Northeast Bank
28 hedge funds and large institutions have $31.3M invested in Northeast Bank in 2014 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 3 reducing their positions, and 2 closing their positions.
233% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 3
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
2% less capital invested
Capital invested by funds: $31.8M → $31.3M (-$586K)
3% less funds holding
Funds holding: 29 → 28 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
+$420K |
| 2 |
Boston Partners
Boston,
Massachusetts
|
+$307K |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$254K |
| 4 |
MFP
Michael F. Price
|
+$210K |
| 5 |
Franklin Resources
San Mateo,
California
|
+$204K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$2.94M |
| 2 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$483K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$45.4K |
| 4 |
Morgan Stanley
New York
|
-$37.6K |
| 5 |
State Street
Boston,
Massachusetts
|
-$10.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
UBS Group
Zurich,
Switzerland
| $8K | +$7.57K | +834 | New |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $1K | +$136 | +15 | +15% |
|
|
HCM
28
Highfields Capital Management
Boston,
Massachusetts
| – | -$2.94M | -317,286 | Closed |
|
|
EMFAT
29
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
| – | -$483K | -52,180 | Closed |
|
NBN Hedge Fund Activity: Q4 2014 in Review
28 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in Northeast Bank (NBN) for Q4 2014, worth a combined $31.3M — down 1.8% from $31.8M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new NBN positions and 2 closed out — a net gain of 1 holder — while 10 added to existing stakes and 3 trimmed.
The largest buyer was Municipal Employees' Retirement System of Michigan, opening a new position worth an estimated $420K. The largest seller was Highfields Capital Management, exiting entirely with an estimated $2.94M sold.
- 28 institutional investors held Northeast Bank (NBN) as of Q4 2014, down from 29 in Q3 2014.
- Funds reported $31.3M of Northeast Bank stock for Q4 2014, down 1.8% quarter-over-quarter.
- 3 funds opened new Northeast Bank positions in Q4 2014 and 2 closed out, a net change of +1 holder.
- The largest Northeast Bank buyer in Q4 2014 was Municipal Employees' Retirement System of Michigan, an estimated $420K added.
- The largest Northeast Bank seller in Q4 2014 was Highfields Capital Management, an estimated $2.94M sold.
Based on aggregated 13F filings for Q4 2014.