Shore Bancshares
SHBI
39 hedge funds and large institutions have $50M invested in Shore Bancshares in 2014 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 10 increasing their positions, 6 reducing their positions, and 1 closing their positions.
1,100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 1
117% more capital invested
Capital invested by funds: $23M → $50M (+$27M)
67% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 6
39% more funds holding
Funds holding: 28 → 39 (+11)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$5.43M |
| 2 |
FCM
FJ Capital Management
Mclean,
Virginia
|
+$4.66M |
| 3 |
MCM
Maltese Capital Management
New York
|
+$4.61M |
| 4 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$3.84M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$3.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Schneider Capital Management
Berwyn,
Pennsylvania
|
-$243K |
| 2 |
GHAM
Gilman Hill Asset Management
New Canaan,
Connecticut
|
-$56K |
| 3 |
Morgan Stanley
New York
|
-$27.1K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$22.8K |
| 5 |
U
UBS
Zurich,
Switzerland
|
-$6.99K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCM
26
Schneider Capital Management
Berwyn,
Pennsylvania
| $174K | -$243K | -26,040 | -57% |
|
27
Northern Trust
Chicago,
Illinois
| $169K | +$308 | +33 | +0.2% |
|
|
28
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $34K | -$22.8K | -2,440 | -39% |
|
|
BA
29
BlackRock Advisors
Wilmington,
Delaware
| $33K | +$9.1K | +974 | +36% |
|
|
TDC
30
Thompson Davis & Co
Richmond,
Virginia
| $19K | – | – | – |
|
|
BIM
31
BlackRock Investment Management
Wilmington,
Delaware
| $19K | +$19.6K | +2,093 | New |
|
32
Bank of America
Charlotte,
North Carolina
| $8K | – | – | – |
|
33
Federated Hermes
Pittsburgh,
Pennsylvania
| $5K | +$4.75K | +508 | New |
|
|
U
34
UBS
Zurich,
Switzerland
| $3K | -$6.99K | -748 | -68% |
|
|
TRCT
35
Tower Research Capital (TRC)
New York
| $3K | -$47 | -5 | -1% |
|
|
GSC
36
Ground Swell Capital
Folly Beach,
South Carolina
| $3K | +$2.63K | +281 | New |
|
|
AWCI
37
Alpine Woods Capital Investors
Purchase,
New York
| $351 | +$364K | +39,000 | New |
|
38
BNP Paribas Financial Markets
Paris,
France
| $108 | – | – | – |
|
|
SJ
39
Stilwell Joseph
| – | -$3K | -300 | Closed |
|
SHBI Hedge Fund Activity: Q2 2014 in Review
39 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q2 2014, worth a combined $50M — up 117% from $23M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new SHBI positions and 1 closed out — a net gain of 11 holders — while 10 added to existing stakes and 6 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $5.43M. The largest seller was Schneider Capital Management, cutting an estimated $243K.
- 39 institutional investors held Shore Bancshares (SHBI) as of Q2 2014, up from 28 in Q1 2014.
- Funds reported $50M of Shore Bancshares stock for Q2 2014, up 117% quarter-over-quarter.
- 12 funds opened new Shore Bancshares positions in Q2 2014 and 1 closed out, a net change of +11 holders.
- The largest Shore Bancshares buyer in Q2 2014 was Wellington Management Group, an estimated $5.43M added.
- The largest Shore Bancshares seller in Q2 2014 was Schneider Capital Management, an estimated $243K sold.
Based on aggregated 13F filings for Q2 2014.