Shore Bancshares
SHBI
36 hedge funds and large institutions have $47.2M invested in Shore Bancshares in 2014 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 12 increasing their positions, 6 reducing their positions, and 3 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 6
6% less capital invested
Capital invested by funds: $50M → $47.2M (-$2.75M)
8% less funds holding
Funds holding: 39 → 36 (-3)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
+$494K |
| 2 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
+$274K |
| 3 |
BCM
Basswood Capital Management
New York
|
+$94.9K |
| 4 |
Renaissance Technologies
New York
|
+$23.4K |
| 5 |
GHAM
Gilman Hill Asset Management
New Canaan,
Connecticut
|
+$21.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Schneider Capital Management
Berwyn,
Pennsylvania
|
-$174K |
| 2 |
Morgan Stanley
New York
|
-$107K |
| 3 |
Brown Advisory
Baltimore,
Maryland
|
-$97.5K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$25K |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$16.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Northern Trust
Chicago,
Illinois
| $167K | -$1.56K | -174 | -0.9% |
|
|
BA
27
BlackRock Advisors
Wilmington,
Delaware
| $33K | – | – | – |
|
|
U
28
UBS
Zurich,
Switzerland
| $20K | +$16.8K | +1,882 | +538% |
|
|
BIM
29
BlackRock Investment Management
Wilmington,
Delaware
| $19K | – | – | – |
|
|
TDC
30
Thompson Davis & Co
Richmond,
Virginia
| $19K | – | – | – |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| $14K | +$11K | +1,234 | +346% |
|
|
32
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $9K | -$25K | -2,800 | -74% |
|
33
Bank of America
Charlotte,
North Carolina
| $8K | – | – | – |
|
34
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $3.61K | +$2.34K | +262 | +0.1% |
|
|
GSC
35
Ground Swell Capital
Folly Beach,
South Carolina
| $1K | -$1.9K | -212 | -75% |
|
|
SCM
36
Schneider Capital Management
Berwyn,
Pennsylvania
| – | -$174K | -19,339 | Closed |
|
37
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$5K | -508 | Closed |
|
38
BNP Paribas Financial Markets
Paris,
France
| – | -$108 | -12 | Closed |
|
SHBI Hedge Fund Activity: Q3 2014 in Review
36 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q3 2014, worth a combined $47.2M — down 5.5% from $50M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of SHBI and 0 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 12 added.
The largest buyer was Maltese Capital Management, adding an estimated $494K. The largest seller was Schneider Capital Management, exiting entirely with an estimated $174K sold.
- 36 institutional investors held Shore Bancshares (SHBI) as of Q3 2014, down from 39 in Q2 2014.
- Funds reported $47.2M of Shore Bancshares stock for Q3 2014, down 5.5% quarter-over-quarter.
- 0 funds opened new Shore Bancshares positions in Q3 2014 and 3 closed out, a net change of -3 holders.
- The largest Shore Bancshares buyer in Q3 2014 was Maltese Capital Management, an estimated $494K added.
- The largest Shore Bancshares seller in Q3 2014 was Schneider Capital Management, an estimated $174K sold.
Based on aggregated 13F filings for Q3 2014.