Meridian
MRBK
32 hedge funds and large institutions have $39.4M invested in Meridian in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
14% more funds holding
Funds holding: 28 → 32 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
12.53% less ownership
Funds ownership: 102.36% → 89.84% (-13%)
41% less capital invested
Capital invested by funds: $66.2M → $39.4M (-$26.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$267K |
| 2 |
ECM
ExodusPoint Capital Management
New York
|
+$201K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$192K |
| 4 |
State Street
Boston,
Massachusetts
|
+$190K |
| 5 |
BlackRock
New York
|
+$188K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$4.31M |
| 2 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$2.73M |
| 3 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$699K |
| 4 |
EC
EJF Capital
Arlington,
Virginia
|
-$429K |
| 5 |
MCM
Maltese Capital Management
New York
|
-$255K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| $15K | +$14.8K | +1,600 | +267% |
|
|
CAM
27
ClariVest Asset Management
San Diego,
California
| $5K | – | – | – |
|
28
Morgan Stanley
New York
| $2K | -$10.5K | -1,136 | -76% |
|
|
NFG
29
Next Financial Group
Houston,
Texas
| $2K | +$2.25K | +244 | New |
|
30
Wells Fargo
San Francisco,
California
| $1K | +$719 | +78 | New |
|
31
Citigroup
New York
| $1K | +$1.27K | +138 | New |
|
|
BGIM
32
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
| – | -$699K | -70,000 | Closed |
|
|
EC
33
EJF Capital
Arlington,
Virginia
| – | -$429K | -42,464 | Closed |
|
34
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$387 | +42 | +175% |
|
MRBK Hedge Fund Activity: Q1 2020 in Review
32 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Meridian (MRBK) for Q1 2020, worth a combined $39.4M — down 41% from $66.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MRBK positions and 3 closed out — a net gain of 4 holders — while 8 added to existing stakes and 8 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $267K. The largest seller was Basswood Capital Management, cutting an estimated $4.31M.
- 32 institutional investors held Meridian (MRBK) as of Q1 2020, up from 28 in Q4 2019.
- Funds reported $39.4M of Meridian stock for Q1 2020, down 41% quarter-over-quarter.
- 7 funds opened new Meridian positions in Q1 2020 and 3 closed out, a net change of +4 holders.
- The largest Meridian buyer in Q1 2020 was Millennium Management, an estimated $267K added.
- The largest Meridian seller in Q1 2020 was Basswood Capital Management, an estimated $4.31M sold.
Based on aggregated 13F filings for Q1 2020.