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Orrstown Financial Services
ORRF

59 hedge funds and large institutions have $57.2M invested in Orrstown Financial Services in 2020 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 17 increasing their positions, 28 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.77% less ownership

Funds ownership: 41.75% → 39.98% (-1.8%)

8% less funds holding

Funds holding: 64 → 59 (-5)

17% less capital invested

Capital invested by funds: $68.9M → $57.2M (-$11.7M)

39% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 28

71% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 7

Holders
59
Holders Change
-5
Holders Change %
-7.81%
% of All Funds
1.19%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
17
Reduced
28
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BCM
Bridgeway Capital Management
Texas
+$338K
2
LSV Asset Management
LSV Asset Management
Illinois
+$260K
3
American Century Companies
American Century Companies
Missouri
+$143K
4
TRCT
Tower Research Capital (TRC)
New York
+$128K
5
OSAM
O'Shaughnessy Asset Management
Connecticut
+$58.1K

Top Sellers

1
EC
EJF Capital
Virginia
-$1.83M
2
Wells Fargo
Wells Fargo
California
-$357K
3
Renaissance Technologies
Renaissance Technologies
New York
-$207K
4
Northern Trust
Northern Trust
Illinois
-$192K
5
BlackRock
BlackRock
New York
-$144K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
26
Globeflex Capital
California
$432K +$47.6K +3,447 +11%
Charles Schwab
27
Charles Schwab
California
$310K -$19.9K -1,439 -6%
MSL
28
Mackay Shields LLC
New York
$304K -$41.4K -3,000 -11%
California Public Employees Retirement System
29
California Public Employees Retirement System
California
$289K +$8.28K +600 +3%
Goldman Sachs
30
Goldman Sachs
New York
$233K +$5.98K +433 +2%
California State Teachers Retirement System (CalSTRS)
31
California State Teachers Retirement System (CalSTRS)
California
$204K – – –
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$193K +$538 +39 +0.3%
RhumbLine Advisers
33
RhumbLine Advisers
Massachusetts
$176K -$31.7K -2,297 -14%
MAM
34
Martingale Asset Management
Massachusetts
$173K -$37.3K -2,701 -17%
Ameriprise
35
Ameriprise
Minnesota
$172K -$69 -5 -0%
Barclays
36
Barclays
United Kingdom
$170K -$13.7K -993 -7%
Morgan Stanley
37
Morgan Stanley
New York
$156K -$20.7K -1,502 -11%
Deutsche Bank
38
Deutsche Bank
Germany
$153K +$7.34K +532 +5%
HSBC Holdings
39
HSBC Holdings
United Kingdom
$151K -$124 -9 -0.1%
B
40
Bailard
California
$145K +$15.8K +1,145 +11%
TRCT
41
Tower Research Capital (TRC)
New York
$144K +$128K +9,258 +468%
American Century Companies
42
American Century Companies
Missouri
$132K +$143K +10,326 New
Bank of America
43
Bank of America
North Carolina
$127K -$16.6K -1,202 -11%
New York State Common Retirement Fund
44
New York State Common Retirement Fund
New York
$101K – – –
EA
45
Emerald Advisers
Pennsylvania
$93K – – –
AIG
46
American International Group
New York
$83K -$2.03K -147 -2%
FMTCOCP
47
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$80K -$32.6K -2,360 -27%
OSAM
48
O'Shaughnessy Asset Management
Connecticut
$54K +$58.1K +4,208 New
Osaic Holdings
49
Osaic Holdings
Arizona
$47K – – –
BNP Paribas Financial Markets
50
BNP Paribas Financial Markets
France
$33.2K +$29.4K +2,130 +459%
1
2
3

ORRF Hedge Fund Activity: Q3 2020 in Review

59 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Orrstown Financial Services (ORRF) for Q3 2020, worth a combined $57.2M — down 17% from $68.9M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of ORRF and 2 opened new positions — a net loss of 5 holders — while 28 trimmed existing stakes and 17 added.

The largest buyer was Bridgeway Capital Management, adding an estimated $338K. The largest seller was EJF Capital, exiting entirely with an estimated $1.83M sold.

  • 59 institutional investors held Orrstown Financial Services (ORRF) as of Q3 2020, down from 64 in Q2 2020.
  • Funds reported $57.2M of Orrstown Financial Services stock for Q3 2020, down 17% quarter-over-quarter.
  • 2 funds opened new Orrstown Financial Services positions in Q3 2020 and 7 closed out, a net change of -5 holders.
  • The largest Orrstown Financial Services buyer in Q3 2020 was Bridgeway Capital Management, an estimated $338K added.
  • The largest Orrstown Financial Services seller in Q3 2020 was EJF Capital, an estimated $1.83M sold.

Based on aggregated 13F filings for Q3 2020.