Shore Bancshares
SHBI
72 hedge funds and large institutions have $125M invested in Shore Bancshares in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 24 increasing their positions, 16 reducing their positions, and 4 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 16
0% more funds holding
Funds holding: 72 → 72 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
1.61% less ownership
Funds ownership: 65.27% → 63.66% (-1.6%)
8% less capital invested
Capital invested by funds: $136M → $125M (-$10.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$489K |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$474K |
| 3 |
BlackRock
New York
|
+$381K |
| 4 |
EC
EJF Capital
Arlington,
Virginia
|
+$335K |
| 5 |
Morgan Stanley
New York
|
+$161K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$3.15M |
| 2 |
BCM
Basswood Capital Management
New York
|
-$1.02M |
| 3 |
MCM
Maltese Capital Management
New York
|
-$546K |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$522K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$233K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$1K | -48 | Closed |
|
SHBI Hedge Fund Activity: Q3 2019 in Review
72 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q3 2019, worth a combined $125M — down 8% from $136M a quarter earlier.
Fund positioning in SHBI was balanced in Q3 2019: 4 funds opened new positions, 4 closed out, 24 added to existing stakes and 16 trimmed.
The largest buyer was Renaissance Technologies, adding an estimated $489K. The largest seller was Wellington Management Group, cutting an estimated $3.15M.
- 72 institutional investors held Shore Bancshares (SHBI) as of Q3 2019, unchanged from Q2 2019.
- Funds reported $125M of Shore Bancshares stock for Q3 2019, down 8% quarter-over-quarter.
- 4 funds opened new Shore Bancshares positions in Q3 2019 and 4 closed out, a net change of 0 holders.
- The largest Shore Bancshares buyer in Q3 2019 was Renaissance Technologies, an estimated $489K added.
- The largest Shore Bancshares seller in Q3 2019 was Wellington Management Group, an estimated $3.15M sold.
Based on aggregated 13F filings for Q3 2019.