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Primis Financial Corp
FRST

103 hedge funds and large institutions have $166M invested in Primis Financial Corp in 2023 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 39 increasing their positions, 27 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

44% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 27

9% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 11

1.3% less ownership

Funds ownership: 71.03% → 69.73% (-1.3%)

2% less funds holding

Funds holding: 105 → 103 (-2)

15% less capital invested

Capital invested by funds: $196M → $166M (-$30.4M)

Holders
103
Holders Change
-2
Holders Change %
-1.9%
% of All Funds
1.64%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
10
Increased
39
Reduced
27
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
+$2.8M
2
Morgan Stanley
Morgan Stanley
New York
+$774K
3
CRC
Curi RMB Capital
Illinois
+$713K
4
CWA
CM Wealth Advisors
Ohio
+$358K
5
Goldman Sachs
Goldman Sachs
New York
+$346K

Top Sellers

Rank Fund Capital Flow
1
PCM
Penn Capital Management
Pennsylvania
-$1.21M
2
LSV Asset Management
LSV Asset Management
Illinois
-$1.11M
3
Millennium Management
Millennium Management
New York
-$1.05M
4
EMFAT
Emerald Mutual Fund Advisers Trust
Pennsylvania
-$841K
5
FL
Fourthstone LLC
Missouri
-$810K
Name Holding Trade Value Shares
Change 		Change in
Stake
Northern Trust
26
Northern Trust
Illinois
$1.7M -$41.1K -3,629 -2%
Bank of New York Mellon
27
Bank of New York Mellon
New York
$1.63M -$33.2K -2,928 -2%
BCM
28
Bridgeway Capital Management
Texas
$1.44M -$37.7K -3,325 -2%
LSV Asset Management
29
LSV Asset Management
Illinois
$1.18M -$1.11M -98,408 -45%
PU
30
Petiole USA
New York
$1.05M – – –
American Century Companies
31
American Century Companies
Missouri
$1.03M +$19.4K +1,715 +2%
OF
32
Outfitter Financial
Maine
$849K +$16.8K +1,485 +2%
WSTAM
33
Wilbanks Smith & Thomas Asset Management
Virginia
$829K – – –
Victory Capital Management
34
Victory Capital Management
Texas
$820K +$27.7K +2,442 +3%
N
35
Nuveen
North Carolina
$685K -$71.1K -6,279 -8%
PH
36
Pinnacle Holdings
Oklahoma
$664K +$43.7K +3,855 +6%
EMFAT
37
Emerald Mutual Fund Advisers Trust
Pennsylvania
$656K -$841K -74,237 -52%
JP Morgan Chase
38
JP Morgan Chase
New York
$603K -$190K -16,781 -21%
Charles Schwab
39
Charles Schwab
California
$595K +$18.3K +1,615 +3%
Ameriprise
40
Ameriprise
Minnesota
$548K +$285K +25,119 +79%
Two Sigma Advisers
41
Two Sigma Advisers
New York
$544K +$36.2K +3,200 +6%
Goldman Sachs
42
Goldman Sachs
New York
$544K +$346K +30,589 +118%
Jacobs Levy Equity Management
43
Jacobs Levy Equity Management
New Jersey
$515K -$1.01K -89 -0.2%
SO
44
STRS Ohio
Ohio
$508K +$79.3K +7,000 +15%
Two Sigma Investments
45
Two Sigma Investments
New York
$464K -$48.4K -4,277 -8%
PCM
46
Penn Capital Management
Pennsylvania
$433K -$1.21M -107,001 -70%
EM
47
ELCO Management
New York
$420K – – –
Prudential Financial
48
Prudential Financial
New Jersey
$397K +$157K +13,900 +51%
RhumbLine Advisers
49
RhumbLine Advisers
Massachusetts
$367K +$50.8K +4,489 +13%
TA
50
Teton Advisors
New York
$308K – – –
1
2
3 4 5

FRST Hedge Fund Activity: Q1 2023 in Review

103 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Primis Financial Corp (FRST) for Q1 2023, worth a combined $166M — down 15% from $196M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of FRST and 10 opened new positions — a net loss of 1 holder — while 27 trimmed existing stakes and 39 added.

The largest buyer was AllianceBernstein, adding an estimated $2.8M. The largest seller was Penn Capital Management, cutting an estimated $1.21M.

  • 103 institutional investors held Primis Financial Corp (FRST) as of Q1 2023, down from 105 in Q4 2022.
  • Funds reported $166M of Primis Financial Corp stock for Q1 2023, down 15% quarter-over-quarter.
  • 10 funds opened new Primis Financial Corp positions in Q1 2023 and 11 closed out, a net change of -1 holder.
  • The largest Primis Financial Corp buyer in Q1 2023 was AllianceBernstein, an estimated $2.8M added.
  • The largest Primis Financial Corp seller in Q1 2023 was Penn Capital Management, an estimated $1.21M sold.

Based on aggregated 13F filings for Q1 2023.