Northeast Bank
72 hedge funds and large institutions have $157M invested in Northeast Bank in 2019 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 32 increasing their positions, 17 reducing their positions, and 4 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 17
30% more capital invested
Capital invested by funds: $121M → $157M (+$35.9M)
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1% less funds holding
Funds holding: 73 → 72 (-1)
6.87% less ownership
Funds ownership: 70.88% → 64.01% (-6.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
+$4.95M |
| 2 |
BCM
Basswood Capital Management
New York
|
+$1.52M |
| 3 |
Renaissance Technologies
New York
|
+$886K |
| 4 |
BlackRock
New York
|
+$699K |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$691K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGC
Continental Grain Company
New York
|
-$12.5M |
| 2 |
WSL
Western Standard LLC
Los Angeles,
California
|
-$626K |
| 3 |
Franklin Resources
San Mateo,
California
|
-$322K |
| 4 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$313K |
| 5 |
WF
Welch & Forbes
Boston,
Massachusetts
|
-$290K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Canada Life
Winnipeg,
Manitoba, Canada
| – | +$21 | +1 | +20% |
|
NBN Hedge Fund Activity: Q2 2019 in Review
72 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Northeast Bank (NBN) for Q2 2019, worth a combined $157M — up 30% from $121M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new NBN positions and 4 closed out — a net gain of 1 holder — while 32 added to existing stakes and 17 trimmed.
The largest buyer was Castine Capital Management, adding an estimated $4.95M. The largest seller was Continental Grain Company, exiting entirely with an estimated $12.5M sold.
- 72 institutional investors held Northeast Bank (NBN) as of Q2 2019, down from 73 in Q1 2019.
- Funds reported $157M of Northeast Bank stock for Q2 2019, up 30% quarter-over-quarter.
- 5 funds opened new Northeast Bank positions in Q2 2019 and 4 closed out, a net change of +1 holder.
- The largest Northeast Bank buyer in Q2 2019 was Castine Capital Management, an estimated $4.95M added.
- The largest Northeast Bank seller in Q2 2019 was Continental Grain Company, an estimated $12.5M sold.
Based on aggregated 13F filings for Q2 2019.