Financial Institutions
FISI
125 hedge funds and large institutions have $332M invested in Financial Institutions in 2019 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 47 increasing their positions, 35 reducing their positions, and 7 closing their positions.
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
34% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 35
8% more capital invested
Capital invested by funds: $308M → $332M (+$23.6M)
2% more funds holding
Funds holding: 123 → 125 (+2)
0.08% more ownership
Funds ownership: 71.19% → 71.27% (+0.08%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
+$3.37M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$1.89M |
| 3 |
MSL
Mackay Shields LLC
New York
|
+$1.84M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.56M |
| 5 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$1.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$2.98M |
| 2 |
RA
Royce & Associates
New York
|
-$2.52M |
| 3 |
Millennium Management
New York
|
-$1.17M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$977K |
| 5 |
CAM
ClariVest Asset Management
San Diego,
California
|
-$956K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFC
126
Banc Funds Company
Chicago,
Illinois
| – | -$2.98M | -109,806 | Closed |
|
127
Nordea Investment Management
Stockholm,
Sweden
| – | -$919K | -33,800 | Closed |
|
|
MERSOM
128
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
| – | -$619K | -22,790 | Closed |
|
129
Principal Financial Group
Des Moines,
Iowa
| – | -$277K | -10,180 | Closed |
|
130
Citadel Advisors
Miami,
Florida
| – | -$221K | -8,135 | Closed |
|
131
SG Americas Securities
New York
| – | -$119K | -4,373 | Closed |
|
|
SGAM
132
Smith Group Asset Management
Dallas,
Texas
| – | -$30K | -1,092 | Closed |
|
FISI Hedge Fund Activity: Q2 2019 in Review
125 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Financial Institutions (FISI) for Q2 2019, worth a combined $332M — up 7.6% from $308M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FISI positions and 7 closed out — a net gain of 4 holders — while 47 added to existing stakes and 35 trimmed.
The largest buyer was Maltese Capital Management, adding an estimated $3.37M. The largest seller was Banc Funds Company, exiting entirely with an estimated $2.98M sold.
- 125 institutional investors held Financial Institutions (FISI) as of Q2 2019, up from 123 in Q1 2019.
- Funds reported $332M of Financial Institutions stock for Q2 2019, up 7.6% quarter-over-quarter.
- 11 funds opened new Financial Institutions positions in Q2 2019 and 7 closed out, a net change of +4 holders.
- The largest Financial Institutions buyer in Q2 2019 was Maltese Capital Management, an estimated $3.37M added.
- The largest Financial Institutions seller in Q2 2019 was Banc Funds Company, an estimated $2.98M sold.
Based on aggregated 13F filings for Q2 2019.