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 8 funds opening new positions, 29 increasing their positions, 22 reducing their positions, and 12 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 22
25.33% more ownership
Funds ownership: 229.67% → 255% (+25%)
4% less capital invested
Capital invested by funds: $178M → $171M (-$6.86M)
5% less funds holding
Funds holding: 79 → 75 (-4)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$1.67M |
| 2 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$1.24M |
| 3 |
Jane Street
New York
|
+$1.17M |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
+$1.13M |
| 5 |
Two Sigma Advisers
New York
|
+$950K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
-$8.58M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
-$2.05M |
| 3 |
EI
EAM Investors
Solana Beach,
California
|
-$1.82M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$1.65M |
| 5 |
BlackRock
New York
|
-$1.24M |
NRIM Hedge Fund Activity: Q1 2023 in Review
75 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Northrim BanCorp (NRIM) for Q1 2023, worth a combined $171M — down 3.8% from $178M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of NRIM and 8 opened new positions — a net loss of 4 holders — while 22 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 79 in Q4 2022.
- Funds reported $171M of Northrim BanCorp stock for Q1 2023, down 3.8% quarter-over-quarter.
- 8 funds opened new Northrim BanCorp positions in Q1 2023 and 12 closed out, a net change of -4 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.