Northeast Bank
73 hedge funds and large institutions have $121M invested in Northeast Bank in 2019 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 25 reducing their positions, and 10 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
18% more capital invested
Capital invested by funds: $102M → $121M (+$18.4M)
3.39% less ownership
Funds ownership: 74.27% → 70.88% (-3.4%)
5% less funds holding
Funds holding: 77 → 73 (-4)
24% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 25
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
+$12.7M |
| 2 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$1.03M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$616K |
| 4 |
Two Sigma Investments
New York
|
+$410K |
| 5 |
Renaissance Technologies
New York
|
+$342K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGC
Continental Grain Company
New York
|
-$16.4M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$1.12M |
| 3 |
SCP
Seizert Capital Partners
Birmingham,
Michigan
|
-$1.08M |
| 4 |
WSL
Western Standard LLC
Los Angeles,
California
|
-$725K |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$369K |
NBN Hedge Fund Activity: Q1 2019 in Review
73 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Northeast Bank (NBN) for Q1 2019, worth a combined $121M — up 18% from $102M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NBN and 6 opened new positions — a net loss of 4 holders — while 25 trimmed existing stakes and 19 added.
The largest buyer was Castine Capital Management, opening a new position worth an estimated $12.7M. The largest seller was Continental Grain Company, cutting an estimated $16.4M.
- 73 institutional investors held Northeast Bank (NBN) as of Q1 2019, down from 77 in Q4 2018.
- Funds reported $121M of Northeast Bank stock for Q1 2019, up 18% quarter-over-quarter.
- 6 funds opened new Northeast Bank positions in Q1 2019 and 10 closed out, a net change of -4 holders.
- The largest Northeast Bank buyer in Q1 2019 was Castine Capital Management, an estimated $12.7M added.
- The largest Northeast Bank seller in Q1 2019 was Continental Grain Company, an estimated $16.4M sold.
Based on aggregated 13F filings for Q1 2019.