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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
BlackRock
1
BlackRock
New York
$9.7M -$144K -10,417 -1%
Vanguard Group
2
Vanguard Group
Pennsylvania
$5.93M -$14K -1,013 -0.2%
MCM
3
Maltese Capital Management
New York
$4.26M -$67.3K -4,880 -1%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$4.25M -$121K -8,770 -3%
ECA
5
Endeavour Capital Advisors
Connecticut
$3.6M – – –
Renaissance Technologies
6
Renaissance Technologies
New York
$3.42M -$207K -15,000 -5%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$3.19M +$16.2K +1,172 +0.5%
State Street
8
State Street
Massachusetts
$2.59M -$140K -10,154 -5%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$2.04M +$13.5K +978 +0.6%
PRCP
10
Pacific Ridge Capital Partners
Oregon
$1.92M -$95.1K -6,891 -4%
Wells Fargo
11
Wells Fargo
California
$1.74M -$357K -25,881 -16%
Northern Trust
12
Northern Trust
Illinois
$1.48M -$192K -13,941 -11%
Hotchkis & Wiley Capital Management
13
Hotchkis & Wiley Capital Management
California
$1.16M +$40.6K +2,940 +3%
Bank of New York Mellon
14
Bank of New York Mellon
New York
$958K -$48.5K -3,515 -4%
LSV Asset Management
15
LSV Asset Management
Illinois
$920K +$260K +18,848 +36%
CCM
16
Cutler Capital Management
Massachusetts
$798K -$110K -7,957 -11%
Acadian Asset Management
17
Acadian Asset Management
Massachusetts
$778K -$94.8K -6,871 -10%
PCM
18
Penn Capital Management
Pennsylvania
$672K +$12.3K +894 +2%
CAN
19
Cetera Advisor Networks
California
$565K +$34.6K +2,504 +6%
Franklin Resources
20
Franklin Resources
California
$559K – – –
BCM
21
BHZ Capital Management
California
$535K – – –
BCM
22
Bridgeway Capital Management
Texas
$500K +$338K +24,500 +168%
N
23
Nuveen
North Carolina
$495K +$7.41K +537 +1%
OFS
24
Orrstown Financial Services
Pennsylvania
$481K – – –
JP Morgan Chase
25
JP Morgan Chase
New York
$452K -$107K -7,720 -18%
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.