MetroCity Bankshares
MCBS
37 hedge funds and large institutions have $51M invested in MetroCity Bankshares in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 5 reducing their positions, and 4 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 5
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
60% more capital invested
Capital invested by funds: $31.8M → $51M (+$19.2M)
9% more funds holding
Funds holding: 34 → 37 (+3)
3.36% more ownership
Funds ownership: 10.62% → 13.98% (+3.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$8.9M |
| 2 |
BlackRock
New York
|
+$1.72M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.31M |
| 4 |
Charles Schwab
San Francisco,
California
|
+$1.05M |
| 5 |
Goldman Sachs
New York
|
+$801K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACL
Azora Capital LP
Miami,
Florida
|
-$2.88M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$1.86M |
| 3 |
CIC
Cornercap Investment Counsel
Atlanta,
Georgia
|
-$654K |
| 4 |
IP
Interval Partners
New York
|
-$601K |
| 5 |
Millennium Management
New York
|
-$313K |
MCBS Hedge Fund Activity: Q2 2020 in Review
37 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in MetroCity Bankshares (MCBS) for Q2 2020, worth a combined $51M — up 60% from $31.8M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MCBS positions and 4 closed out — a net gain of 3 holders — while 20 added to existing stakes and 5 trimmed.
The largest buyer was Vanguard Group, adding an estimated $8.9M. The largest seller was Azora Capital LP, exiting entirely with an estimated $2.88M sold.
- 37 institutional investors held MetroCity Bankshares (MCBS) as of Q2 2020, up from 34 in Q1 2020.
- Funds reported $51M of MetroCity Bankshares stock for Q2 2020, up 60% quarter-over-quarter.
- 7 funds opened new MetroCity Bankshares positions in Q2 2020 and 4 closed out, a net change of +3 holders.
- The largest MetroCity Bankshares buyer in Q2 2020 was Vanguard Group, an estimated $8.9M added.
- The largest MetroCity Bankshares seller in Q2 2020 was Azora Capital LP, an estimated $2.88M sold.
Based on aggregated 13F filings for Q2 2020.