Northeast Bank
62 hedge funds and large institutions have $62.5M invested in Northeast Bank in 2020 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 18 increasing their positions, 28 reducing their positions, and 7 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.76% less ownership
Funds ownership: 64.41% → 59.65% (-4.8%)
6% less funds holding
Funds holding: 66 → 62 (-4)
36% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 28
51% less capital invested
Capital invested by funds: $127M → $62.5M (-$64.9M)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LBS
Lawrence B. Seidman
|
+$907K |
| 2 |
BCM
Basswood Capital Management
New York
|
+$526K |
| 3 |
MG
Magnolia Group
Omaha,
Nebraska
|
+$512K |
| 4 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$327K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$315K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
-$4.21M |
| 2 |
BCM
BHZ Capital Management
San Jose,
California
|
-$2.05M |
| 3 |
WSL
Western Standard LLC
Los Angeles,
California
|
-$839K |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$502K |
| 5 |
Renaissance Technologies
New York
|
-$442K |
NBN Hedge Fund Activity: Q1 2020 in Review
62 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Northeast Bank (NBN) for Q1 2020, worth a combined $62.5M — down 51% from $127M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NBN and 3 opened new positions — a net loss of 4 holders — while 28 trimmed existing stakes and 18 added.
The largest buyer was Lawrence B. Seidman, opening a new position worth an estimated $907K. The largest seller was Castine Capital Management, cutting an estimated $4.21M.
- 62 institutional investors held Northeast Bank (NBN) as of Q1 2020, down from 66 in Q4 2019.
- Funds reported $62.5M of Northeast Bank stock for Q1 2020, down 51% quarter-over-quarter.
- 3 funds opened new Northeast Bank positions in Q1 2020 and 7 closed out, a net change of -4 holders.
- The largest Northeast Bank buyer in Q1 2020 was Lawrence B. Seidman, an estimated $907K added.
- The largest Northeast Bank seller in Q1 2020 was Castine Capital Management, an estimated $4.21M sold.
Based on aggregated 13F filings for Q1 2020.