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Shore Bancshares
SHBI

95 hedge funds and large institutions have $169M invested in Shore Bancshares in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 28 increasing their positions, 30 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 6

10% more funds holding

Funds holding: 86 → 95 (+9)

0.1% less ownership

Funds ownership: 59.91% → 59.8% (-0.1%)

7% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 30

12% less capital invested

Capital invested by funds: $193M → $169M (-$23.6M)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
95
Holders Change
+9
Holders Change %
+10.47%
% of All Funds
1.51%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
16
Increased
28
Reduced
30
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$9.65M
2
Goldman Sachs
Goldman Sachs
New York
+$1.55M
3
HSBC Holdings
HSBC Holdings
United Kingdom
+$864K
4
Two Sigma Advisers
Two Sigma Advisers
New York
+$532K
5
Barclays
Barclays
United Kingdom
+$526K

Top Sellers

Rank Fund Capital Flow
1
FCM
FJ Capital Management
Virginia
-$7.17M
2
FL
Fourthstone LLC
Missouri
-$3.75M
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$1.89M
4
HAM
HoldCo Asset Management
Florida
-$1.08M
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$739K
Name Holding Trade Value Shares
Change 		Change in
Stake
SM
26
Salzhauer Michael
$1.05M – – –
Two Sigma Advisers
27
Two Sigma Advisers
New York
$1.05M +$532K +32,000 +77%
PU
28
Petiole USA
New York
$898K -$66.5K -4,000 -6%
First Trust Advisors
29
First Trust Advisors
Illinois
$806K -$45.2K -2,716 -5%
HAI
30
Hennessy Advisors Inc
California
$785K -$249K -15,000 -21%
Bank of America
31
Bank of America
North Carolina
$769K +$441K +26,524 +97%
Stifel Financial
32
Stifel Financial
Missouri
$759K +$38.7K +2,328 +5%
HSBC Holdings
33
HSBC Holdings
United Kingdom
$742K +$864K +51,946 New
Charles Schwab
34
Charles Schwab
California
$690K +$18.1K +1,086 +2%
T. Rowe Price Associates
35
T. Rowe Price Associates
Maryland
$633K +$83.2K +5,000 +13%
Barclays
36
Barclays
United Kingdom
$622K +$526K +31,606 +264%
PCM
37
Penn Capital Management
Pennsylvania
$590K -$421K -25,292 -38%
N
38
Nuveen
North Carolina
$569K -$250K -15,005 -27%
TI
39
Trexquant Investment
Connecticut
$465K +$120K +7,228 +28%
HI
40
HBK Investments
Texas
$436K +$508K +30,536 New
Invesco
41
Invesco
Georgia
$414K +$39.3K +2,364 +9%
Creative Planning
42
Creative Planning
Kansas
$411K +$17 +1 +0%
DDC
43
DF Dent & Co
Maryland
$400K -$36.4K -2,189 -7%
SCP
44
Siena Capital Partners
Illinois
$393K +$458K +27,526 New
RhumbLine Advisers
45
RhumbLine Advisers
Massachusetts
$385K +$5.77K +347 +1%
Millennium Management
46
Millennium Management
New York
$379K -$460K -27,675 -51%
KCM
47
Kennedy Capital Management
Missouri
$364K +$266 +16 +0.1%
EM
48
ELCO Management
New York
$340K – – –
SO
49
STRS Ohio
Ohio
$337K +$392K +23,600 New
JP Morgan Chase
50
JP Morgan Chase
New York
$304K +$42.9K +2,580 +14%
1
2
3 4

SHBI Hedge Fund Activity: Q1 2023 in Review

95 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q1 2023, worth a combined $169M — down 12% from $193M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new SHBI positions and 6 closed out — a net gain of 10 holders — while 28 added to existing stakes and 30 trimmed.

The largest buyer was BlackRock, adding an estimated $9.65M. The largest seller was FJ Capital Management, cutting an estimated $7.17M.

  • 95 institutional investors held Shore Bancshares (SHBI) as of Q1 2023, up from 86 in Q4 2022.
  • Funds reported $169M of Shore Bancshares stock for Q1 2023, down 12% quarter-over-quarter.
  • 16 funds opened new Shore Bancshares positions in Q1 2023 and 6 closed out, a net change of +10 holders.
  • The largest Shore Bancshares buyer in Q1 2023 was BlackRock, an estimated $9.65M added.
  • The largest Shore Bancshares seller in Q1 2023 was FJ Capital Management, an estimated $7.17M sold.

Based on aggregated 13F filings for Q1 2023.