Northeast Bank
43 hedge funds and large institutions have $56.3M invested in Northeast Bank in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
25% more capital invested
Capital invested by funds: $45.2M → $56.3M (+$11.1M)
13% more funds holding
Funds holding: 38 → 43 (+5)
2.93% more ownership
Funds ownership: 46.09% → 49.02% (+2.9%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$1.4M |
| 2 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$1.18M |
| 3 |
EVC
Eidelman Virant Capital
Saint Louis,
Missouri
|
+$768K |
| 4 |
PCM
Perritt Capital Management
Chicago,
Illinois
|
+$752K |
| 5 |
BCM
BHZ Capital Management
San Jose,
California
|
+$681K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MG
Magnolia Group
Omaha,
Nebraska
|
-$2.14M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$456K |
| 3 |
Renaissance Technologies
New York
|
-$258K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$165K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$155K |
NBN Hedge Fund Activity: Q1 2017 in Review
43 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Northeast Bank (NBN) for Q1 2017, worth a combined $56.3M — up 25% from $45.2M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NBN positions and 3 closed out — a net gain of 5 holders — while 12 added to existing stakes and 9 trimmed.
The largest buyer was Pacific Ridge Capital Partners, opening a new position worth an estimated $1.4M. The largest seller was Magnolia Group, exiting entirely with an estimated $2.14M sold.
- 43 institutional investors held Northeast Bank (NBN) as of Q1 2017, up from 38 in Q4 2016.
- Funds reported $56.3M of Northeast Bank stock for Q1 2017, up 25% quarter-over-quarter.
- 8 funds opened new Northeast Bank positions in Q1 2017 and 3 closed out, a net change of +5 holders.
- The largest Northeast Bank buyer in Q1 2017 was Pacific Ridge Capital Partners, an estimated $1.4M added.
- The largest Northeast Bank seller in Q1 2017 was Magnolia Group, an estimated $2.14M sold.
Based on aggregated 13F filings for Q1 2017.