Northeast Bank
81 hedge funds and large institutions have $145M invested in Northeast Bank in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 24 increasing their positions, 30 reducing their positions, and 10 closing their positions.
1.64% less ownership
Funds ownership: 53.74% → 52.11% (-1.6%)
8% less funds holding
Funds holding: 88 → 81 (-7)
15% less capital invested
Capital invested by funds: $170M → $145M (-$24.7M)
20% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 30
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Gator Capital Management
Tampa,
Florida
|
+$4.91M |
| 2 |
TWM
Trevian Wealth Management
Weston,
Massachusetts
|
+$1.14M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$918K |
| 4 |
CIC
Cornercap Investment Counsel
Atlanta,
Georgia
|
+$496K |
| 5 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
+$476K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UIC
Uniplan Investment Counsel
Milwaukee,
Wisconsin
|
-$5.65M |
| 2 |
EI
EAM Investors
Solana Beach,
California
|
-$1.92M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
-$843K |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$697K |
| 5 |
Renaissance Technologies
New York
|
-$519K |
NBN Hedge Fund Activity: Q1 2023 in Review
81 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Northeast Bank (NBN) for Q1 2023, worth a combined $145M — down 15% from $170M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NBN and 4 opened new positions — a net loss of 6 holders — while 30 trimmed existing stakes and 24 added.
The largest buyer was Gator Capital Management, opening a new position worth an estimated $4.91M. The largest seller was Uniplan Investment Counsel, exiting entirely with an estimated $5.65M sold.
- 81 institutional investors held Northeast Bank (NBN) as of Q1 2023, down from 88 in Q4 2022.
- Funds reported $145M of Northeast Bank stock for Q1 2023, down 15% quarter-over-quarter.
- 4 funds opened new Northeast Bank positions in Q1 2023 and 10 closed out, a net change of -6 holders.
- The largest Northeast Bank buyer in Q1 2023 was Gator Capital Management, an estimated $4.91M added.
- The largest Northeast Bank seller in Q1 2023 was Uniplan Investment Counsel, an estimated $5.65M sold.
Based on aggregated 13F filings for Q1 2023.