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Shore Bancshares
SHBI

115 hedge funds and large institutions have $208M invested in Shore Bancshares in 2024 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 41 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 9

4% more funds holding

Funds holding: 111 → 115 (+4)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.86% less ownership

Funds ownership: 55.24% → 54.38% (-0.86%)

20% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 41

20% less capital invested

Capital invested by funds: $261M → $208M (-$52.8M)

Holders
115
Holders Change
+4
Holders Change %
+3.6%
% of All Funds
1.66%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
14
Increased
33
Reduced
41
Closed
9
Calls
$14K
Puts
–
Net Calls
+$14K
Net Calls Change
+$14K

Top Buyers

Rank Fund Capital Flow
1
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$1.03M
2
Invesco
Invesco
Georgia
+$838K
3
Citadel Advisors
Citadel Advisors
Florida
+$655K
4
CIC
Cornercap Investment Counsel
Georgia
+$550K
5
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$416K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$3.49M
2
FL
Fourthstone LLC
Missouri
-$1.39M
3
MCA
Mendon Capital Advisors
Florida
-$1.23M
4
BlackRock
BlackRock
New York
-$758K
5
KCM
Kennedy Capital Management
Missouri
-$679K
Name Holding Trade Value Shares
Change 		Change in
Stake
EF
26
Empowered Funds
Pennsylvania
$1.5M +$118K +9,800 +8%
Goldman Sachs
27
Goldman Sachs
New York
$1.47M +$305K +25,464 +25%
SSB
28
Sandy Spring Bank
Maryland
$1.38M – – –
Wellington Management Group
29
Wellington Management Group
Massachusetts
$1.23M -$222K -18,537 -15%
Invesco
30
Invesco
Georgia
$1.19M +$838K +69,820 +207%
Assenagon Asset Management
31
Assenagon Asset Management
Luxembourg
$1.05M +$302K +25,155 +38%
Acadian Asset Management
32
Acadian Asset Management
Massachusetts
$1.04M -$26.2K -2,181 -2%
Brown Advisory
33
Brown Advisory
Maryland
$1.02M -$4.21K -351 -0.4%
Fisher Asset Management
34
Fisher Asset Management
Washington
$993K – – –
Charles Schwab
35
Charles Schwab
California
$893K -$31.7K -2,642 -3%
SM
36
Salzhauer Michael
$829K – – –
Barclays
37
Barclays
United Kingdom
$786K -$227K -18,956 -22%
N
38
Nuveen
North Carolina
$733K – – –
Carson Wealth (CWM LLC)
39
Carson Wealth (CWM LLC)
Nebraska
$732K +$108 +9 +0%
EMFAT
40
Emerald Mutual Fund Advisers Trust
Pennsylvania
$675K – – –
Stifel Financial
41
Stifel Financial
Missouri
$665K -$296K -24,715 -30%
T. Rowe Price Associates
42
T. Rowe Price Associates
Maryland
$657K +$75.8K +6,321 +12%
Citadel Advisors
43
Citadel Advisors
Florida
$628K +$655K +54,627 New
HSBC Holdings
44
HSBC Holdings
United Kingdom
$593K +$43K +3,588 +7%
JP Morgan Chase
45
JP Morgan Chase
New York
$577K +$241K +20,073 +67%
Thrivent Financial for Lutherans
46
Thrivent Financial for Lutherans
Minnesota
$564K +$143K +11,899 +32%
CIC
47
Cornercap Investment Counsel
Georgia
$528K +$550K +45,871 New
BNP Paribas Financial Markets
48
BNP Paribas Financial Markets
France
$493K +$416K +34,717 +428%
LSV Asset Management
49
LSV Asset Management
Illinois
$475K – – –
RhumbLine Advisers
50
RhumbLine Advisers
Massachusetts
$467K +$6.71K +559 +1%
1
2
3 4 5

SHBI Hedge Fund Activity: Q1 2024 in Review

115 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q1 2024, worth a combined $208M — down 20% from $261M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new SHBI positions and 9 closed out — a net gain of 5 holders — while 33 added to existing stakes and 41 trimmed.

The largest buyer was Dimensional Fund Advisors, adding an estimated $1.03M. The largest seller was Morgan Stanley, cutting an estimated $3.49M.

  • 115 institutional investors held Shore Bancshares (SHBI) as of Q1 2024, up from 111 in Q4 2023.
  • Funds reported $208M of Shore Bancshares stock for Q1 2024, down 20% quarter-over-quarter.
  • 14 funds opened new Shore Bancshares positions in Q1 2024 and 9 closed out, a net change of +5 holders.
  • The largest Shore Bancshares buyer in Q1 2024 was Dimensional Fund Advisors, an estimated $1.03M added.
  • The largest Shore Bancshares seller in Q1 2024 was Morgan Stanley, an estimated $3.49M sold.

Based on aggregated 13F filings for Q1 2024.