Financial Institutions
FISI
124 hedge funds and large institutions have $359M invested in Financial Institutions in 2018 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 46 increasing their positions, 34 reducing their positions, and 11 closing their positions.
73% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 11
35% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 34
7% more funds holding
Funds holding: 116 → 124 (+8)
1.81% more ownership
Funds ownership: 70.03% → 71.83% (+1.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $367M → $359M (-$7.31M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$6.93M |
| 2 |
Morgan Stanley
New York
|
+$4.23M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$3.57M |
| 4 |
Renaissance Technologies
New York
|
+$2.11M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$12.6M |
| 2 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
-$6.17M |
| 3 |
MCM
Maltese Capital Management
New York
|
-$2.27M |
| 4 |
CAM
ClariVest Asset Management
San Diego,
California
|
-$854K |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
-$763K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MCM
126
Maltese Capital Management
New York
| – | -$2.27M | -68,940 | Closed |
|
|
WI
127
WBI Investments
Red Bank,
New Jersey
| – | -$651K | -19,773 | Closed |
|
128
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$425K | -12,916 | Closed |
|
|
PI
129
Putnam Investments
Boston,
Massachusetts
| – | -$337K | -10,231 | Closed |
|
130
Balyasny Asset Management
Chicago,
Illinois
| – | -$282K | -8,581 | Closed |
|
|
CCM
131
Cutler Capital Management
Worcester,
Massachusetts
| – | -$197K | -6,000 | Closed |
|
132
SG Americas Securities
New York
| – | -$130K | -3,959 | Closed |
|
|
VFA
133
Valeo Financial Advisors
Carmel,
Indiana
| – | -$36K | -1,125 | Closed |
|
|
PIA
134
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$9K | -267 | Closed |
|
|
FIA
135
FNY Investment Advisers
New York
| – | -$1K | -45 | Closed |
|
FISI Hedge Fund Activity: Q3 2018 in Review
124 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Financial Institutions (FISI) for Q3 2018, worth a combined $359M — down 2% from $367M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new FISI positions and 11 closed out — a net gain of 8 holders — while 46 added to existing stakes and 34 trimmed.
The largest buyer was Royce & Associates, adding an estimated $6.93M. The largest seller was Basswood Capital Management, exiting entirely with an estimated $12.6M sold.
- 124 institutional investors held Financial Institutions (FISI) as of Q3 2018, up from 116 in Q2 2018.
- Funds reported $359M of Financial Institutions stock for Q3 2018, down 2% quarter-over-quarter.
- 19 funds opened new Financial Institutions positions in Q3 2018 and 11 closed out, a net change of +8 holders.
- The largest Financial Institutions buyer in Q3 2018 was Royce & Associates, an estimated $6.93M added.
- The largest Financial Institutions seller in Q3 2018 was Basswood Capital Management, an estimated $12.6M sold.
Based on aggregated 13F filings for Q3 2018.