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Shore Bancshares
SHBI

112 hedge funds and large institutions have $186M invested in Shore Bancshares in 2023 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 54 increasing their positions, 18 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

213% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 8

200% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 18

25% more capital invested

Capital invested by funds: $149M → $186M (+$36.9M)

17% more funds holding

Funds holding: 96 → 112 (+16)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

11.48% less ownership

Funds ownership: 64.74% → 53.26% (-11%)

Holders
112
Holders Change
+16
Holders Change %
+16.67%
% of All Funds
1.78%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
25
Increased
54
Reduced
18
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
+$15.1M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$7.78M
3
BlackRock
BlackRock
New York
+$7.06M
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$6.22M
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$3.09M

Top Sellers

Rank Fund Capital Flow
1
FCM
FJ Capital Management
Virginia
-$9.57M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$953K
3
First Trust Advisors
First Trust Advisors
Illinois
-$870K
4
Bank of America
Bank of America
North Carolina
-$475K
5
E
Ergoteles
New York
-$436K
Name Holding Trade Value Shares
Change 		Change in
Stake
Squarepoint
51
Squarepoint
New York
$435K +$471K +41,380 New
LSV Asset Management
52
LSV Asset Management
Illinois
$435K +$323K +28,407 +220%
EM
53
ELCO Management
New York
$424K +$188K +16,550 +70%
Creative Planning
54
Creative Planning
Kansas
$421K +$128K +11,270 +39%
Thrivent Financial for Lutherans
55
Thrivent Financial for Lutherans
Minnesota
$411K – – –
Invesco
56
Invesco
Georgia
$312K +$9.07K +797 +3%
DDC
57
DF Dent & Co
Maryland
$295K – – –
Ameriprise
58
Ameriprise
Minnesota
$281K +$304K +26,697 New
Janney Montgomery Scott
59
Janney Montgomery Scott
Pennsylvania
$279K +$302K +26,553 New
B
60
Bailard
California
$278K +$300K +26,387 New
EGM
61
Engineers Gate Manager
New York
$245K +$97K +8,529 +58%
BMCM
62
Black Maple Capital Management
Wisconsin
$223K +$241K +21,207 New
Connor, Clark & Lunn Investment Management (CC&L)
63
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$220K +$110K +9,665 +86%
Royal Bank of Canada
64
Royal Bank of Canada
Ontario, Canada
$216K +$55.7K +4,894 +31%
DI
65
DFPG Investments
Utah
$213K +$2.3K +202 +1%
JP Morgan Chase
66
JP Morgan Chase
New York
$213K -$3.83K -337 -2%
CD
67
Chapin Davis
Maryland
$205K – – –
UBS Group
68
UBS Group
Switzerland
$203K +$28.6K +2,518 +15%
AI
69
Atom Investors
Texas
$184K +$199K +17,515 New
TRCT
70
Tower Research Capital (TRC)
New York
$175K +$106K +9,315 +127%
MIM
71
MetLife Investment Management
New Jersey
$167K +$73.9K +6,498 +69%
Millennium Management
72
Millennium Management
New York
$164K +$177K +15,542 New
AIG
73
American International Group
New York
$156K +$71.5K +6,281 +73%
Mirae Asset Global Investments
74
Mirae Asset Global Investments
South Korea
$152K +$164K +14,407 New
Osaic Holdings
75
Osaic Holdings
Arizona
$147K -$967 -85 -0.6%
1 2
3
4 5

SHBI Hedge Fund Activity: Q3 2023 in Review

112 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q3 2023, worth a combined $186M — up 25% from $149M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new SHBI positions and 8 closed out — a net gain of 17 holders — while 54 added to existing stakes and 18 trimmed.

The largest buyer was Fourthstone LLC, adding an estimated $15.1M. The largest seller was FJ Capital Management, cutting an estimated $9.57M.

  • 112 institutional investors held Shore Bancshares (SHBI) as of Q3 2023, up from 96 in Q2 2023.
  • Funds reported $186M of Shore Bancshares stock for Q3 2023, up 25% quarter-over-quarter.
  • 25 funds opened new Shore Bancshares positions in Q3 2023 and 8 closed out, a net change of +17 holders.
  • The largest Shore Bancshares buyer in Q3 2023 was Fourthstone LLC, an estimated $15.1M added.
  • The largest Shore Bancshares seller in Q3 2023 was FJ Capital Management, an estimated $9.57M sold.

Based on aggregated 13F filings for Q3 2023.