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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$12.3M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$5.63M |
| 3 |
Millennium Management
New York
|
+$1M |
| 4 |
JP Morgan Chase
New York
|
+$842K |
| 5 |
BPM
Bowling Portfolio Management
Cincinnati,
Ohio
|
+$804K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Brown Advisory
Baltimore,
Maryland
|
-$1.38M |
| 2 |
MCM
Maltese Capital Management
New York
|
-$1.16M |
| 3 |
BCM
Basswood Capital Management
New York
|
-$822K |
| 4 |
Morgan Stanley
New York
|
-$551K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$488K |
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.