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Orrstown Financial Services
ORRF

58 hedge funds and large institutions have $84.7M invested in Orrstown Financial Services in 2017 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 17 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

350% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 2

29% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 17

14% more funds holding

Funds holding: 51 → 58 (+7)

3% more capital invested

Capital invested by funds: $82.2M → $84.7M (+$2.49M)

0.58% more ownership

Funds ownership: 39.58% → 40.16% (+0.58%)

Holders
58
Holders Change
+7
Holders Change %
+13.73%
% of All Funds
1.32%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
22
Reduced
17
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Millennium Management
Millennium Management
New York
+$830K
2
PCM
Penn Capital Management
Pennsylvania
+$772K
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$518K
4
Renaissance Technologies
Renaissance Technologies
New York
+$506K
5
Wells Fargo
Wells Fargo
California
+$478K

Top Sellers

1
BCM
Basswood Capital Management
New York
-$3.48M
2
William Blair & Company
William Blair & Company
Illinois
-$240K
3
ECA
Endeavour Capital Advisors
Connecticut
-$191K
4
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$181K
5
NFA
Nationwide Fund Advisors
Ohio
-$106K
Name Holding Trade Value Shares
Change 		Change in
Stake
BCM
1
Basswood Capital Management
New York
$13.3M -$3.48M -137,791 -21%
BlackRock
2
BlackRock
New York
$13.3M +$91K +3,602 +0.7%
Vanguard Group
3
Vanguard Group
Pennsylvania
$9.15M -$5.76K -228 -0.1%
DRZID
4
DePrince Race & Zollo Inc (DRZ)
Florida
$7.53M -$181K -7,158 -2%
Renaissance Technologies
5
Renaissance Technologies
New York
$5.41M +$506K +20,027 +10%
ECA
6
Endeavour Capital Advisors
Connecticut
$5M -$191K -7,548 -4%
EPCA
7
Elizabeth Park Capital Advisors
Ohio
$4.68M +$307K +12,145 +7%
State Street
8
State Street
Massachusetts
$2.69M +$99.4K +3,931 +4%
Wellington Management Group
9
Wellington Management Group
Massachusetts
$2.51M -$85.5K -3,384 -3%
Wells Fargo
10
Wells Fargo
California
$2.5M +$478K +18,914 +24%
PRCP
11
Pacific Ridge Capital Partners
Oregon
$2.34M +$71.8K +2,840 +3%
Northern Trust
12
Northern Trust
Illinois
$1.94M -$35.4K -1,402 -2%
BCM
13
Bridgeway Capital Management
Texas
$1.6M -$2.53K -100 -0.2%
Dimensional Fund Advisors
14
Dimensional Fund Advisors
Texas
$1.55M +$518K +20,476 +50%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$1.45M +$30.5K +1,208 +2%
Deutsche Bank
16
Deutsche Bank
Germany
$1.05M +$259K +10,246 +32%
Millennium Management
17
Millennium Management
New York
$1.03M +$830K +32,830 +402%
KCM
18
Kennedy Capital Management
Missouri
$915K +$379K +14,980 +70%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$843K +$186K +7,370 +28%
PCM
20
Penn Capital Management
Pennsylvania
$771K +$772K +30,526 New
Morgan Stanley
21
Morgan Stanley
New York
$529K +$163K +6,455 +45%
TCIM
22
TIAA CREF Investment Management
New York
$516K -$12.4K -491 -2%
Hotchkis & Wiley Capital Management
23
Hotchkis & Wiley Capital Management
California
$398K +$399K +15,774 New
Charles Schwab
24
Charles Schwab
California
$354K +$73.3K +2,900 +26%
WCM
25
Wedge Capital Management
North Carolina
$348K – – –
1
2 3

ORRF Hedge Fund Activity: Q4 2017 in Review

58 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Orrstown Financial Services (ORRF) for Q4 2017, worth a combined $84.7M — up 3% from $82.2M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new ORRF positions and 2 closed out — a net gain of 7 holders — while 22 added to existing stakes and 17 trimmed.

The largest buyer was Millennium Management, adding an estimated $830K. The largest seller was Basswood Capital Management, cutting an estimated $3.48M.

  • 58 institutional investors held Orrstown Financial Services (ORRF) as of Q4 2017, up from 51 in Q3 2017.
  • Funds reported $84.7M of Orrstown Financial Services stock for Q4 2017, up 3% quarter-over-quarter.
  • 9 funds opened new Orrstown Financial Services positions in Q4 2017 and 2 closed out, a net change of +7 holders.
  • The largest Orrstown Financial Services buyer in Q4 2017 was Millennium Management, an estimated $830K added.
  • The largest Orrstown Financial Services seller in Q4 2017 was Basswood Capital Management, an estimated $3.48M sold.

Based on aggregated 13F filings for Q4 2017.