Franklin Financial Services
FRAF
32 hedge funds and large institutions have $29.1M invested in Franklin Financial Services in 2023 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 2 closing their positions.
1.35% more ownership
Funds ownership: 20.92% → 22.27% (+1.4%)
3% less funds holding
Funds holding: 33 → 32 (-1)
10% less capital invested
Capital invested by funds: $32.3M → $29.1M (-$3.25M)
25% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 12
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$3.06M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$370K |
| 3 |
FMTCOCP
Farmers & Merchants Trust Co of Chambersburg PA
Chambersburg,
Pennsylvania
|
+$246K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$53K |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$9.54K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HF
HRT Financial
New York
|
-$553K |
| 2 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$439K |
| 3 |
SFI
Susquehanna Fundamental Investments
Bala Cynwyd,
Pennsylvania
|
-$245K |
| 4 |
GIM
Greenwich Investment Management
Norwalk,
Connecticut
|
-$235K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$200K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| $51.8K | +$131 | +4 | +0.2% |
|
27
UBS Group
Zurich,
Switzerland
| $20.9K | -$13.1K | -400 | -36% |
|
|
28
Fidelity Investments
Boston,
Massachusetts
| $12.4K | +$9.54K | +291 | +229% |
|
29
Osaic Holdings
Scottsdale,
Arizona
| $9.69K | -$984 | -30 | -8% |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| $2K | +$1.9K | +58 | +290% |
|
31
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $889 | – | – | – |
|
32
Wells Fargo
San Francisco,
California
| $882 | +$33 | +1 | +4% |
|
|
HF
33
HRT Financial
New York
| – | -$553K | -15,327 | Closed |
|
|
SFI
34
Susquehanna Fundamental Investments
Bala Cynwyd,
Pennsylvania
| – | -$245K | -6,800 | Closed |
|
FRAF Hedge Fund Activity: Q1 2023 in Review
32 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Franklin Financial Services (FRAF) for Q1 2023, worth a combined $29.1M — down 10% from $32.3M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of FRAF and 1 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 9 added.
The largest buyer was Fourthstone LLC, adding an estimated $3.06M. The largest seller was HRT Financial, exiting entirely with an estimated $553K sold.
- 32 institutional investors held Franklin Financial Services (FRAF) as of Q1 2023, down from 33 in Q4 2022.
- Funds reported $29.1M of Franklin Financial Services stock for Q1 2023, down 10% quarter-over-quarter.
- 1 fund opened new Franklin Financial Services positions in Q1 2023 and 2 closed out, a net change of -1 holder.
- The largest Franklin Financial Services buyer in Q1 2023 was Fourthstone LLC, an estimated $3.06M added.
- The largest Franklin Financial Services seller in Q1 2023 was HRT Financial, an estimated $553K sold.
Based on aggregated 13F filings for Q1 2023.