Primis Financial Corp
FRST
58 hedge funds and large institutions have $87.3M invested in Primis Financial Corp in 2016 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 11 increasing their positions, 19 reducing their positions, and 1 closing their positions.
1,100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 1
23% more funds holding
Funds holding: 47 → 58 (+11)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less capital invested
Capital invested by funds: $95.5M → $87.3M (-$8.2M)
42% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$1.11M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$430K |
| 3 |
MCM
Maltese Capital Management
New York
|
+$318K |
| 4 |
Millennium Management
New York
|
+$304K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$296K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$1.3M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$496K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$360K |
| 4 |
AWCI
Alpine Woods Capital Investors
Purchase,
New York
|
-$280K |
| 5 |
WSTAM
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
|
-$266K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SSB
51
Sandy Spring Bank
Olney,
Maryland
| $11K | – | – | – |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| $11K | +$11.1K | +874 | New |
|
53
US Bancorp
Minneapolis,
Minnesota
| $10K | -$1.34K | -105 | -11% |
|
54
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $4K | – | – | – |
|
|
GT
55
Glenmede Trust
Philadelphia,
Pennsylvania
| $3K | – | – | – |
|
56
Wells Fargo
San Francisco,
California
| $2K | +$2.56K | +201 | New |
|
|
NFA
57
Nationwide Fund Advisors
Columbus,
Ohio
| $1K | – | – | – |
|
58
Geode Capital Management
Boston,
Massachusetts
| $355 | +$20.8K | +1,639 | +6% |
|
|
59
Stifel Financial
St. Louis,
Missouri
| – | -$360K | -27,600 | Closed |
|
FRST Hedge Fund Activity: Q1 2016 in Review
58 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Primis Financial Corp (FRST) for Q1 2016, worth a combined $87.3M — down 8.6% from $95.5M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FRST positions and 1 closed out — a net gain of 11 holders — while 11 added to existing stakes and 19 trimmed.
The largest buyer was AllianceBernstein, opening a new position worth an estimated $1.11M. The largest seller was THB Asset Management, cutting an estimated $1.3M.
- 58 institutional investors held Primis Financial Corp (FRST) as of Q1 2016, up from 47 in Q4 2015.
- Funds reported $87.3M of Primis Financial Corp stock for Q1 2016, down 8.6% quarter-over-quarter.
- 12 funds opened new Primis Financial Corp positions in Q1 2016 and 1 closed out, a net change of +11 holders.
- The largest Primis Financial Corp buyer in Q1 2016 was AllianceBernstein, an estimated $1.11M added.
- The largest Primis Financial Corp seller in Q1 2016 was THB Asset Management, an estimated $1.3M sold.
Based on aggregated 13F filings for Q1 2016.