Northeast Bank
71 hedge funds and large institutions have $128M invested in Northeast Bank in 2019 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 25 increasing their positions, 23 reducing their positions, and 7 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 23
0.32% more ownership
Funds ownership: 64.01% → 64.32% (+0.32%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1% less funds holding
Funds holding: 72 → 71 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
18% less capital invested
Capital invested by funds: $157M → $128M (-$28.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$2.95M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
+$536K |
| 3 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$308K |
| 4 |
WF
Welch & Forbes
Boston,
Massachusetts
|
+$298K |
| 5 |
Millennium Management
New York
|
+$237K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$1M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$628K |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$556K |
| 4 |
PCM
Perritt Capital Management
Chicago,
Illinois
|
-$538K |
| 5 |
Two Sigma Investments
New York
|
-$457K |
NBN Hedge Fund Activity: Q3 2019 in Review
71 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Northeast Bank (NBN) for Q3 2019, worth a combined $128M — down 18% from $157M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NBN and 6 opened new positions — a net loss of 1 holder — while 23 trimmed existing stakes and 25 added.
The largest buyer was Basswood Capital Management, adding an estimated $2.95M. The largest seller was Martingale Asset Management, cutting an estimated $1M.
- 71 institutional investors held Northeast Bank (NBN) as of Q3 2019, down from 72 in Q2 2019.
- Funds reported $128M of Northeast Bank stock for Q3 2019, down 18% quarter-over-quarter.
- 6 funds opened new Northeast Bank positions in Q3 2019 and 7 closed out, a net change of -1 holder.
- The largest Northeast Bank buyer in Q3 2019 was Basswood Capital Management, an estimated $2.95M added.
- The largest Northeast Bank seller in Q3 2019 was Martingale Asset Management, an estimated $1M sold.
Based on aggregated 13F filings for Q3 2019.