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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
FJ Capital Management
Mclean,
Virginia
|
+$8.68M |
| 2 |
BlackRock
New York
|
+$2.83M |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$1.04M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$903K |
| 5 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
+$819K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$11.5M |
| 2 |
EC
EJF Capital
Arlington,
Virginia
|
-$1.65M |
| 3 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$1.45M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$1.11M |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$937K |
SFST Hedge Fund Activity: Q2 2023 in Review
82 of the 6,383 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.