Financial Institutions
FISI
114 hedge funds and large institutions have $328M invested in Financial Institutions in 2018 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 43 increasing their positions, 40 reducing their positions, and 14 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 40
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less capital invested
Capital invested by funds: $345M → $328M (-$16.8M)
1.23% less ownership
Funds ownership: 70.96% → 69.73% (-1.2%)
6% less funds holding
Funds holding: 121 → 114 (-7)
29% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$6.12M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2M |
| 3 |
MSL
Mackay Shields LLC
New York
|
+$1.9M |
| 4 |
BlackRock
New York
|
+$1.75M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
+$1.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.77M |
| 2 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$1.69M |
| 3 |
IA
IndexIQ Advisors
New York
|
-$1.33M |
| 4 |
JP Morgan Chase
New York
|
-$1.3M |
| 5 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$1.06M |
FISI Hedge Fund Activity: Q1 2018 in Review
114 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Financial Institutions (FISI) for Q1 2018, worth a combined $328M — down 4.9% from $345M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of FISI and 10 opened new positions — a net loss of 4 holders — while 40 trimmed existing stakes and 43 added.
The largest buyer was Basswood Capital Management, adding an estimated $6.12M. The largest seller was Fidelity Investments, exiting entirely with an estimated $4.77M sold.
- 114 institutional investors held Financial Institutions (FISI) as of Q1 2018, down from 121 in Q4 2017.
- Funds reported $328M of Financial Institutions stock for Q1 2018, down 4.9% quarter-over-quarter.
- 10 funds opened new Financial Institutions positions in Q1 2018 and 14 closed out, a net change of -4 holders.
- The largest Financial Institutions buyer in Q1 2018 was Basswood Capital Management, an estimated $6.12M added.
- The largest Financial Institutions seller in Q1 2018 was Fidelity Investments, an estimated $4.77M sold.
Based on aggregated 13F filings for Q1 2018.