Mechanics Bancorp
MCHB
158 hedge funds and large institutions have $621M invested in Mechanics Bancorp in 2017 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 60 increasing their positions, 48 reducing their positions, and 44 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 48
9.7% less ownership
Funds ownership: 92.31% → 82.61% (-9.7%)
11% less funds holding
Funds holding: 178 → 158 (-20)
14% less capital invested
Capital invested by funds: $724M → $621M (-$103M)
21% less call options, than puts
Call options by funds: $1.01M | Put options by funds: $1.28M
30% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 44
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$86.9M |
| 2 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$12.3M |
| 3 |
BCM
Basswood Capital Management
New York
|
+$10.9M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$10.2M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$10.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$19.2M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$9.04M |
| 3 |
OCG
Opus Capital Group
Cincinnati,
Ohio
|
-$8.69M |
| 4 |
Renaissance Technologies
New York
|
-$6.16M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$5.29M |
MCHB Hedge Fund Activity: Q1 2017 in Review
158 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Mechanics Bancorp (MCHB) for Q1 2017, worth a combined $621M — down 14% from $724M a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of MCHB and 31 opened new positions — a net loss of 13 holders — while 48 trimmed existing stakes and 60 added.
The largest buyer was BlackRock, adding an estimated $86.9M. The largest seller was JP Morgan Chase, cutting an estimated $19.2M.
- 158 institutional investors held Mechanics Bancorp (MCHB) as of Q1 2017, down from 178 in Q4 2016.
- Funds reported $621M of Mechanics Bancorp stock for Q1 2017, down 14% quarter-over-quarter.
- 31 funds opened new Mechanics Bancorp positions in Q1 2017 and 44 closed out, a net change of -13 holders.
- The largest Mechanics Bancorp buyer in Q1 2017 was BlackRock, an estimated $86.9M added.
- The largest Mechanics Bancorp seller in Q1 2017 was JP Morgan Chase, an estimated $19.2M sold.
Based on aggregated 13F filings for Q1 2017.