manhattan
New York
$2.18M -$189K -4,700 -8%
BCM
9
Bridgeway Capital Management
Texas
$2.15M +$50.8K +1,264 +2%
State Street
10
State Street
Massachusetts
$1.77M +$114K +2,825 +7%
Renaissance Technologies
11
Renaissance Technologies
New York
$1.31M -$12.1K -300 -0.9%
RA
12
Royce & Associates
New York
$1.23M – – –
Morgan Stanley
13
Morgan Stanley
New York
$1.14M -$66K -1,642 -5%
Northern Trust
14
Northern Trust
Illinois
$1.12M -$16.3K -406 -1%
Acadian Asset Management
15
Acadian Asset Management
Massachusetts
$911K -$201K -5,009 -18%
FFM
16
Forum Financial Management
Illinois
$754K -$6.83K -170 -0.9%
LSV Asset Management
17
LSV Asset Management
Illinois
$661K – – –
EF
18
Empowered Funds
Pennsylvania
$626K +$50.8K +1,264 +9%
AA
19
Alesco Advisors
New York
$523K – – –
Wealth Enhancement Advisory Services
20
Wealth Enhancement Advisory Services
Minnesota
$475K +$482K +12,000 New
Bank of New York Mellon
21
Bank of New York Mellon
New York
$458K -$1.85K -46 -0.4%
Citadel Advisors
22
Citadel Advisors
Florida
$420K +$110K +2,747 +35%
Charles Schwab
23
Charles Schwab
California
$369K – – –
RJFSA
24
Raymond James Financial Services Advisors
Florida
$360K – – –
Commonwealth Equity Services
25
Commonwealth Equity Services
Massachusetts
$324K +$2.57K +64 +0.8%
1
2 3

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.