Primis Financial Corp
FRST
32 hedge funds and large institutions have $70.2M invested in Primis Financial Corp in 2013 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 4 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 6
7% more capital invested
Capital invested by funds: $65.5M → $70.2M (+$4.68M)
6% less funds holding
Funds holding: 34 → 32 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$653K |
| 2 |
RA
Royce & Associates
New York
|
+$539K |
| 3 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$202K |
| 4 |
AWCI
Alpine Woods Capital Investors
Purchase,
New York
|
+$196K |
| 5 |
ESBC
E.S. Barr & Co
Lexington,
Kentucky
|
+$153K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$919K |
| 2 |
RMC
Regis Management Company
Menlo Park,
California
|
-$298K |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$216K |
| 4 |
WSTAM
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
|
-$196K |
| 5 |
Goldman Sachs
New York
|
-$32K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Morgan Stanley
New York
| $168K | – | – | – |
|
27
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $142K | – | – | – |
|
28
Bank of New York Mellon
New York
| $107K | +$105K | +10,701 | New |
|
29
Northern Trust
Chicago,
Illinois
| $104K | – | – | – |
|
|
U
30
UBS
Zurich,
Switzerland
| $26K | -$7.39K | -752 | -23% |
|
31
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $20K | +$16.5K | +1,679 | +420% |
|
32
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $10 | +$7.79K | +793 | +335% |
|
|
RMC
33
Regis Management Company
Menlo Park,
California
| – | -$298K | -30,951 | Closed |
|
|
TRCT
34
Tower Research Capital (TRC)
New York
| – | -$9K | -900 | Closed |
|
35
Bank of America
Charlotte,
North Carolina
| – | -$3K | -341 | Closed |
|
36
Wells Fargo
San Francisco,
California
| – | -$10 | -1 | Closed |
|
FRST Hedge Fund Activity: Q4 2013 in Review
32 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Primis Financial Corp (FRST) for Q4 2013, worth a combined $70.2M — up 7.1% from $65.5M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of FRST and 2 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 11 added.
The largest buyer was THB Asset Management, adding an estimated $653K. The largest seller was Lord, Abbett & Co, cutting an estimated $919K.
- 32 institutional investors held Primis Financial Corp (FRST) as of Q4 2013, down from 34 in Q3 2013.
- Funds reported $70.2M of Primis Financial Corp stock for Q4 2013, up 7.1% quarter-over-quarter.
- 2 funds opened new Primis Financial Corp positions in Q4 2013 and 4 closed out, a net change of -2 holders.
- The largest Primis Financial Corp buyer in Q4 2013 was THB Asset Management, an estimated $653K added.
- The largest Primis Financial Corp seller in Q4 2013 was Lord, Abbett & Co, an estimated $919K sold.
Based on aggregated 13F filings for Q4 2013.