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.
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
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 6,275 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.