OceanFirst Financial
OCFC
90 hedge funds and large institutions have $198M invested in OceanFirst Financial in 2016 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 37 increasing their positions, 22 reducing their positions, and 7 closing their positions.
129% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 7
68% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 22
11% more funds holding
Funds holding: 81 → 90 (+9)
1% less capital invested
Capital invested by funds: $201M → $198M (-$2.82M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
+$7.16M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$3.93M |
| 3 |
Brown Advisory
Baltimore,
Maryland
|
+$2.21M |
| 4 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$2.15M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$2.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$11.2M |
| 2 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
-$1.81M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$640K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$640K |
| 5 |
Prudential Financial
Newark,
New Jersey
|
-$282K |
OCFC Hedge Fund Activity: Q1 2016 in Review
90 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in OceanFirst Financial (OCFC) for Q1 2016, worth a combined $198M — down 1.4% from $201M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new OCFC positions and 7 closed out — a net gain of 9 holders — while 37 added to existing stakes and 22 trimmed.
The largest buyer was Mendon Capital Advisors, opening a new position worth an estimated $7.16M. The largest seller was Basswood Capital Management, exiting entirely with an estimated $11.2M sold.
- 90 institutional investors held OceanFirst Financial (OCFC) as of Q1 2016, up from 81 in Q4 2015.
- Funds reported $198M of OceanFirst Financial stock for Q1 2016, down 1.4% quarter-over-quarter.
- 16 funds opened new OceanFirst Financial positions in Q1 2016 and 7 closed out, a net change of +9 holders.
- The largest OceanFirst Financial buyer in Q1 2016 was Mendon Capital Advisors, an estimated $7.16M added.
- The largest OceanFirst Financial seller in Q1 2016 was Basswood Capital Management, an estimated $11.2M sold.
Based on aggregated 13F filings for Q1 2016.