Primis Financial Corp
FRST
89 hedge funds and large institutions have $278M invested in Primis Financial Corp in 2017 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 40 increasing their positions, 10 reducing their positions, and 17 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 10
26% more capital invested
Capital invested by funds: $220M → $278M (+$58.3M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
4% less funds holding
Funds holding: 93 → 89 (-4)
24% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCCPI
Castle Creek Capital Partners IV
Rancho Santa Fe,
California
|
+$42.8M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$8.75M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$4.4M |
| 4 |
BlackRock
New York
|
+$3.99M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$5.84M |
| 2 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$4.08M |
| 3 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
-$1.56M |
| 4 |
ESBC
E.S. Barr & Co
Lexington,
Kentucky
|
-$891K |
| 5 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$838K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SO
101
STRS Ohio
Columbus,
Ohio
| – | -$103K | -5,900 | Closed |
|
102
Bessemer Group
Woodbridge,
New Jersey
| – | -$90K | -5,100 | Closed |
|
|
WCM
103
Wealthcare Capital Management
Richmond,
Virginia
| – | -$14K | -818 | Closed |
|
104
Creative Planning
Overland Park,
Kansas
| – | -$9K | -505 | Closed |
|
|
PAM
105
Panagora Asset Management
Boston,
Massachusetts
| – | -$8K | -438 | Closed |
|
|
MAM
106
Meeder Asset Management
Dublin,
Ohio
| – | -$6K | -361 | Closed |
|
FRST Hedge Fund Activity: Q3 2017 in Review
89 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Primis Financial Corp (FRST) for Q3 2017, worth a combined $278M — up 26% from $220M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of FRST and 13 opened new positions — a net loss of 4 holders — while 10 trimmed existing stakes and 40 added.
The largest buyer was Castle Creek Capital Partners IV, adding an estimated $42.8M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $5.84M.
- 89 institutional investors held Primis Financial Corp (FRST) as of Q3 2017, down from 93 in Q2 2017.
- Funds reported $278M of Primis Financial Corp stock for Q3 2017, up 26% quarter-over-quarter.
- 13 funds opened new Primis Financial Corp positions in Q3 2017 and 17 closed out, a net change of -4 holders.
- The largest Primis Financial Corp buyer in Q3 2017 was Castle Creek Capital Partners IV, an estimated $42.8M added.
- The largest Primis Financial Corp seller in Q3 2017 was Manulife (Manufacturers Life Insurance), an estimated $5.84M sold.
Based on aggregated 13F filings for Q3 2017.