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Northrim BanCorp
NRIM

75 hedge funds and large institutions have $171M invested in Northrim BanCorp in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 29 increasing their positions, 23 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 23

4% less capital invested

Capital invested by funds: $178M → $171M (-$7.49M)

6% less funds holding

Funds holding: 80 → 75 (-5)

9.67% less ownership

Funds ownership: 264.66% → 255% (-9.7%)

42% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 12

Holders
75
Holders Change
-5
Holders Change %
-6.25%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
29
Reduced
23
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$1.67M
2
AA
Ancora Advisors
Ohio
+$1.24M
3
Jane Street
Jane Street
New York
+$1.17M
4
LSV Asset Management
LSV Asset Management
Illinois
+$1.13M
5
Two Sigma Advisers
Two Sigma Advisers
New York
+$950K

Top Sellers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
-$8.58M
2
Russell Investments Group
Russell Investments Group
United Kingdom
-$2.05M
3
EI
EAM Investors
California
-$1.82M
4
Franklin Resources
Franklin Resources
California
-$1.65M
5
BlackRock
BlackRock
New York
-$1.24M
Name Holding Trade Value Shares
Change 		Change in
Stake
Barclays
26
Barclays
United Kingdom
$1.28M +$36K +2,788 +3%
Goldman Sachs
27
Goldman Sachs
New York
$1.24M +$574K +44,516 +73%
HCM
28
Huber Capital Management
California
$1.18M +$56.8K +4,400 +5%
State Street
29
State Street
Massachusetts
$1.06M +$134K +10,400 +13%
HIM
30
Hillsdale Investment Management
Ontario, Canada
$1.02M +$16.1K +1,248 +1%
Arrowstreet Capital
31
Arrowstreet Capital
Massachusetts
$860K +$209K +16,212 +29%
AWA
32
Alaska Wealth Advisors
Alaska
$823K -$306K -23,736 -25%
QC
33
Quadrature Capital
United Kingdom
$815K +$354K +27,412 +66%
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$804K – – –
AllianceBernstein
35
AllianceBernstein
Tennessee
$802K +$455K +35,220 +107%
SFI
36
Susquehanna Fundamental Investments
Pennsylvania
$774K – – –
Assenagon Asset Management
37
Assenagon Asset Management
Luxembourg
$747K +$671 +52 +0.1%
First Manhattan
38
First Manhattan
New York
$727K -$181K -14,000 -19%
Northern Trust
39
Northern Trust
Illinois
$722K +$40.6K +3,144 +5%
Citadel Advisors
40
Citadel Advisors
Florida
$694K -$294K -22,804 -28%
HF
41
HRT Financial
New York
$665K +$728K +56,380 New
JP Morgan Chase
42
JP Morgan Chase
New York
$628K +$686K +53,188 New
CSC
43
Caldwell Sutter Capital
California
$583K – – –
Invesco
44
Invesco
Georgia
$494K +$115K +8,904 +27%
RHCA
45
Rosenthal Henry Capital Advisors
Indiana
$472K +$516K +40,000 New
CIC
46
Cornercap Investment Counsel
Georgia
$463K – – –
RWA
47
Redmont Wealth Advisors
Illinois
$425K -$97.7K -7,572 -17%
Qube Research & Technologies (QRT)
48
Qube Research & Technologies (QRT)
United Kingdom
$396K +$37.5K +2,908 +9%
B
49
Bailard
California
$396K -$36.1K -2,800 -8%
Citigroup
50
Citigroup
New York
$367K +$15K +1,164 +4%
1
2
3 4

NRIM Hedge Fund Activity: Q1 2023 in Review

75 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Northrim BanCorp (NRIM) for Q1 2023, worth a combined $171M — down 4.2% from $178M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of NRIM and 7 opened new positions — a net loss of 5 holders — while 23 trimmed existing stakes and 29 added.

The largest buyer was Millennium Management, adding an estimated $1.67M. The largest seller was Fourthstone LLC, exiting entirely with an estimated $8.58M sold.

  • 75 institutional investors held Northrim BanCorp (NRIM) as of Q1 2023, down from 80 in Q4 2022.
  • Funds reported $171M of Northrim BanCorp stock for Q1 2023, down 4.2% quarter-over-quarter.
  • 7 funds opened new Northrim BanCorp positions in Q1 2023 and 12 closed out, a net change of -5 holders.
  • The largest Northrim BanCorp buyer in Q1 2023 was Millennium Management, an estimated $1.67M added.
  • The largest Northrim BanCorp seller in Q1 2023 was Fourthstone LLC, an estimated $8.58M sold.

Based on aggregated 13F filings for Q1 2023.