Southern First Bancshares
SFST
90 hedge funds and large institutions have $192M invested in Southern First Bancshares in 2023 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 30 increasing their positions, 32 reducing their positions, and 13 closing their positions.
6% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 32
2.15% less ownership
Funds ownership: 79.64% → 77.5% (-2.1%)
10% less funds holding
Funds holding: 100 → 90 (-10)
31% less capital invested
Capital invested by funds: $277M → $192M (-$85.3M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
62% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
FJ Capital Management
Mclean,
Virginia
|
+$6.71M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.64M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$796K |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$700K |
| 5 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$517K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.73M |
| 2 |
EC
EJF Capital
Arlington,
Virginia
|
-$2.71M |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$1.91M |
| 4 |
BlackRock
New York
|
-$1.21M |
| 5 |
Renaissance Technologies
New York
|
-$750K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TWP
101
TFO Wealth Partners
Maumee,
Ohio
| – | -$229 | -3 | Closed |
|
102
Nisa Investment Advisors
St. Louis,
Missouri
| – | +$118 | +3 | New |
|
SFST Hedge Fund Activity: Q1 2023 in Review
90 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Southern First Bancshares (SFST) for Q1 2023, worth a combined $192M — down 31% from $277M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of SFST and 5 opened new positions — a net loss of 8 holders — while 32 trimmed existing stakes and 30 added.
The largest buyer was FJ Capital Management, adding an estimated $6.71M. The largest seller was Wellington Management Group, cutting an estimated $2.73M.
- 90 institutional investors held Southern First Bancshares (SFST) as of Q1 2023, down from 100 in Q4 2022.
- Funds reported $192M of Southern First Bancshares stock for Q1 2023, down 31% quarter-over-quarter.
- 5 funds opened new Southern First Bancshares positions in Q1 2023 and 13 closed out, a net change of -8 holders.
- The largest Southern First Bancshares buyer in Q1 2023 was FJ Capital Management, an estimated $6.71M added.
- The largest Southern First Bancshares seller in Q1 2023 was Wellington Management Group, an estimated $2.73M sold.
Based on aggregated 13F filings for Q1 2023.