Suffolk Bancorp
SCNB
SCNB was delisted on the 31st of March, 2017.
88 hedge funds and large institutions have $264M invested in Suffolk Bancorp in 2017 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 31 increasing their positions, 20 reducing their positions, and 14 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 20
29% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 14
2% less funds holding
Funds holding: 90 → 88 (-2)
13% less capital invested
Capital invested by funds: $302M → $264M (-$38M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$13.8M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$8.43M |
| 3 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$7.08M |
| 4 |
CCM
Chicago Capital Management
Chicago,
Illinois
|
+$4.57M |
| 5 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$4.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$39.9M |
| 2 |
Tudor Investment Corp
Stamford,
Connecticut
|
-$6.55M |
| 3 |
State Street
Boston,
Massachusetts
|
-$4.27M |
| 4 |
OCAM
Onex Canada Asset Management
Toronto,
Ontario, Canada
|
-$4.17M |
| 5 |
CC
Carlson Capital
Dallas,
Texas
|
-$3.55M |
SCNB Hedge Fund Activity: Q1 2017 in Review
88 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Suffolk Bancorp (SCNB) for Q1 2017, worth a combined $264M — down 13% from $302M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new SCNB positions and 14 closed out — a net gain of 4 holders — while 31 added to existing stakes and 20 trimmed.
The largest buyer was Magnetar Financial, opening a new position worth an estimated $13.8M. The largest seller was Banc Funds Company, exiting entirely with an estimated $39.9M sold.
- 88 institutional investors held Suffolk Bancorp (SCNB) as of Q1 2017, down from 90 in Q4 2016.
- Funds reported $264M of Suffolk Bancorp stock for Q1 2017, down 13% quarter-over-quarter.
- 18 funds opened new Suffolk Bancorp positions in Q1 2017 and 14 closed out, a net change of +4 holders.
- The largest Suffolk Bancorp buyer in Q1 2017 was Magnetar Financial, an estimated $13.8M added.
- The largest Suffolk Bancorp seller in Q1 2017 was Banc Funds Company, an estimated $39.9M sold.
Based on aggregated 13F filings for Q1 2017.