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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
EARNEST Partners
51
EARNEST Partners
Georgia
$18K – – –
SIS
52
Sound Income Strategies
Florida
$16K – – –
Legal & General Group
53
Legal & General Group
United Kingdom
$12K -$5.17K -375 -28%
AIP
54
Ameritas Investment Partners
Nebraska
$12K – – –
Citigroup
55
Citigroup
New York
$7K -$13.2K -957 -65%
Bank of Montreal
56
Bank of Montreal
Ontario, Canada
$7K -$4.97K -360 -42%
GEA
57
Glen Eagle Advisors
New Jersey
$986 – – –
Millennium Management
58
Millennium Management
New York
$144 +$2.36K +171 +2%
EC
59
EJF Capital
Virginia
– -$1.83M -124,071 Closed
BFIM
60
Beese Fulmer Investment Management
Ohio
– -$125K -8,484 Closed
UBS Group
61
UBS Group
Switzerland
– -$65K -4,403 Closed
Bessemer Group
62
Bessemer Group
New Jersey
– -$15K -1,000 Closed
MAM
63
Meeder Asset Management
Ohio
– -$6K -373 Closed
US Bancorp
64
US Bancorp
Minnesota
– -$2K -135 Closed
Canada Life
65
Canada Life
Manitoba, Canada
– -$2K -112 Closed
BCA
66
Berman Capital Advisors
Georgia
– -$897 -65 -74%
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.