Primis Financial Corp
FRST
122 hedge funds and large institutions have $230M invested in Primis Financial Corp in 2024 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 49 increasing their positions, 34 reducing their positions, and 12 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 34
17% more capital invested
Capital invested by funds: $197M → $230M (+$32.9M)
4.15% more ownership
Funds ownership: 72.48% → 76.63% (+4.2%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
2% less funds holding
Funds holding: 125 → 122 (-3)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
+$10.5M |
| 2 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$2.13M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
+$1.12M |
| 4 |
II
Inspire Investing
Meridian,
Idaho
|
+$803K |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$706K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
-$1.4M |
| 2 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$714K |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$667K |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$656K |
| 5 |
Prudential Financial
Newark,
New Jersey
|
-$593K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
D.E. Shaw & Co
New York
| – | -$345K | -32,910 | Closed |
|
127
MML Investors Services
Springfield,
Massachusetts
| – | -$265K | -25,326 | Closed |
|
|
QC
128
Quadrature Capital
London,
United Kingdom
| – | -$151K | -14,424 | Closed |
|
129
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
| – | -$106K | -10,132 | Closed |
|
|
ACM
130
Aquatic Capital Management
Chicago,
Illinois
| – | -$30.4K | -2,900 | Closed |
|
|
SWM
131
Spire Wealth Management
Mclean,
Virginia
| – | -$6.86K | -655 | Closed |
|
|
QCG
132
Quadrant Capital Group
Cincinnati,
Ohio
| – | -$766 | -73 | Closed |
|
|
IC
133
Innealta Capital
Austin,
Texas
| – | -$650 | -62 | Closed |
|
|
C
134
Covestor
London,
United Kingdom
| – | +$35 | +3 | +60% |
|
FRST Hedge Fund Activity: Q3 2024 in Review
122 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Primis Financial Corp (FRST) for Q3 2024, worth a combined $230M — up 17% from $197M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FRST and 9 opened new positions — a net loss of 3 holders — while 34 trimmed existing stakes and 49 added.
The largest buyer was Mendon Capital Advisors, adding an estimated $10.5M. The largest seller was LSV Asset Management, exiting entirely with an estimated $1.4M sold.
- 122 institutional investors held Primis Financial Corp (FRST) as of Q3 2024, down from 125 in Q2 2024.
- Funds reported $230M of Primis Financial Corp stock for Q3 2024, up 17% quarter-over-quarter.
- 9 funds opened new Primis Financial Corp positions in Q3 2024 and 12 closed out, a net change of -3 holders.
- The largest Primis Financial Corp buyer in Q3 2024 was Mendon Capital Advisors, an estimated $10.5M added.
- The largest Primis Financial Corp seller in Q3 2024 was LSV Asset Management, an estimated $1.4M sold.
Based on aggregated 13F filings for Q3 2024.