Orrstown Financial Services
ORRF
54 hedge funds and large institutions have $85.3M invested in Orrstown Financial Services in 2018 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 24 reducing their positions, and 8 closing their positions.
1.84% more ownership
Funds ownership: 40.16% → 42% (+1.8%)
1% more capital invested
Capital invested by funds: $84.7M → $85.3M (+$615K)
7% less funds holding
Funds holding: 58 → 54 (-4)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
50% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
+$3.14M |
| 2 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
+$2.5M |
| 3 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$2.39M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$576K |
| 5 |
State Street
Boston,
Massachusetts
|
+$480K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$2.53M |
| 2 |
Millennium Management
New York
|
-$744K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$649K |
| 4 |
William Blair & Company
Chicago,
Illinois
|
-$201K |
| 5 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$168K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
US Bancorp
Minneapolis,
Minnesota
| $6K | -$24.9K | -1,000 | -79% |
|
|
MAM
52
Meeder Asset Management
Dublin,
Ohio
| $6K | – | – | – |
|
53
UBS Group
Zurich,
Switzerland
| $5K | -$17.6K | -707 | -79% |
|
54
Canada Life
Winnipeg,
Manitoba, Canada
| $1K | +$1.12K | +45 | New |
|
|
55
William Blair & Company
Chicago,
Illinois
| – | -$201K | -7,973 | Closed |
|
|
OFS
56
Orrstown Financial Services
Harrisburg,
Pennsylvania
| – | -$117K | -4,636 | Closed |
|
|
FQ
57
First Quadrant
Glendale,
California
| – | -$50K | -1,979 | Closed |
|
58
Parallax Volatility Advisers
San Francisco,
California
| – | -$29K | -1,134 | Closed |
|
|
TRCT
59
Tower Research Capital (TRC)
New York
| – | -$25K | -988 | Closed |
|
60
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$8K | -321 | Closed |
|
|
MPWT
61
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$2.7K | -107 | Closed |
|
|
DCM
62
Delpha Capital Management
New York
| – | -$1K | -32 | Closed |
|
ORRF Hedge Fund Activity: Q1 2018 in Review
54 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Orrstown Financial Services (ORRF) for Q1 2018, worth a combined $85.3M — up 0.73% from $84.7M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of ORRF and 4 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 12 added.
The largest buyer was EJF Capital, opening a new position worth an estimated $3.14M. The largest seller was Basswood Capital Management, cutting an estimated $2.53M.
- 54 institutional investors held Orrstown Financial Services (ORRF) as of Q1 2018, down from 58 in Q4 2017.
- Funds reported $85.3M of Orrstown Financial Services stock for Q1 2018, up 0.73% quarter-over-quarter.
- 4 funds opened new Orrstown Financial Services positions in Q1 2018 and 8 closed out, a net change of -4 holders.
- The largest Orrstown Financial Services buyer in Q1 2018 was EJF Capital, an estimated $3.14M added.
- The largest Orrstown Financial Services seller in Q1 2018 was Basswood Capital Management, an estimated $2.53M sold.
Based on aggregated 13F filings for Q1 2018.