Southern First Bancshares
SFST
74 hedge funds and large institutions have $165M invested in Southern First Bancshares in 2020 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 30 increasing their positions, 25 reducing their positions, and 13 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 25
2.67% more ownership
Funds ownership: 72.89% → 75.56% (+2.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less funds holding
Funds holding: 82 → 74 (-8)
30% less capital invested
Capital invested by funds: $236M → $165M (-$71M)
62% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$8.31M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$5.15M |
| 3 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$2.57M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$1.95M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$4.25M |
| 2 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$2.36M |
| 3 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
-$1.93M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.85M |
| 5 |
BPM
Bowling Portfolio Management
Cincinnati,
Ohio
|
-$840K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BPM
76
Bowling Portfolio Management
Cincinnati,
Ohio
| – | -$840K | -19,771 | Closed |
|
|
OAM
77
Oxford Asset Management
Oxford,
United Kingdom
| – | -$837K | -19,707 | Closed |
|
|
BCM
78
Bridgeway Capital Management
Houston,
Texas
| – | -$642K | -15,115 | Closed |
|
79
Squarepoint
New York
| – | -$339K | -7,973 | Closed |
|
80
Arrowstreet Capital
Boston,
Massachusetts
| – | -$251K | -5,900 | Closed |
|
81
Millennium Management
New York
| – | -$246K | -5,787 | Closed |
|
|
SCM
82
Southport Capital Management
Chattanooga,
Tennessee
| – | -$240K | -5,637 | Closed |
|
83
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$202K | -4,746 | Closed |
|
84
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$38K | -898 | Closed |
|
|
BCA
85
Berman Capital Advisors
Atlanta,
Georgia
| – | -$12K | -293 | Closed |
|
86
Lazard Asset Management
New York
| – | -$7K | -183 | Closed |
|
87
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$7K | -157 | Closed |
|
SFST Hedge Fund Activity: Q1 2020 in Review
74 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Southern First Bancshares (SFST) for Q1 2020, worth a combined $165M — down 30% from $236M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of SFST and 5 opened new positions — a net loss of 8 holders — while 25 trimmed existing stakes and 30 added.
The largest buyer was Endeavour Capital Advisors, opening a new position worth an estimated $8.31M. The largest seller was Mendon Capital Advisors, exiting entirely with an estimated $4.25M sold.
- 74 institutional investors held Southern First Bancshares (SFST) as of Q1 2020, down from 82 in Q4 2019.
- Funds reported $165M of Southern First Bancshares stock for Q1 2020, down 30% quarter-over-quarter.
- 5 funds opened new Southern First Bancshares positions in Q1 2020 and 13 closed out, a net change of -8 holders.
- The largest Southern First Bancshares buyer in Q1 2020 was Endeavour Capital Advisors, an estimated $8.31M added.
- The largest Southern First Bancshares seller in Q1 2020 was Mendon Capital Advisors, an estimated $4.25M sold.
Based on aggregated 13F filings for Q1 2020.