Shore Bancshares
SHBI
78 hedge funds and large institutions have $154M invested in Shore Bancshares in 2018 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 27 increasing their positions, 22 reducing their positions, and 5 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 22
0.71% less ownership
Funds ownership: 68.38% → 67.67% (-0.71%)
5% less funds holding
Funds holding: 82 → 78 (-4)
7% less capital invested
Capital invested by funds: $166M → $154M (-$12.1M)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$1.74M |
| 2 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$725K |
| 3 |
BlackRock
New York
|
+$652K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$496K |
| 5 |
Renaissance Technologies
New York
|
+$289K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$3.75M |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$538K |
| 3 |
Millennium Management
New York
|
-$344K |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$175K |
| 5 |
CIM
Corbyn Investment Management
Lutherville,
Maryland
|
-$146K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Bank of Montreal
Toronto,
Ontario, Canada
| $2K | -$57 | -3 | -3% |
|
77
Canada Life
Winnipeg,
Manitoba, Canada
| $1K | – | – | – |
|
78
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | +$1.19K | +63 | New |
|
|
MIM
79
MetLife Investment Management
Whippany,
New Jersey
| – | -$126K | -6,600 | Closed |
|
|
MLICM
80
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$88.7K | -4,661 | Closed |
|
81
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$18K | -943 | Closed |
|
|
PIA
82
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$4K | -219 | Closed |
|
83
SEI Investments
Oaks,
Pennsylvania
| – | -$1K | -45 | Closed |
|
SHBI Hedge Fund Activity: Q3 2018 in Review
78 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q3 2018, worth a combined $154M — down 7.3% from $166M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SHBI and 2 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 27 added.
The largest buyer was Wellington Management Group, adding an estimated $1.74M. The largest seller was Basswood Capital Management, cutting an estimated $3.75M.
- 78 institutional investors held Shore Bancshares (SHBI) as of Q3 2018, down from 82 in Q2 2018.
- Funds reported $154M of Shore Bancshares stock for Q3 2018, down 7.3% quarter-over-quarter.
- 2 funds opened new Shore Bancshares positions in Q3 2018 and 5 closed out, a net change of -3 holders.
- The largest Shore Bancshares buyer in Q3 2018 was Wellington Management Group, an estimated $1.74M added.
- The largest Shore Bancshares seller in Q3 2018 was Basswood Capital Management, an estimated $3.75M sold.
Based on aggregated 13F filings for Q3 2018.