Customers Bancorp
CUBI
147 hedge funds and large institutions have $300M invested in Customers Bancorp in 2020 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 65 increasing their positions, 38 reducing their positions, and 12 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 38
42% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 12
8% more capital invested
Capital invested by funds: $278M → $300M (+$22.2M)
3% more funds holding
Funds holding: 143 → 147 (+4)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.65% less ownership
Funds ownership: 81.05% → 79.4% (-1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
+$5.56M |
| 2 |
NM
Newtyn Management
New York
|
+$2.85M |
| 3 |
JP Morgan Chase
New York
|
+$2.31M |
| 4 |
Nordea Investment Management
Stockholm,
Sweden
|
+$2.21M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$1.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$6.77M |
| 2 |
TAM
Third Avenue Management
New York
|
-$5.55M |
| 3 |
M2MC
Matthew 25 Management Corp
Ambler,
Pennsylvania
|
-$3.85M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$3.19M |
| 5 |
Renaissance Technologies
New York
|
-$2.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DTL
151
Dynamic Technology Lab
Singapore
| – | -$220K | -20,166 | Closed |
|
|
MERSOM
152
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
| – | -$98K | -8,930 | Closed |
|
|
FGAM
153
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$22.6K | -2,074 | Closed |
|
|
BGIM
154
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
| – | -$19K | -1,662 | Closed |
|
155
AssetMark Inc
Concord,
California
| – | -$5K | -436 | Closed |
|
|
SWA
156
Sutton Wealth Advisors
Tampa,
Florida
| – | -$3.35K | -306 | Closed |
|
157
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$2K | -192 | Closed |
|
|
NFG
158
Next Financial Group
Houston,
Texas
| – | -$2K | -168 | Closed |
|
CUBI Hedge Fund Activity: Q2 2020 in Review
147 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Customers Bancorp (CUBI) for Q2 2020, worth a combined $300M — up 8% from $278M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new CUBI positions and 12 closed out — a net gain of 5 holders — while 65 added to existing stakes and 38 trimmed.
The largest buyer was Prudential Financial, adding an estimated $5.56M. The largest seller was Basswood Capital Management, cutting an estimated $6.77M.
- 147 institutional investors held Customers Bancorp (CUBI) as of Q2 2020, up from 143 in Q1 2020.
- Funds reported $300M of Customers Bancorp stock for Q2 2020, up 8% quarter-over-quarter.
- 17 funds opened new Customers Bancorp positions in Q2 2020 and 12 closed out, a net change of +5 holders.
- The largest Customers Bancorp buyer in Q2 2020 was Prudential Financial, an estimated $5.56M added.
- The largest Customers Bancorp seller in Q2 2020 was Basswood Capital Management, an estimated $6.77M sold.
Based on aggregated 13F filings for Q2 2020.