Stonegate Bank
SGBK
SGBK was delisted on the 26th of September, 2017.
123 hedge funds and large institutions have $455M invested in Stonegate Bank in 2017 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 39 increasing their positions, 44 reducing their positions, and 16 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
25% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 16
21% more capital invested
Capital invested by funds: $375M → $455M (+$80.4M)
2% less funds holding
Funds holding: 125 → 123 (-2)
11% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 44
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$30.6M |
| 2 |
CCM
Chicago Capital Management
Chicago,
Illinois
|
+$24.2M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$7.89M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$6.26M |
| 5 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
+$5.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$10.9M |
| 2 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$9.58M |
| 3 |
MCM
Maltese Capital Management
New York
|
-$6.56M |
| 4 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$5.04M |
| 5 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$3.14M |
SGBK Hedge Fund Activity: Q1 2017 in Review
123 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Stonegate Bank (SGBK) for Q1 2017, worth a combined $455M — up 21% from $375M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new SGBK positions and 16 closed out — a net gain of 4 holders — while 39 added to existing stakes and 44 trimmed.
The largest buyer was BlackRock, adding an estimated $30.6M. The largest seller was AllianceBernstein, cutting an estimated $10.9M.
- 123 institutional investors held Stonegate Bank (SGBK) as of Q1 2017, down from 125 in Q4 2016.
- Funds reported $455M of Stonegate Bank stock for Q1 2017, up 21% quarter-over-quarter.
- 20 funds opened new Stonegate Bank positions in Q1 2017 and 16 closed out, a net change of +4 holders.
- The largest Stonegate Bank buyer in Q1 2017 was BlackRock, an estimated $30.6M added.
- The largest Stonegate Bank seller in Q1 2017 was AllianceBernstein, an estimated $10.9M sold.
Based on aggregated 13F filings for Q1 2017.