German American Bancorp
GABC
74 hedge funds and large institutions have $136M invested in German American Bancorp in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 37 increasing their positions, 14 reducing their positions, and 11 closing their positions.
164% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 14
11% more capital invested
Capital invested by funds: $123M → $136M (+$13.6M)
5% less funds holding
Funds holding: 78 → 74 (-4)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$13.5M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$3.02M |
| 3 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$2.69M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.64M |
| 5 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$1.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
-$2.58M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$1.81M |
| 3 |
MCM
Maltese Capital Management
New York
|
-$1.64M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$626K |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$549K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$626K | -28,200 | Closed |
|
|
CIC
77
Cornercap Investment Counsel
Atlanta,
Georgia
| – | -$527K | -23,711 | Closed |
|
78
Millennium Management
New York
| – | -$429K | -19,292 | Closed |
|
79
Invesco
Atlanta,
Georgia
| – | -$370K | -16,655 | Closed |
|
|
MAM
80
Martingale Asset Management
Boston,
Massachusetts
| – | -$364K | -16,353 | Closed |
|
81
Los Angeles Capital Management
Los Angeles,
California
| – | -$238K | -10,721 | Closed |
|
82
BNP Paribas Financial Markets
Paris,
France
| – | -$83.5K | -3,759 | Closed |
|
83
New York State Teachers Retirement System (NYSTRS)
Albany,
New York
| – | -$13K | -600 | Closed |
|
|
TRCT
84
Tower Research Capital (TRC)
New York
| – | -$10K | -450 | Closed |
|
|
AIM
85
Acrospire Investment Management
Chicago,
Illinois
| – | +$422 | +20 | New |
|
GABC Hedge Fund Activity: Q1 2016 in Review
74 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in German American Bancorp (GABC) for Q1 2016, worth a combined $136M — up 11% from $123M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of GABC and 7 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 37 added.
The largest buyer was Fidelity Investments, adding an estimated $13.5M. The largest seller was Castine Capital Management, exiting entirely with an estimated $2.58M sold.
- 74 institutional investors held German American Bancorp (GABC) as of Q1 2016, down from 78 in Q4 2015.
- Funds reported $136M of German American Bancorp stock for Q1 2016, up 11% quarter-over-quarter.
- 7 funds opened new German American Bancorp positions in Q1 2016 and 11 closed out, a net change of -4 holders.
- The largest German American Bancorp buyer in Q1 2016 was Fidelity Investments, an estimated $13.5M added.
- The largest German American Bancorp seller in Q1 2016 was Castine Capital Management, an estimated $2.58M sold.
Based on aggregated 13F filings for Q1 2016.