Shore Bancshares
SHBI
75 hedge funds and large institutions have $143M invested in Shore Bancshares in 2017 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 32 increasing their positions, 22 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
45% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 22
7% more funds holding
Funds holding: 70 → 75 (+5)
0.59% more ownership
Funds ownership: 67.92% → 68.51% (+0.59%)
1% less capital invested
Capital invested by funds: $144M → $143M (-$905K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$2M |
| 2 |
State Street
Boston,
Massachusetts
|
+$1.1M |
| 3 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$898K |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$765K |
| 5 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
+$692K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$2.65M |
| 2 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$975K |
| 3 |
BPM
Bowling Portfolio Management
Cincinnati,
Ohio
|
-$818K |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$756K |
| 5 |
Ohio Public Employees Retirement System (OPERS)
Columbus,
Ohio
|
-$490K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Goldman Sachs
New York
| – | -$417K | -24,947 | Closed |
|
|
MLICM
77
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$158K | -9,435 | Closed |
|
|
CAM
78
ClariVest Asset Management
San Diego,
California
| – | -$83K | -4,978 | Closed |
|
79
Barclays
London,
United Kingdom
| – | -$796 | -48 | -83% |
|
80
SEI Investments
Oaks,
Pennsylvania
| – | +$249 | +15 | New |
|
SHBI Hedge Fund Activity: Q2 2017 in Review
75 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q2 2017, worth a combined $143M — down 0.63% from $144M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new SHBI positions and 5 closed out — a net gain of 5 holders — while 32 added to existing stakes and 22 trimmed.
The largest buyer was Numeric Investors, opening a new position worth an estimated $2M. The largest seller was Basswood Capital Management, cutting an estimated $2.65M.
- 75 institutional investors held Shore Bancshares (SHBI) as of Q2 2017, up from 70 in Q1 2017.
- Funds reported $143M of Shore Bancshares stock for Q2 2017, down 0.63% quarter-over-quarter.
- 10 funds opened new Shore Bancshares positions in Q2 2017 and 5 closed out, a net change of +5 holders.
- The largest Shore Bancshares buyer in Q2 2017 was Numeric Investors, an estimated $2M added.
- The largest Shore Bancshares seller in Q2 2017 was Basswood Capital Management, an estimated $2.65M sold.
Based on aggregated 13F filings for Q2 2017.