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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
DADC
51
D.A. Davidson & Co
Montana
$311K – – –
Bank of America
52
Bank of America
North Carolina
$304K +$138K +10,708 +71%
T. Rowe Price Associates
53
T. Rowe Price Associates
Maryland
$286K – – –
HSBC Holdings
54
HSBC Holdings
United Kingdom
$275K -$70.8K -5,488 -19%
SWM
55
SeaCrest Wealth Management
New York
$215K – – –
Ohio Public Employees Retirement System (OPERS)
56
Ohio Public Employees Retirement System (OPERS)
Ohio
$159K – – –
CSS
57
Cubist Systematic Strategies
Connecticut
$144K +$158K +12,224 New
Osaic Holdings
58
Osaic Holdings
Arizona
$113K +$22.6K +1,748 +22%
UBS Group
59
UBS Group
Switzerland
$110K -$18.5K -1,432 -13%
Nisa Investment Advisors
60
Nisa Investment Advisors
Missouri
$86K – – –
PMEF
61
Point72 Middle East FZE
United Arab Emirates
$55.3K +$60.5K +4,688 New
Fidelity Investments
62
Fidelity Investments
Massachusetts
$50.3K +$2.12K +164 +4%
Lazard Asset Management
63
Lazard Asset Management
New York
$48K -$74.7K -5,792 -59%
Point72 Asset Management
64
Point72 Asset Management
Connecticut
$38.6K +$42.2K +3,272 New
BWP
65
Baldwin Wealth Partners
Massachusetts
$30.7K – – –
DWA
66
Dorsey Wright & Associates
California
$23.5K -$2.94K -228 -10%
Canada Life
67
Canada Life
Manitoba, Canada
$19K -$929 -72 -4%
TRCT
68
Tower Research Capital (TRC)
New York
$19K +$21.2K +1,640 New
Wells Fargo
69
Wells Fargo
California
$16K -$14.5K -1,120 -45%
QCG
70
Quadrant Capital Group
Ohio
$13K – – –
KTC
71
Kistler-Tiffany Companies
Pennsylvania
$9.11K – – –
Federated Hermes
72
Federated Hermes
Pennsylvania
$8.02K -$3.46K -268 -28%
AWM
73
Accel Wealth Management
Iowa
$4.25K +$516 +40 +13%
Commonwealth Equity Services
74
Commonwealth Equity Services
Massachusetts
$608 +$1.7K +132 +0.3%
HNB
75
Huntington National Bank
Ohio
$47 – – –
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.