Orrstown Financial Services
ORRF
60 hedge funds and large institutions have $85.8M invested in Orrstown Financial Services in 2018 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 26 increasing their positions, 13 reducing their positions, and 7 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 13
1.65% more ownership
Funds ownership: 41.28% → 42.93% (+1.6%)
5% less capital invested
Capital invested by funds: $90.3M → $85.8M (-$4.46M)
5% less funds holding
Funds holding: 63 → 60 (-3)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$1.52M |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$980K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$698K |
| 4 |
EC
EJF Capital
Arlington,
Virginia
|
+$688K |
| 5 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$484K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
-$855K |
| 2 |
Millennium Management
New York
|
-$521K |
| 3 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
-$265K |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$218K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$211K |
ORRF Hedge Fund Activity: Q3 2018 in Review
60 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Orrstown Financial Services (ORRF) for Q3 2018, worth a combined $85.8M — down 4.9% from $90.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of ORRF and 4 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 26 added.
The largest buyer was DePrince Race & Zollo Inc (DRZ), adding an estimated $1.52M. The largest seller was Stifel Financial, exiting entirely with an estimated $855K sold.
- 60 institutional investors held Orrstown Financial Services (ORRF) as of Q3 2018, down from 63 in Q2 2018.
- Funds reported $85.8M of Orrstown Financial Services stock for Q3 2018, down 4.9% quarter-over-quarter.
- 4 funds opened new Orrstown Financial Services positions in Q3 2018 and 7 closed out, a net change of -3 holders.
- The largest Orrstown Financial Services buyer in Q3 2018 was DePrince Race & Zollo Inc (DRZ), an estimated $1.52M added.
- The largest Orrstown Financial Services seller in Q3 2018 was Stifel Financial, an estimated $855K sold.
Based on aggregated 13F filings for Q3 2018.