Primis Financial Corp
FRST
104 hedge funds and large institutions have $166M invested in Primis Financial Corp in 2023 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 38 increasing their positions, 27 reducing their positions, and 11 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
41% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 27
3.47% more ownership
Funds ownership: 66.26% → 69.73% (+3.5%)
0% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 11
1% less funds holding
Funds holding: 105 → 104 (-1)
15% less capital invested
Capital invested by funds: $196M → $166M (-$30.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$2.8M |
| 2 |
Morgan Stanley
New York
|
+$774K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$713K |
| 4 |
CWA
CM Wealth Advisors
Beachwood,
Ohio
|
+$358K |
| 5 |
Goldman Sachs
New York
|
+$346K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$1.21M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
-$1.11M |
| 3 |
Millennium Management
New York
|
-$1.05M |
| 4 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$841K |
| 5 |
FL
Fourthstone LLC
St Louis,
Missouri
|
-$810K |
FRST Hedge Fund Activity: Q1 2023 in Review
104 of the 6,283 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.
Fund positioning in FRST was balanced in Q1 2023: 11 funds opened new positions, 11 closed out, 38 added to existing stakes and 27 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $2.8M. The largest seller was Penn Capital Management, cutting an estimated $1.21M.
- 104 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.
- 11 funds opened new Primis Financial Corp positions in Q1 2023 and 11 closed out, a net change of 0 holders.
- 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.