Northeast Bank
59 hedge funds and large institutions have $90.4M invested in Northeast Bank in 2020 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 18 increasing their positions, 27 reducing their positions, and 5 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
44% more capital invested
Capital invested by funds: $62.5M → $90.4M (+$27.8M)
2.14% less ownership
Funds ownership: 59.65% → 57.51% (-2.1%)
5% less funds holding
Funds holding: 62 → 59 (-3)
33% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 27
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$2.09M |
| 2 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$897K |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$695K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$443K |
| 5 |
State Street
Boston,
Massachusetts
|
+$299K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
-$3.5M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$1.26M |
| 3 |
BlackRock
New York
|
-$517K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$433K |
| 5 |
GC
Gratus Capital
Atlanta,
Georgia
|
-$380K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| $18K | -$42.9K | -2,826 | -73% |
|
52
Federated Hermes
Pittsburgh,
Pennsylvania
| $18K | +$805 | +53 | +5% |
|
53
Legal & General Group
London,
United Kingdom
| $17K | – | – | – |
|
|
AIP
54
Ameritas Investment Partners
Lincoln,
Nebraska
| $11K | – | – | – |
|
55
Royal Bank of Canada
Toronto,
Ontario, Canada
| $6K | -$15.4K | -1,013 | -74% |
|
56
BNP Paribas Financial Markets
Paris,
France
| $3.93K | -$35.7K | -2,351 | -91% |
|
|
OSAM
57
O'Shaughnessy Asset Management
Stamford,
Connecticut
| $3K | -$47.1K | -3,099 | -95% |
|
|
FHA
58
Flagship Harbor Advisors
Boston,
Massachusetts
| $1K | – | – | – |
|
|
MG
59
Magnolia Group
Omaha,
Nebraska
| – | -$330K | -28,273 | Closed |
|
|
MERSOM
60
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
| – | -$262K | -22,490 | Closed |
|
|
MSL
61
Mackay Shields LLC
New York
| – | -$170K | -14,523 | Closed |
|
|
MAM
62
Meeder Asset Management
Dublin,
Ohio
| – | -$19K | -1,492 | Closed |
|
|
QI
63
QS Investors
New York
| – | -$6K | -501 | Closed |
|
64
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$15 | -1 | -20% |
|
NBN Hedge Fund Activity: Q2 2020 in Review
59 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Northeast Bank (NBN) for Q2 2020, worth a combined $90.4M — up 44% from $62.5M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NBN and 3 opened new positions — a net loss of 2 holders — while 27 trimmed existing stakes and 18 added.
The largest buyer was Basswood Capital Management, adding an estimated $2.09M. The largest seller was Castine Capital Management, cutting an estimated $3.5M.
- 59 institutional investors held Northeast Bank (NBN) as of Q2 2020, down from 62 in Q1 2020.
- Funds reported $90.4M of Northeast Bank stock for Q2 2020, up 44% quarter-over-quarter.
- 3 funds opened new Northeast Bank positions in Q2 2020 and 5 closed out, a net change of -2 holders.
- The largest Northeast Bank buyer in Q2 2020 was Basswood Capital Management, an estimated $2.09M added.
- The largest Northeast Bank seller in Q2 2020 was Castine Capital Management, an estimated $3.5M sold.
Based on aggregated 13F filings for Q2 2020.