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Orrstown Financial Services
ORRF

69 hedge funds and large institutions have $101M invested in Orrstown Financial Services in 2019 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 12 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

192% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 12

43% more capital invested

Capital invested by funds: $70.1M → $101M (+$30.4M)

0.57% more ownership

Funds ownership: 39.77% → 40.34% (+0.57%)

0% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 10

3% less funds holding

Funds holding: 71 → 69 (-2)

Holders
69
Holders Change
-2
Holders Change %
-2.82%
% of All Funds
1.5%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
35
Reduced
12
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$7.35M
2
BlackRock
BlackRock
New York
+$3.29M
3
MCM
Maltese Capital Management
New York
+$1.93M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$1.21M
5
EC
EJF Capital
Virginia
+$1.13M

Top Sellers

1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$5.12M
2
WCM
Wedge Capital Management
North Carolina
-$326K
3
Truist Financial
Truist Financial
North Carolina
-$285K
4
PAM
Panagora Asset Management
Massachusetts
-$226K
5
Millennium Management
Millennium Management
New York
-$205K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$15.4M +$3.29M +159,215 +29%
Vanguard Group
2
Vanguard Group
Pennsylvania
$9.48M +$1.21M +58,699 +16%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$9.16M +$7.35M +355,947 +587%
ECA
4
Endeavour Capital Advisors
Connecticut
$8.35M – – –
Renaissance Technologies
5
Renaissance Technologies
New York
$5.35M +$81.4K +3,940 +2%
MCM
6
Maltese Capital Management
New York
$5.24M +$1.93M +93,308 +64%
EC
7
EJF Capital
Virginia
$5.22M +$1.13M +54,529 +30%
Dimensional Fund Advisors
8
Dimensional Fund Advisors
Texas
$4.58M +$540K +26,169 +14%
State Street
9
State Street
Massachusetts
$3.15M +$605K +29,280 +26%
Wells Fargo
10
Wells Fargo
California
$3.14M +$946K +45,799 +47%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$2.9M +$1.05M +50,912 +63%
PRCP
12
Pacific Ridge Capital Partners
Oregon
$2.44M +$7.6K +368 +0.3%
Northern Trust
13
Northern Trust
Illinois
$2.23M +$413K +19,989 +25%
Hotchkis & Wiley Capital Management
14
Hotchkis & Wiley Capital Management
California
$1.55M +$10.3K +500 +0.7%
CCM
15
Cutler Capital Management
Massachusetts
$1.51M +$58.2K +2,821 +4%
Acadian Asset Management
16
Acadian Asset Management
Massachusetts
$1.49M +$137K +6,616 +11%
BCM
17
Bridgeway Capital Management
Texas
$1.44M -$37.2K -1,800 -3%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$1.36M +$156K +7,535 +14%
Wellington Management Group
19
Wellington Management Group
Massachusetts
$1.28M -$26.3K -1,273 -2%
EFS
20
Econ Financial Services
Pennsylvania
$1.11M -$66.6K -3,227 -6%
PCM
21
Penn Capital Management
Pennsylvania
$1.03M – – –
BCM
22
BHZ Capital Management
California
$1.01M +$947K +45,852 New
CAN
23
Cetera Advisor Networks
California
$926K +$18.6K +900 +2%
N
24
Nuveen
North Carolina
$795K +$746K +36,150 New
MAM
25
Martingale Asset Management
Massachusetts
$678K +$41.3K +2,000 +7%
1
2 3 4

ORRF Hedge Fund Activity: Q2 2019 in Review

69 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Orrstown Financial Services (ORRF) for Q2 2019, worth a combined $101M — up 43% from $70.1M a quarter earlier.

Fund positioning in ORRF was balanced in Q2 2019: 10 funds opened new positions, 10 closed out, 35 added to existing stakes and 12 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $7.35M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $5.12M sold.

  • 69 institutional investors held Orrstown Financial Services (ORRF) as of Q2 2019, down from 71 in Q1 2019.
  • Funds reported $101M of Orrstown Financial Services stock for Q2 2019, up 43% quarter-over-quarter.
  • 10 funds opened new Orrstown Financial Services positions in Q2 2019 and 10 closed out, a net change of 0 holders.
  • The largest Orrstown Financial Services buyer in Q2 2019 was Fidelity Investments, an estimated $7.35M added.
  • The largest Orrstown Financial Services seller in Q2 2019 was DePrince Race & Zollo Inc (DRZ), an estimated $5.12M sold.

Based on aggregated 13F filings for Q2 2019.