Eastern Bankshares
182 hedge funds and large institutions have $1.59B invested in Eastern Bankshares in 2023 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 62 increasing their positions, 52 reducing their positions, and 25 closing their positions.
372% more call options, than puts
Call options by funds: $4.15M | Put options by funds: $880K
20% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 25
19% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 52
19% more capital invested
Capital invested by funds: $1.34B → $1.59B (+$254M)
3.08% more ownership
Funds ownership: 60.56% → 63.65% (+3.1%)
2% more funds holding
Funds holding: 179 → 182 (+3)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$19.3M |
| 2 |
Morgan Stanley
New York
|
+$16M |
| 3 |
BlackRock
New York
|
+$15.4M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$13.7M |
| 5 |
State Street
Boston,
Massachusetts
|
+$10.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$19.1M |
| 2 |
Jennison Associates
New York
|
-$10.1M |
| 3 |
Millennium Management
New York
|
-$8.8M |
| 4 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$8.59M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
-$8.27M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$5.19K | -414 | Closed |
|
|
WTG
202
West Tower Group
Richmond,
Virginia
| – | -$2.32K | -185 | Closed |
|
|
MCM
203
Manchester Capital Management
Manchester,
Vermont
| – | -$1.22K | -97 | Closed |
|
|
BIA
204
Bell Investment Advisors
Oakland,
California
| – | -$765 | -61 | Closed |
|
|
GWS
205
Glassman Wealth Services
Vienna,
Virginia
| – | -$138 | -11 | Closed |
|
|
CA
206
Crewe Advisors
Salt Lake City,
Utah
| – | -$126 | -10 | Closed |
|
|
C
207
Covestor
London,
United Kingdom
| – | -$50 | -4 | -31% |
|
EBC Hedge Fund Activity: Q4 2023 in Review
182 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Eastern Bankshares (EBC) for Q4 2023, worth a combined $1.59B — up 19% from $1.34B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new EBC positions and 25 closed out — a net gain of 5 holders — while 62 added to existing stakes and 52 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $19.3M. The largest seller was Citadel Advisors, cutting an estimated $19.1M.
- 182 institutional investors held Eastern Bankshares (EBC) as of Q4 2023, up from 179 in Q3 2023.
- Funds reported $1.59B of Eastern Bankshares stock for Q4 2023, up 19% quarter-over-quarter.
- 30 funds opened new Eastern Bankshares positions in Q4 2023 and 25 closed out, a net change of +5 holders.
- The largest Eastern Bankshares buyer in Q4 2023 was Manulife (Manufacturers Life Insurance), an estimated $19.3M added.
- The largest Eastern Bankshares seller in Q4 2023 was Citadel Advisors, an estimated $19.1M sold.
Based on aggregated 13F filings for Q4 2023.