Shore Bancshares
SHBI
28 hedge funds and large institutions have $23M invested in Shore Bancshares in 2014 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 11 increasing their positions, 5 reducing their positions, and 2 closing their positions.
120% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 5
13% more capital invested
Capital invested by funds: $20.3M → $23M (+$2.7M)
3% less funds holding
Funds holding: 29 → 28 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$2.8M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$1.48M |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$161K |
| 4 |
Renaissance Technologies
New York
|
+$98.5K |
| 5 |
GHAM
Gilman Hill Asset Management
New Canaan,
Connecticut
|
+$87.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$1.27M |
| 2 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$794K |
| 3 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
-$360K |
| 4 |
Morgan Stanley
New York
|
-$152K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$62.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
BNP Paribas Financial Markets
Paris,
France
| $114 | – | – | – |
|
27
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $9 | – | – | – |
|
|
SKK
28
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$360K | -39,072 | Closed |
|
|
BTS
29
BB&T Securities
Richmond,
Virginia
| – | -$1.27M | -13,812 | Closed |
|
SHBI Hedge Fund Activity: Q1 2014 in Review
28 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q1 2014, worth a combined $23M — up 13% from $20.3M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of SHBI and 1 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 11 added.
The largest buyer was Basswood Capital Management, opening a new position worth an estimated $2.8M. The largest seller was BB&T Securities, exiting entirely with an estimated $1.27M sold.
- 28 institutional investors held Shore Bancshares (SHBI) as of Q1 2014, down from 29 in Q4 2013.
- Funds reported $23M of Shore Bancshares stock for Q1 2014, up 13% quarter-over-quarter.
- 1 fund opened new Shore Bancshares positions in Q1 2014 and 2 closed out, a net change of -1 holder.
- The largest Shore Bancshares buyer in Q1 2014 was Basswood Capital Management, an estimated $2.8M added.
- The largest Shore Bancshares seller in Q1 2014 was BB&T Securities, an estimated $1.27M sold.
Based on aggregated 13F filings for Q1 2014.