Franklin Financial Services
FRAF
28 hedge funds and large institutions have $29M invested in Franklin Financial Services in 2023 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 3 closing their positions.
6% more capital invested
Capital invested by funds: $27.3M → $29M (+$1.63M)
0.86% more ownership
Funds ownership: 22.5% → 23.37% (+0.86%)
7% less funds holding
Funds holding: 30 → 28 (-2)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$2.44M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$112K |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$54.9K |
| 4 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$54.9K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$43.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$755K |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$239K |
| 3 |
Millennium Management
New York
|
-$143K |
| 4 |
GIM
Greenwich Investment Management
Norwalk,
Connecticut
|
-$46.1K |
| 5 |
FMTCOCP
Farmers & Merchants Trust Co of Chambersburg PA
Chambersburg,
Pennsylvania
|
-$35.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
26
Tower Research Capital (TRC)
New York
| $7.75K | -$15.8K | -546 | -67% |
|
27
Wells Fargo
San Francisco,
California
| $857 | – | – | – |
|
28
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $855 | – | – | – |
|
|
BFC
29
Banc Funds Company
Chicago,
Illinois
| – | -$755K | -27,199 | Closed |
|
|
30
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$239K | -8,462 | Closed |
|
|
NA
31
NewEdge Advisors
New Orleans,
Louisiana
| – | -$1.95K | -70 | Closed |
|
FRAF Hedge Fund Activity: Q3 2023 in Review
28 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Franklin Financial Services (FRAF) for Q3 2023, worth a combined $29M — up 5.9% from $27.3M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FRAF and 2 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 9 added.
The largest buyer was Fourthstone LLC, adding an estimated $2.44M. The largest seller was Banc Funds Company, exiting entirely with an estimated $755K sold.
- 28 institutional investors held Franklin Financial Services (FRAF) as of Q3 2023, down from 30 in Q2 2023.
- Funds reported $29M of Franklin Financial Services stock for Q3 2023, up 5.9% quarter-over-quarter.
- 2 funds opened new Franklin Financial Services positions in Q3 2023 and 3 closed out, a net change of -1 holder.
- The largest Franklin Financial Services buyer in Q3 2023 was Fourthstone LLC, an estimated $2.44M added.
- The largest Franklin Financial Services seller in Q3 2023 was Banc Funds Company, an estimated $755K sold.
Based on aggregated 13F filings for Q3 2023.