Mechanics Bancorp
MCHB
97 hedge funds and large institutions have $212M invested in Mechanics Bancorp in 2024 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 26 increasing their positions, 38 reducing their positions, and 34 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
39% more capital invested
Capital invested by funds: $153M → $212M (+$59M)
1% less call options, than puts
Call options by funds: $849K | Put options by funds: $859K
3.79% less ownership
Funds ownership: 77.26% → 73.47% (-3.8%)
14% less funds holding
Funds holding: 113 → 97 (-16)
32% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 38
47% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$15.2M |
| 2 |
MCM
Maltese Capital Management
New York
|
+$14.7M |
| 3 |
MAP
Madison Avenue Partners
New York
|
+$12.4M |
| 4 |
PU
Petiole USA
New York
|
+$5.66M |
| 5 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$4.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
-$19.2M |
| 2 |
Morgan Stanley
New York
|
-$8.78M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$7.14M |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
-$6M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$4.72M |
MCHB Hedge Fund Activity: Q1 2024 in Review
97 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Mechanics Bancorp (MCHB) for Q1 2024, worth a combined $212M — up 39% from $153M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of MCHB and 18 opened new positions — a net loss of 16 holders — while 38 trimmed existing stakes and 26 added.
The largest buyer was Philadelphia Financial Management of San Francisco, opening a new position worth an estimated $15.2M. The largest seller was Fourthstone LLC, exiting entirely with an estimated $19.2M sold.
- 97 institutional investors held Mechanics Bancorp (MCHB) as of Q1 2024, down from 113 in Q4 2023.
- Funds reported $212M of Mechanics Bancorp stock for Q1 2024, up 39% quarter-over-quarter.
- 18 funds opened new Mechanics Bancorp positions in Q1 2024 and 34 closed out, a net change of -16 holders.
- The largest Mechanics Bancorp buyer in Q1 2024 was Philadelphia Financial Management of San Francisco, an estimated $15.2M added.
- The largest Mechanics Bancorp seller in Q1 2024 was Fourthstone LLC, an estimated $19.2M sold.
Based on aggregated 13F filings for Q1 2024.