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Primis Financial Corp
FRST

93 hedge funds and large institutions have $220M invested in Primis Financial Corp in 2017 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 34 increasing their positions, 19 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,050% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 2

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

79% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 19

53% more capital invested

Capital invested by funds: $144M → $220M (+$76.7M)

29% more funds holding

Funds holding: 72 → 93 (+21)

Holders
93
Holders Change
+21
Holders Change %
+29.17%
% of All Funds
2.32%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.07%
New
23
Increased
34
Reduced
19
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
+$13.7M
2
CCCPI
Castle Creek Capital Partners IV
California
+$11.6M
3
BFC
Banc Funds Company
Illinois
+$8.95M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$6.19M
5
BlackRock
BlackRock
New York
+$4.89M

Top Sellers

Rank Fund Capital Flow
1
CWM
Concert Wealth Management
California
-$820K
2
Millennium Management
Millennium Management
New York
-$294K
3
JP Morgan Chase
JP Morgan Chase
New York
-$244K
4
AllianceBernstein
AllianceBernstein
Tennessee
-$163K
5
ESBC
E.S. Barr & Co
Kentucky
-$161K
Name Holding Trade Value Shares
Change 		Change in
Stake
AllianceBernstein
26
AllianceBernstein
Tennessee
$1.86M -$163K -9,424 -8%
Geode Capital Management
27
Geode Capital Management
Massachusetts
$1.82M +$483K +27,849 +37%
Bank of New York Mellon
28
Bank of New York Mellon
New York
$1.75M +$512K +29,566 +42%
JP Morgan Chase
29
JP Morgan Chase
New York
$1.71M -$244K -14,097 -13%
PH
30
Pinnacle Holdings
Oklahoma
$1.64M +$1.62M +93,412 New
WSTAM
31
Wilbanks Smith & Thomas Asset Management
Virginia
$1.57M +$4.04K +233 +0.3%
IGIM
32
I.G. Investment Management
Manitoba, Canada
$1.56M – – –
BCM
33
BHZ Capital Management
California
$1.41M +$89.9K +5,190 +7%
Deutsche Bank
34
Deutsche Bank
Germany
$1.27M +$477K +27,504 +62%
EM
35
ELCO Management
New York
$1.2M -$58.7K -3,389 -5%
IFWM
36
Institute for Wealth Management
Colorado
$884K +$871K +50,248 New
CSC
37
Cove Street Capital
California
$880K – – –
LSV Asset Management
38
LSV Asset Management
Illinois
$728K – – –
California Public Employees Retirement System
39
California Public Employees Retirement System
California
$711K +$364K +20,998 +108%
Russell Investments Group
40
Russell Investments Group
United Kingdom
$693K -$151K -8,706 -18%
Morgan Stanley
41
Morgan Stanley
New York
$617K +$124K +7,168 +26%
TCIM
42
TIAA CREF Investment Management
New York
$568K -$35.6K -2,053 -6%
HCM
43
Huber Capital Management
California
$517K +$509K +29,366 New
California State Teachers Retirement System (CalSTRS)
44
California State Teachers Retirement System (CalSTRS)
California
$496K +$98.8K +5,700 +25%
PNC Financial Services Group
45
PNC Financial Services Group
Pennsylvania
$488K +$65.8K +3,800 +16%
Wells Fargo
46
Wells Fargo
California
$443K +$324K +18,697 +289%
Mariner
47
Mariner
Kansas
$440K – – –
BFO
48
Boston Family Office
Massachusetts
$421K – – –
RC
49
RBF Capital
California
$418K +$412K +23,763 New
Millennium Management
50
Millennium Management
New York
$383K -$294K -16,961 -44%
1
2
3 4

FRST Hedge Fund Activity: Q2 2017 in Review

93 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Primis Financial Corp (FRST) for Q2 2017, worth a combined $220M — up 53% from $144M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new FRST positions and 2 closed out — a net gain of 21 holders — while 34 added to existing stakes and 19 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $13.7M. The largest seller was Concert Wealth Management, exiting entirely with an estimated $820K sold.

  • 93 institutional investors held Primis Financial Corp (FRST) as of Q2 2017, up from 72 in Q1 2017.
  • Funds reported $220M of Primis Financial Corp stock for Q2 2017, up 53% quarter-over-quarter.
  • 23 funds opened new Primis Financial Corp positions in Q2 2017 and 2 closed out, a net change of +21 holders.
  • The largest Primis Financial Corp buyer in Q2 2017 was Wellington Management Group, an estimated $13.7M added.
  • The largest Primis Financial Corp seller in Q2 2017 was Concert Wealth Management, an estimated $820K sold.

Based on aggregated 13F filings for Q2 2017.