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Orrstown Financial Services
ORRF

69 hedge funds and large institutions have $101M invested in Orrstown Financial Services in 2019 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 12 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

192% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 12

43% more capital invested

Capital invested by funds: $70.1M → $101M (+$30.4M)

0.57% more ownership

Funds ownership: 39.77% → 40.34% (+0.57%)

0% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 10

3% less funds holding

Funds holding: 71 → 69 (-2)

Holders
69
Holders Change
-2
Holders Change %
-2.82%
% of All Funds
1.5%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
35
Reduced
12
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$7.35M
2
BlackRock
BlackRock
New York
+$3.29M
3
MCM
Maltese Capital Management
New York
+$1.93M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$1.21M
5
EC
EJF Capital
Virginia
+$1.13M

Top Sellers

1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$5.12M
2
WCM
Wedge Capital Management
North Carolina
-$326K
3
Truist Financial
Truist Financial
North Carolina
-$285K
4
PAM
Panagora Asset Management
Massachusetts
-$226K
5
Millennium Management
Millennium Management
New York
-$205K
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
26
Goldman Sachs
New York
$623K +$299K +14,460 +104%
KCM
27
Kennedy Capital Management
Missouri
$610K – – –
LSV Asset Management
28
LSV Asset Management
Illinois
$575K +$454K +21,970 +523%
JP Morgan Chase
29
JP Morgan Chase
New York
$564K +$388K +18,770 +274%
OAM
30
Oxford Asset Management
United Kingdom
$553K +$519K +25,150 New
MSL
31
Mackay Shields LLC
New York
$550K +$516K +24,993 New
Charles Schwab
32
Charles Schwab
California
$517K +$151K +7,296 +45%
Assenagon Asset Management
33
Assenagon Asset Management
Luxembourg
$517K +$485K +23,494 New
Bank of America
34
Bank of America
North Carolina
$472K -$62.7K -3,036 -12%
Deutsche Bank
35
Deutsche Bank
Germany
$465K -$4.46K -216 -1%
Ameriprise
36
Ameriprise
Minnesota
$372K -$2.46K -119 -0.7%
California State Teachers Retirement System (CalSTRS)
37
California State Teachers Retirement System (CalSTRS)
California
$347K +$92.4K +4,474 +40%
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$332K – – –
GC
39
Globeflex Capital
California
$313K – – –
EA
40
Emerald Advisers
Pennsylvania
$284K – – –
RhumbLine Advisers
41
RhumbLine Advisers
Massachusetts
$279K +$49.3K +2,390 +23%
New York State Common Retirement Fund
42
New York State Common Retirement Fund
New York
$268K +$95K +4,600 +61%
Susquehanna International Group
43
Susquehanna International Group
Pennsylvania
$254K +$238K +11,549 New
California Public Employees Retirement System
44
California Public Employees Retirement System
California
$225K – – –
B
45
Bailard
California
$211K +$198K +9,600 New
FMTCOCP
46
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$159K +$49.6K +2,400 +50%
Barclays
47
Barclays
United Kingdom
$150K +$70K +3,392 +99%
PAM
48
Panagora Asset Management
Massachusetts
$146K -$226K -10,952 -62%
AIG
49
American International Group
New York
$143K +$36.6K +1,771 +37%
MIM
50
MetLife Investment Management
New Jersey
$116K +$109K +5,287 New
1
2
3 4

ORRF Hedge Fund Activity: Q2 2019 in Review

69 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Orrstown Financial Services (ORRF) for Q2 2019, worth a combined $101M — up 43% from $70.1M a quarter earlier.

Fund positioning in ORRF was balanced in Q2 2019: 10 funds opened new positions, 10 closed out, 35 added to existing stakes and 12 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $7.35M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $5.12M sold.

  • 69 institutional investors held Orrstown Financial Services (ORRF) as of Q2 2019, down from 71 in Q1 2019.
  • Funds reported $101M of Orrstown Financial Services stock for Q2 2019, up 43% quarter-over-quarter.
  • 10 funds opened new Orrstown Financial Services positions in Q2 2019 and 10 closed out, a net change of 0 holders.
  • The largest Orrstown Financial Services buyer in Q2 2019 was Fidelity Investments, an estimated $7.35M added.
  • The largest Orrstown Financial Services seller in Q2 2019 was DePrince Race & Zollo Inc (DRZ), an estimated $5.12M sold.

Based on aggregated 13F filings for Q2 2019.