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Shore Bancshares
SHBI

70 hedge funds and large institutions have $144M invested in Shore Bancshares in 2017 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 30 increasing their positions, 16 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

600% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 2

88% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 16

18% more capital invested

Capital invested by funds: $122M → $144M (+$22M)

13% more funds holding

Funds holding: 62 → 70 (+8)

4.92% more ownership

Funds ownership: 63.01% → 67.92% (+4.9%)

Holders
70
Holders Change
+8
Holders Change %
+12.9%
% of All Funds
1.74%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
30
Reduced
16
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$12.3M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$5.63M
3
Millennium Management
Millennium Management
New York
+$1M
4
JP Morgan Chase
JP Morgan Chase
New York
+$842K
5
BPM
Bowling Portfolio Management
Ohio
+$804K

Top Sellers

Rank Fund Capital Flow
1
Brown Advisory
Brown Advisory
Maryland
-$1.38M
2
MCM
Maltese Capital Management
New York
-$1.16M
3
BCM
Basswood Capital Management
New York
-$822K
4
Morgan Stanley
Morgan Stanley
New York
-$551K
5
Stifel Financial
Stifel Financial
Missouri
-$488K
Name Holding Trade Value Shares
Change 		Change in
Stake
GHAM
26
Gilman Hill Asset Management
Connecticut
$1.04M -$24.6K -1,500 -2%
Acadian Asset Management
27
Acadian Asset Management
Massachusetts
$1.02M +$516K +31,430 +106%
Deutsche Bank
28
Deutsche Bank
Germany
$923K -$92.8K -5,649 -9%
BPM
29
Bowling Portfolio Management
Ohio
$818K +$804K +48,952 New
OAM
30
Oxford Asset Management
United Kingdom
$779K +$766K +46,616 New
EGA
31
Eagle Global Advisors
Texas
$712K – – –
TCIM
32
TIAA CREF Investment Management
New York
$697K +$14.4K +875 +2%
LSV Asset Management
33
LSV Asset Management
Illinois
$639K +$629K +38,296 New
SO
34
STRS Ohio
Ohio
$631K – – –
Wells Fargo
35
Wells Fargo
California
$546K +$410K +24,936 +322%
Russell Investments Group
36
Russell Investments Group
United Kingdom
$512K -$282K -17,181 -36%
Ohio Public Employees Retirement System (OPERS)
37
Ohio Public Employees Retirement System (OPERS)
Ohio
$490K – – –
KCM
38
Kennedy Capital Management
Missouri
$490K +$21.4K +1,305 +5%
GC
39
Globeflex Capital
California
$460K +$450K +27,398 +18,388%
California State Teachers Retirement System (CalSTRS)
40
California State Teachers Retirement System (CalSTRS)
California
$421K -$9.86K -600 -2%
Goldman Sachs
41
Goldman Sachs
New York
$417K +$115K +6,979 +39%
California Public Employees Retirement System
42
California Public Employees Retirement System
California
$413K – – –
CEP
43
Chicago Equity Partners
Illinois
$364K +$358K +21,760 New
Charles Schwab
44
Charles Schwab
California
$334K – – –
Bessemer Group
45
Bessemer Group
New Jersey
$323K +$140K +8,500 +79%
NFA
46
Nationwide Fund Advisors
Ohio
$314K +$91.6K +5,573 +42%
SGAM
47
Smith Group Asset Management
Texas
$264K +$259K +15,776 New
TA
48
Teachers Advisors
New York
$260K – – –
AWCI
49
Alpine Woods Capital Investors
New York
$226K – – –
RhumbLine Advisers
50
RhumbLine Advisers
Massachusetts
$175K +$172K +10,459 New
1
2
3

SHBI Hedge Fund Activity: Q1 2017 in Review

70 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q1 2017, worth a combined $144M — up 18% from $122M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new SHBI positions and 2 closed out — a net gain of 12 holders — while 30 added to existing stakes and 16 trimmed.

The largest buyer was BlackRock, adding an estimated $12.3M. The largest seller was Brown Advisory, cutting an estimated $1.38M.

  • 70 institutional investors held Shore Bancshares (SHBI) as of Q1 2017, up from 62 in Q4 2016.
  • Funds reported $144M of Shore Bancshares stock for Q1 2017, up 18% quarter-over-quarter.
  • 14 funds opened new Shore Bancshares positions in Q1 2017 and 2 closed out, a net change of +12 holders.
  • The largest Shore Bancshares buyer in Q1 2017 was BlackRock, an estimated $12.3M added.
  • The largest Shore Bancshares seller in Q1 2017 was Brown Advisory, an estimated $1.38M sold.

Based on aggregated 13F filings for Q1 2017.