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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
54
Holders Change
+1
Holders Change %
+1.89%
% of All Funds
0.79%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
4
Increased
20
Reduced
11
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.65M
2
BlackRock
BlackRock
New York
+$1.62M
3
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
+$443K
4
Vanguard Group
Vanguard Group
Pennsylvania
+$246K
5
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$225K

Top Sellers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
-$3.07M
2
AllianceBernstein
AllianceBernstein
Tennessee
-$1.14M
3
CCT
Chemung Canal Trust
New York
-$334K
4
Citadel Advisors
Citadel Advisors
Florida
-$117K
5
Allspring Global Investments
Allspring Global Investments
North Carolina
-$29.9K
Name Holding Trade Value Shares
Change 		Change in
Stake
FL
1
Fourthstone LLC
Missouri
$19M -$3.07M -69,215 -15%
CCT
2
Chemung Canal Trust
New York
$17.2M -$334K -7,544 -2%
BlackRock
3
BlackRock
New York
$10.9M +$1.62M +36,481 +20%
Vanguard Group
4
Vanguard Group
Pennsylvania
$9.1M +$246K +5,541 +3%
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$6.11M +$48.7K +1,098 +0.9%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$3.53M +$59.1K +1,334 +2%
Morgan Stanley
7
Morgan Stanley
New York
$3.29M +$1.65M +37,210 +129%
First Manhattan
8
First Manhattan
New York
$2.85M +$100K +2,260 +4%
BCM
9
Bridgeway Capital Management
Texas
$2.78M +$68.1K +1,536 +3%
State Street
10
State Street
Massachusetts
$2.22M -$2.26K -51 -0.1%
AllianceBernstein
11
AllianceBernstein
Tennessee
$1.9M -$1.14M -25,651 -40%
Renaissance Technologies
12
Renaissance Technologies
New York
$1.64M – – –
RA
13
Royce & Associates
New York
$1.54M – – –
Northern Trust
14
Northern Trust
Illinois
$1.41M +$3.01K +68 +0.2%
Acadian Asset Management
15
Acadian Asset Management
Massachusetts
$1.15M – – –
FFM
16
Forum Financial Management
Illinois
$949K – – –
EF
17
Empowered Funds
Pennsylvania
$863K +$68.1K +1,536 +10%
LSV Asset Management
18
LSV Asset Management
Illinois
$832K – – –
AA
19
Alesco Advisors
New York
$658K – – –
Bank of New York Mellon
20
Bank of New York Mellon
New York
$632K +$49.4K +1,114 +10%
Wealth Enhancement Advisory Services
21
Wealth Enhancement Advisory Services
Minnesota
$598K +$266 +6 +0.1%
CAPTRUST Financial Advisors
22
CAPTRUST Financial Advisors
North Carolina
$498K +$443K +9,992 New
Charles Schwab
23
Charles Schwab
California
$464K – – –
RJFSA
24
Raymond James Financial Services Advisors
Florida
$452K – – –
Commonwealth Equity Services
25
Commonwealth Equity Services
Massachusetts
$407K – – –
1
2 3

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.