Northeast Bank
NBN
26 hedge funds and large institutions have $36.6M invested in Northeast Bank in 2013 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 3 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
6% less capital invested
Capital invested by funds: $39M → $36.6M (-$2.4M)
7% less funds holding
Funds holding: 28 → 26 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$49.4K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$40.3K |
| 3 |
Boston Partners
Boston,
Massachusetts
|
+$35.5K |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$35.5K |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
+$26.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$3.45M |
| 2 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
-$536K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$7K |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$5.41K |
| 5 |
SAS
Spectrum Advisory Services
Atlanta,
Georgia
|
-$2.04K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Bank of New York Mellon
New York
| – | -$3.45M | -357,042 | Closed |
|
|
27
Bank of America
Charlotte,
North Carolina
| – | -$7K | -773 | Closed |
|
|
GC
28
Globeflex Capital
San Diego,
California
| – | -$1K | -145 | Closed |
|
NBN Hedge Fund Activity: Q3 2013 in Review
26 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Northeast Bank (NBN) for Q3 2013, worth a combined $36.6M — down 6.2% from $39M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of NBN and 1 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 6 added.
The largest buyer was Brandywine Global Investment Management, adding an estimated $49.4K. The largest seller was Bank of New York Mellon, exiting entirely with an estimated $3.45M sold.
- 26 institutional investors held Northeast Bank (NBN) as of Q3 2013, down from 28 in Q2 2013.
- Funds reported $36.6M of Northeast Bank stock for Q3 2013, down 6.2% quarter-over-quarter.
- 1 fund opened new Northeast Bank positions in Q3 2013 and 3 closed out, a net change of -2 holders.
- The largest Northeast Bank buyer in Q3 2013 was Brandywine Global Investment Management, an estimated $49.4K added.
- The largest Northeast Bank seller in Q3 2013 was Bank of New York Mellon, an estimated $3.45M sold.
Based on aggregated 13F filings for Q3 2013.