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Orrstown Financial Services
ORRF

78 hedge funds and large institutions have $141M invested in Orrstown Financial Services in 2023 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

225% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 4

42% more capital invested

Capital invested by funds: $98.8M → $141M (+$41.9M)

11% more funds holding

Funds holding: 70 → 78 (+8)

9% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 22

0.64% more ownership

Funds ownership: 44.32% → 44.96% (+0.64%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
78
Holders Change
+8
Holders Change %
+11.43%
% of All Funds
1.14%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
13
Increased
24
Reduced
22
Closed
4
Calls
$2K
Puts
–
Net Calls
+$2K
Net Calls Change
-$21K

Top Buyers

1
FL
Fourthstone LLC
Missouri
+$3.91M
2
BlackRock
BlackRock
New York
+$1.64M
3
Morgan Stanley
Morgan Stanley
New York
+$1.13M
4
EI
EAM Investors
California
+$594K
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$340K

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$3.06M
2
CCM
Cutler Capital Management
Massachusetts
-$1.47M
3
SM
Salzhauer Michael
-$219K
4
Millennium Management
Millennium Management
New York
-$146K
5
Bank of New York Mellon
Bank of New York Mellon
New York
-$125K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$834K +$30K +1,275 +5%
Charles Schwab
27
Charles Schwab
California
$829K -$26.5K -1,126 -4%
EI
28
EAM Investors
California
$746K +$594K +25,281 New
Barclays
29
Barclays
United Kingdom
$735K +$289K +12,290 +97%
MAM
30
Martingale Asset Management
Massachusetts
$720K -$28.4K -1,210 -5%
N
31
Nuveen
North Carolina
$702K +$155K +6,590 +38%
Goldman Sachs
32
Goldman Sachs
New York
$671K +$185K +7,870 +53%
Assenagon Asset Management
33
Assenagon Asset Management
Luxembourg
$608K +$229K +9,729 +90%
EF
34
Empowered Funds
Pennsylvania
$605K +$40.6K +1,728 +9%
KCM
35
Kennedy Capital Management
Missouri
$513K +$212 +9 +0.1%
Millennium Management
36
Millennium Management
New York
$492K -$146K -6,196 -27%
RhumbLine Advisers
37
RhumbLine Advisers
Massachusetts
$482K -$1.55K -66 -0.4%
B
38
Bailard
California
$473K +$62.4K +2,655 +20%
HSBC Holdings
39
HSBC Holdings
United Kingdom
$323K -$17.7K -755 -6%
UBS Group
40
UBS Group
Switzerland
$323K +$124K +5,256 +92%
RWM
41
RKL Wealth Management
Pennsylvania
$294K +$6.56K +279 +3%
Invesco
42
Invesco
Georgia
$258K +$206K +8,756 New
Brown Advisory
43
Brown Advisory
Maryland
$236K +$188K +7,999 New
QC
44
Quadrature Capital
United Kingdom
$234K +$187K +7,941 New
Connor, Clark & Lunn Investment Management (CC&L)
45
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$230K +$183K +7,800 New
VIM
46
Vista Investment Management
Pennsylvania
$229K +$183K +7,767 New
FMTCOCP
47
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$214K – – –
Deutsche Bank
48
Deutsche Bank
Germany
$189K -$18.5K -787 -11%
MIM
49
MetLife Investment Management
New Jersey
$184K – – –
HIM
50
Hillsdale Investment Management
Ontario, Canada
$169K +$135K +5,742 New
1
2
3 4

ORRF Hedge Fund Activity: Q4 2023 in Review

78 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Orrstown Financial Services (ORRF) for Q4 2023, worth a combined $141M — up 42% from $98.8M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new ORRF positions and 4 closed out — a net gain of 9 holders — while 24 added to existing stakes and 22 trimmed.

The largest buyer was Fourthstone LLC, adding an estimated $3.91M. The largest seller was Fidelity Investments, cutting an estimated $3.06M.

  • 78 institutional investors held Orrstown Financial Services (ORRF) as of Q4 2023, up from 70 in Q3 2023.
  • Funds reported $141M of Orrstown Financial Services stock for Q4 2023, up 42% quarter-over-quarter.
  • 13 funds opened new Orrstown Financial Services positions in Q4 2023 and 4 closed out, a net change of +9 holders.
  • The largest Orrstown Financial Services buyer in Q4 2023 was Fourthstone LLC, an estimated $3.91M added.
  • The largest Orrstown Financial Services seller in Q4 2023 was Fidelity Investments, an estimated $3.06M sold.

Based on aggregated 13F filings for Q4 2023.