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Orrstown Financial Services
ORRF

71 hedge funds and large institutions have $70.1M invested in Orrstown Financial Services in 2019 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 18 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

39% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 18

6% more funds holding

Funds holding: 67 → 71 (+4)

5% more capital invested

Capital invested by funds: $66.7M → $70.1M (+$3.34M)

0.9% more ownership

Funds ownership: 38.87% → 39.77% (+0.9%)

Holders
71
Holders Change
+4
Holders Change %
+5.97%
% of All Funds
1.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
25
Reduced
18
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CCM
Cutler Capital Management
Massachusetts
+$1.29M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$1.17M
3
KCM
Kennedy Capital Management
Missouri
+$542K
4
MCM
Maltese Capital Management
New York
+$421K
5
PRCP
Pacific Ridge Capital Partners
Oregon
+$372K

Top Sellers

Rank Fund Capital Flow
1
EPCA
Elizabeth Park Capital Advisors
Ohio
-$2.11M
2
State Street
State Street
Massachusetts
-$384K
3
BlackRock
BlackRock
New York
-$383K
4
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$362K
5
OAM
Oxford Asset Management
United Kingdom
-$300K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$456K +$344K +17,587 +255%
Deutsche Bank
27
Deutsche Bank
Germany
$396K +$117K +5,999 +39%
PAM
28
Panagora Asset Management
Massachusetts
$327K +$66.5K +3,399 +24%
WCM
29
Wedge Capital Management
North Carolina
$326K +$72.8K +3,720 +27%
Ameriprise
30
Ameriprise
Minnesota
$316K +$333K +17,034 New
Charles Schwab
31
Charles Schwab
California
$301K – – –
Truist Financial
32
Truist Financial
North Carolina
$285K – – –
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$281K +$207K +10,577 +234%
GC
34
Globeflex Capital
California
$264K +$42.2K +2,158 +18%
TCIM
35
TIAA CREF Investment Management
New York
$259K -$5.4K -276 -2%
Goldman Sachs
36
Goldman Sachs
New York
$258K +$271K +13,853 New
Morgan Stanley
37
Morgan Stanley
New York
$250K -$167K -8,540 -39%
EA
38
Emerald Advisers
Pennsylvania
$240K +$253K +12,910 New
TA
39
Teachers Advisors
New York
$232K – – –
California State Teachers Retirement System (CalSTRS)
40
California State Teachers Retirement System (CalSTRS)
California
$210K – – –
Millennium Management
41
Millennium Management
New York
$205K -$295K -15,099 -58%
RhumbLine Advisers
42
RhumbLine Advisers
Massachusetts
$192K -$978 -50 -0.5%
California Public Employees Retirement System
43
California Public Employees Retirement System
California
$190K – – –
New York State Common Retirement Fund
44
New York State Common Retirement Fund
New York
$141K – – –
JP Morgan Chase
45
JP Morgan Chase
New York
$127K +$36.3K +1,853 +37%
OSAM
46
O'Shaughnessy Asset Management
Connecticut
$119K -$28.4K -1,452 -18%
SEI Investments
47
SEI Investments
Pennsylvania
$96K +$101K +5,185 New
FMTCOCP
48
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$90K – – –
AIG
49
American International Group
New York
$88K -$3.01K -154 -3%
LSV Asset Management
50
LSV Asset Management
Illinois
$78K – – –
1
2
3 4

ORRF Hedge Fund Activity: Q1 2019 in Review

71 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Orrstown Financial Services (ORRF) for Q1 2019, worth a combined $70.1M — up 5% from $66.7M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new ORRF positions and 6 closed out — a net gain of 4 holders — while 25 added to existing stakes and 18 trimmed.

The largest buyer was Cutler Capital Management, opening a new position worth an estimated $1.29M. The largest seller was Elizabeth Park Capital Advisors, exiting entirely with an estimated $2.11M sold.

  • 71 institutional investors held Orrstown Financial Services (ORRF) as of Q1 2019, up from 67 in Q4 2018.
  • Funds reported $70.1M of Orrstown Financial Services stock for Q1 2019, up 5% quarter-over-quarter.
  • 10 funds opened new Orrstown Financial Services positions in Q1 2019 and 6 closed out, a net change of +4 holders.
  • The largest Orrstown Financial Services buyer in Q1 2019 was Cutler Capital Management, an estimated $1.29M added.
  • The largest Orrstown Financial Services seller in Q1 2019 was Elizabeth Park Capital Advisors, an estimated $2.11M sold.

Based on aggregated 13F filings for Q1 2019.