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Shore Bancshares
SHBI

63 hedge funds and large institutions have $92M invested in Shore Bancshares in 2016 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 32 increasing their positions, 12 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 12

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

5% more funds holding

Funds holding: 60 → 63 (+3)

1% more capital invested

Capital invested by funds: $90.8M → $92M (+$1.16M)

Holders
63
Holders Change
+3
Holders Change %
+5%
% of All Funds
1.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
32
Reduced
12
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FCM
FJ Capital Management
Virginia
+$1.75M
2
BCM
BHZ Capital Management
California
+$587K
3
State Street
State Street
Massachusetts
+$561K
4
Renaissance Technologies
Renaissance Technologies
New York
+$376K
5
BFA
BlackRock Fund Advisors
California
+$284K

Top Sellers

Rank Fund Capital Flow
1
EPCA
Elizabeth Park Capital Advisors
Ohio
-$2.18M
2
BCM
Basswood Capital Management
New York
-$1.36M
3
MCM
Maltese Capital Management
New York
-$501K
4
SSG
Summit Securities Group
New York
-$360K
5
HIM
Hillsdale Investment Management
Ontario, Canada
-$314K
Name Holding Trade Value Shares
Change 		Change in
Stake
GHAM
26
Gilman Hill Asset Management
Connecticut
$751K +$63.5K +5,431 +9%
EM
27
ELCO Management
New York
$751K +$746K +63,750 New
Bank of New York Mellon
28
Bank of New York Mellon
New York
$638K +$175K +14,974 +38%
BIM
29
BlackRock Investment Management
Delaware
$587K -$1.22K -104 -0.2%
EGA
30
Eagle Global Advisors
Texas
$502K +$209K +17,830 +72%
MERSOM
31
Municipal Employees' Retirement System of Michigan
Michigan
$457K – – –
PAM
32
Panagora Asset Management
Massachusetts
$394K +$273K +23,303 +230%
Stifel Financial
33
Stifel Financial
Missouri
$375K +$21.8K +1,867 +6%
KCM
34
Kennedy Capital Management
Missouri
$342K +$4.67K +399 +1%
EA
35
Emerald Acquisition
Washington
$332K +$239K +20,450 +262%
SO
36
STRS Ohio
Ohio
$323K +$1.87K +160 +0.6%
California State Teachers Retirement System (CalSTRS)
37
California State Teachers Retirement System (CalSTRS)
California
$313K +$3.51K +300 +1%
California Public Employees Retirement System
38
California Public Employees Retirement System
California
$291K – – –
Charles Schwab
39
Charles Schwab
California
$236K – – –
AWCI
40
Alpine Woods Capital Investors
New York
$206K +$46.8K +4,000 +30%
MAM
41
Martingale Asset Management
Massachusetts
$181K +$179K +15,286 New
TA
42
Teachers Advisors
New York
$164K – – –
NFA
43
Nationwide Fund Advisors
Ohio
$156K +$12.7K +1,088 +9%
RhumbLine Advisers
44
RhumbLine Advisers
Massachusetts
$142K +$22.2K +1,900 +19%
AIM
45
Acrospire Investment Management
Illinois
$114K +$48.2K +4,121 +74%
BA
46
BlackRock Advisors
Delaware
$95K +$10.9K +928 +13%
AIG
47
American International Group
New York
$85.2K +$129 +11 +0.2%
Citigroup
48
Citigroup
New York
$63K +$47.9K +4,094 +328%
FQ
49
First Quadrant
California
$49K +$48.5K +4,145 New
UBS Group
50
UBS Group
Switzerland
$35K +$9.88K +845 +39%
1
2
3

SHBI Hedge Fund Activity: Q3 2016 in Review

63 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q3 2016, worth a combined $92M — up 1.3% from $90.8M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new SHBI positions and 3 closed out — a net gain of 3 holders — while 32 added to existing stakes and 12 trimmed.

The largest buyer was FJ Capital Management, adding an estimated $1.75M. The largest seller was Elizabeth Park Capital Advisors, cutting an estimated $2.18M.

  • 63 institutional investors held Shore Bancshares (SHBI) as of Q3 2016, up from 60 in Q2 2016.
  • Funds reported $92M of Shore Bancshares stock for Q3 2016, up 1.3% quarter-over-quarter.
  • 6 funds opened new Shore Bancshares positions in Q3 2016 and 3 closed out, a net change of +3 holders.
  • The largest Shore Bancshares buyer in Q3 2016 was FJ Capital Management, an estimated $1.75M added.
  • The largest Shore Bancshares seller in Q3 2016 was Elizabeth Park Capital Advisors, an estimated $2.18M sold.

Based on aggregated 13F filings for Q3 2016.