Franklin Financial Services
FRAF
30 hedge funds and large institutions have $28.1M invested in Franklin Financial Services in 2024 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 4 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
0.87% less ownership
Funds ownership: 25.39% → 24.52% (-0.87%)
6% less funds holding
Funds holding: 32 → 30 (-2)
19% less capital invested
Capital invested by funds: $34.9M → $28.1M (-$6.78M)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$764K |
| 2 |
Jane Street
New York
|
+$455K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$125K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$97.4K |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$59.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMTCOCP
Farmers & Merchants Trust Co of Chambersburg PA
Chambersburg,
Pennsylvania
|
-$921K |
| 2 |
Morgan Stanley
New York
|
-$635K |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$309K |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$235K |
| 5 |
6CM
683 Capital Management
New York
|
-$205K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
26
Tower Research Capital (TRC)
New York
| $13.4K | +$28 | +1 | +0.2% |
|
27
Fidelity Investments
Boston,
Massachusetts
| $9.49K | – | – | – |
|
28
Osaic Holdings
Scottsdale,
Arizona
| $8.05K | – | – | – |
|
29
Wells Fargo
San Francisco,
California
| $859 | -$4.91K | -173 | -84% |
|
30
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $786 | – | – | – |
|
|
31
Balyasny Asset Management
Chicago,
Illinois
| – | -$309K | -9,794 | Closed |
|
|
32
Northern Trust
Chicago,
Illinois
| – | -$235K | -7,450 | Closed |
|
|
6CM
33
683 Capital Management
New York
| – | -$205K | -6,498 | Closed |
|
34
JP Morgan Chase
New York
| – | -$81.6K | -2,586 | Closed |
|
FRAF Hedge Fund Activity: Q1 2024 in Review
30 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Franklin Financial Services (FRAF) for Q1 2024, worth a combined $28.1M — down 19% from $34.9M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of FRAF and 2 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 11 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $764K. The largest seller was Farmers & Merchants Trust Co of Chambersburg PA, cutting an estimated $921K.
- 30 institutional investors held Franklin Financial Services (FRAF) as of Q1 2024, down from 32 in Q4 2023.
- Funds reported $28.1M of Franklin Financial Services stock for Q1 2024, down 19% quarter-over-quarter.
- 2 funds opened new Franklin Financial Services positions in Q1 2024 and 4 closed out, a net change of -2 holders.
- The largest Franklin Financial Services buyer in Q1 2024 was Susquehanna International Group, an estimated $764K added.
- The largest Franklin Financial Services seller in Q1 2024 was Farmers & Merchants Trust Co of Chambersburg PA, an estimated $921K sold.
Based on aggregated 13F filings for Q1 2024.