Shore Bancshares
SHBI
72 hedge funds and large institutions have $136M invested in Shore Bancshares in 2019 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 17 reducing their positions, and 6 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 17
9% more capital invested
Capital invested by funds: $125M → $136M (+$11.4M)
0.25% less ownership
Funds ownership: 65.52% → 65.27% (-0.25%)
4% less funds holding
Funds holding: 75 → 72 (-3)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$974K |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$719K |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$486K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$468K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$339K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.38M |
| 2 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
-$577K |
| 3 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$377K |
| 4 |
Charles Schwab
San Francisco,
California
|
-$353K |
| 5 |
Morgan Stanley
New York
|
-$212K |
SHBI Hedge Fund Activity: Q2 2019 in Review
72 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q2 2019, worth a combined $136M — up 9.1% from $125M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of SHBI and 5 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 23 added.
The largest buyer was Basswood Capital Management, opening a new position worth an estimated $974K. The largest seller was Wellington Management Group, cutting an estimated $1.38M.
- 72 institutional investors held Shore Bancshares (SHBI) as of Q2 2019, down from 75 in Q1 2019.
- Funds reported $136M of Shore Bancshares stock for Q2 2019, up 9.1% quarter-over-quarter.
- 5 funds opened new Shore Bancshares positions in Q2 2019 and 6 closed out, a net change of -1 holder.
- The largest Shore Bancshares buyer in Q2 2019 was Basswood Capital Management, an estimated $974K added.
- The largest Shore Bancshares seller in Q2 2019 was Wellington Management Group, an estimated $1.38M sold.
Based on aggregated 13F filings for Q2 2019.