Suffolk Bancorp
SCNB
SCNB was delisted on the 31st of March, 2017.
87 hedge funds and large institutions have $228M invested in Suffolk Bancorp in 2016 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 19 increasing their positions, 25 reducing their positions, and 13 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
92% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 13
25% more capital invested
Capital invested by funds: $183M → $228M (+$44.9M)
14% more funds holding
Funds holding: 76 → 87 (+11)
24% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Carlson Capital
Dallas,
Texas
|
+$10.5M |
| 2 |
CCM
Chicago Capital Management
Chicago,
Illinois
|
+$7.7M |
| 3 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$7.23M |
| 4 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$5.39M |
| 5 |
Morgan Stanley
New York
|
+$5.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$26.8M |
| 2 |
EC
EJF Capital
Arlington,
Virginia
|
-$14.4M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$8.99M |
| 4 |
HHC
Hutchin Hill Capital
New York
|
-$3.03M |
| 5 |
EI
EAM Investors
Solana Beach,
California
|
-$1.37M |
SCNB Hedge Fund Activity: Q2 2016 in Review
87 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Suffolk Bancorp (SCNB) for Q2 2016, worth a combined $228M — up 25% from $183M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new SCNB positions and 13 closed out — a net gain of 12 holders — while 19 added to existing stakes and 25 trimmed.
The largest buyer was Carlson Capital, opening a new position worth an estimated $10.5M. The largest seller was Basswood Capital Management, cutting an estimated $26.8M.
- 87 institutional investors held Suffolk Bancorp (SCNB) as of Q2 2016, up from 76 in Q1 2016.
- Funds reported $228M of Suffolk Bancorp stock for Q2 2016, up 25% quarter-over-quarter.
- 25 funds opened new Suffolk Bancorp positions in Q2 2016 and 13 closed out, a net change of +12 holders.
- The largest Suffolk Bancorp buyer in Q2 2016 was Carlson Capital, an estimated $10.5M added.
- The largest Suffolk Bancorp seller in Q2 2016 was Basswood Capital Management, an estimated $26.8M sold.
Based on aggregated 13F filings for Q2 2016.