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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$13.7M |
| 2 |
CCCPI
Castle Creek Capital Partners IV
Rancho Santa Fe,
California
|
+$11.6M |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$8.95M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$6.19M |
| 5 |
BlackRock
New York
|
+$4.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Concert Wealth Management
San Jose,
California
|
-$820K |
| 2 |
Millennium Management
New York
|
-$294K |
| 3 |
JP Morgan Chase
New York
|
-$244K |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$163K |
| 5 |
ESBC
E.S. Barr & Co
Lexington,
Kentucky
|
-$161K |
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.