Northrim BanCorp
NRIM
64 hedge funds and large institutions have $108M invested in Northrim BanCorp in 2014 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 25 increasing their positions, 21 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
19% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 21
5% more capital invested
Capital invested by funds: $102M → $108M (+$5.41M)
5% more funds holding
Funds holding: 61 → 64 (+3)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCMF
Private Capital Management (Florida)
Naples,
Florida
|
+$2.33M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$1.13M |
| 3 |
FIM
Frontier Investment Management
Dallas,
Texas
|
+$562K |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$415K |
| 5 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$245K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$1.2M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$341K |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$245K |
| 4 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$187K |
| 5 |
Morgan Stanley
New York
|
-$177K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BA
51
BlackRock Advisors
Wilmington,
Delaware
| $105K | -$13.6K | -2,212 | -12% |
|
52
Acadian Asset Management
Boston,
Massachusetts
| $79K | +$30.7K | +4,988 | +68% |
|
53
Citigroup
New York
| $55K | -$17K | -2,760 | -25% |
|
54
Wells Fargo
San Francisco,
California
| $49K | +$12K | +1,944 | +33% |
|
|
55
Morgan Stanley
New York
| $48K | -$177K | -28,708 | -79% |
|
|
U
56
UBS
Zurich,
Switzerland
| $48K | +$30.5K | +4,952 | +188% |
|
57
Schroder Investment Management Group
London,
United Kingdom
| $20.5K | – | – | – |
|
58
Invesco
Atlanta,
Georgia
| $15K | – | – | – |
|
|
VFA
59
Virtus Fund Advisers
Hartford,
Connecticut
| $15K | +$14.3K | +2,328 | New |
|
|
PCM
60
Prelude Capital Management
New York
| $8K | – | – | – |
|
61
Bank of America
Charlotte,
North Carolina
| $7K | +$5.32K | +864 | +491% |
|
62
Bank of Montreal
Toronto,
Ontario, Canada
| $4K | +$3.94K | +640 | New |
|
63
Barclays
London,
United Kingdom
| $3K | -$3.65K | -592 | -58% |
|
|
GC
64
Globeflex Capital
San Diego,
California
| $1K | +$1.01K | +164 | New |
|
|
CS
65
Credit Suisse
Zurich,
Switzerland
| – | -$245K | -38,196 | Closed |
|
NRIM Hedge Fund Activity: Q2 2014 in Review
64 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Northrim BanCorp (NRIM) for Q2 2014, worth a combined $108M — up 5.3% from $102M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new NRIM positions and 1 closed out — a net gain of 3 holders — while 25 added to existing stakes and 21 trimmed.
The largest buyer was Private Capital Management (Florida), adding an estimated $2.33M. The largest seller was Maltese Capital Management, cutting an estimated $1.2M.
- 64 institutional investors held Northrim BanCorp (NRIM) as of Q2 2014, up from 61 in Q1 2014.
- Funds reported $108M of Northrim BanCorp stock for Q2 2014, up 5.3% quarter-over-quarter.
- 4 funds opened new Northrim BanCorp positions in Q2 2014 and 1 closed out, a net change of +3 holders.
- The largest Northrim BanCorp buyer in Q2 2014 was Private Capital Management (Florida), an estimated $2.33M added.
- The largest Northrim BanCorp seller in Q2 2014 was Maltese Capital Management, an estimated $1.2M sold.
Based on aggregated 13F filings for Q2 2014.