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Southern First Bancshares
SFST

82 hedge funds and large institutions have $157M invested in Southern First Bancshares in 2023 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 36 increasing their positions, 20 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 20

1.46% more ownership

Funds ownership: 77.5% → 78.96% (+1.5%)

9% less funds holding

Funds holding: 90 → 82 (-8)

18% less capital invested

Capital invested by funds: $192M → $157M (-$34.2M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

62% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 13

Holders
82
Holders Change
-8
Holders Change %
-8.89%
% of All Funds
1.29%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
5
Increased
36
Reduced
20
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
FCM
FJ Capital Management
Virginia
+$8.68M
2
BlackRock
BlackRock
New York
+$2.83M
3
BFC
Banc Funds Company
Illinois
+$1.04M
4
Russell Investments Group
Russell Investments Group
United Kingdom
+$903K
5
SWM
SeaCrest Wealth Management
New York
+$819K

Top Sellers

1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$11.5M
2
EC
EJF Capital
Virginia
-$1.65M
3
PCM
Penn Capital Management
Pennsylvania
-$1.45M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$1.11M
5
BCM
Bridgeway Capital Management
Texas
-$937K
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
26
Goldman Sachs
New York
$1.18M +$84.3K +3,234 +7%
Acadian Asset Management
27
Acadian Asset Management
Massachusetts
$986K – – –
BCM
28
Bridgeway Capital Management
Texas
$923K -$937K -35,942 -49%
Jacobs Levy Equity Management
29
Jacobs Levy Equity Management
New Jersey
$896K +$620K +23,790 +191%
Bank of New York Mellon
30
Bank of New York Mellon
New York
$883K -$1.59K -61 -0.2%
APG
31
Abacus Planning Group
South Carolina
$814K – – –
Two Sigma Advisers
32
Two Sigma Advisers
New York
$631K +$110K +4,200 +20%
GI
33
GAMCO Investors
Connecticut
$604K -$138K -5,300 -18%
EC
34
EJF Capital
Virginia
$578K -$1.65M -63,131 -73%
Charles Schwab
35
Charles Schwab
California
$508K +$1.8K +69 +0.3%
JP Morgan Chase
36
JP Morgan Chase
New York
$488K -$260K -9,974 -34%
State of Wisconsin Investment Board
37
State of Wisconsin Investment Board
Wisconsin
$488K +$112K +4,300 +28%
Barclays
38
Barclays
United Kingdom
$461K +$4.77K +183 +1%
SO
39
STRS Ohio
Ohio
$450K +$211K +8,100 +80%
LFCM
40
Long Focus Capital Management
Puerto Rico
$448K +$472K +18,113 New
Two Sigma Investments
41
Two Sigma Investments
New York
$403K -$11.5K -442 -3%
SSWM
42
Sheets Smith Wealth Management
North Carolina
$367K -$10.5K -403 -3%
NA
43
NewEdge Advisors
Louisiana
$341K +$182K +6,975 +102%
N
44
Nuveen
North Carolina
$338K – – –
GGI
45
Godsey & Gibb Inc
Virginia
$336K – – –
Invesco
46
Invesco
Georgia
$296K -$1.25K -48 -0.4%
RhumbLine Advisers
47
RhumbLine Advisers
Massachusetts
$288K -$126K -4,822 -29%
Bank of America
48
Bank of America
North Carolina
$259K -$1.72K -66 -0.6%
Assenagon Asset Management
49
Assenagon Asset Management
Luxembourg
$258K – – –
EST
50
EA Series Trust
Pennsylvania
$253K +$267K +10,235 New
1
2
3 4

SFST Hedge Fund Activity: Q2 2023 in Review

82 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Southern First Bancshares (SFST) for Q2 2023, worth a combined $157M — down 18% from $192M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of SFST and 5 opened new positions — a net loss of 8 holders — while 20 trimmed existing stakes and 36 added.

The largest buyer was FJ Capital Management, adding an estimated $8.68M. The largest seller was Manulife (Manufacturers Life Insurance), exiting entirely with an estimated $11.5M sold.

  • 82 institutional investors held Southern First Bancshares (SFST) as of Q2 2023, down from 90 in Q1 2023.
  • Funds reported $157M of Southern First Bancshares stock for Q2 2023, down 18% quarter-over-quarter.
  • 5 funds opened new Southern First Bancshares positions in Q2 2023 and 13 closed out, a net change of -8 holders.
  • The largest Southern First Bancshares buyer in Q2 2023 was FJ Capital Management, an estimated $8.68M added.
  • The largest Southern First Bancshares seller in Q2 2023 was Manulife (Manufacturers Life Insurance), an estimated $11.5M sold.

Based on aggregated 13F filings for Q2 2023.