Shore Bancshares
SHBI
70 hedge funds and large institutions have $97.4M invested in Shore Bancshares in 2020 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 22 increasing their positions, 30 reducing their positions, and 9 closing their positions.
1.66% more ownership
Funds ownership: 69.81% → 71.47% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 76 → 70 (-6)
27% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 30
37% less capital invested
Capital invested by funds: $154M → $97.4M (-$56.4M)
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$2.44M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$857K |
| 3 |
Russell Investments Group
London,
United Kingdom
|
+$715K |
| 4 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$232K |
| 5 |
EC
EJF Capital
Arlington,
Virginia
|
+$228K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$732K |
| 2 |
Millennium Management
New York
|
-$583K |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$412K |
| 4 |
Renaissance Technologies
New York
|
-$405K |
| 5 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$238K |
SHBI Hedge Fund Activity: Q1 2020 in Review
70 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q1 2020, worth a combined $97.4M — down 37% from $154M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of SHBI and 3 opened new positions — a net loss of 6 holders — while 30 trimmed existing stakes and 22 added.
The largest buyer was Fourthstone LLC, adding an estimated $2.44M. The largest seller was Bridgeway Capital Management, cutting an estimated $732K.
- 70 institutional investors held Shore Bancshares (SHBI) as of Q1 2020, down from 76 in Q4 2019.
- Funds reported $97.4M of Shore Bancshares stock for Q1 2020, down 37% quarter-over-quarter.
- 3 funds opened new Shore Bancshares positions in Q1 2020 and 9 closed out, a net change of -6 holders.
- The largest Shore Bancshares buyer in Q1 2020 was Fourthstone LLC, an estimated $2.44M added.
- The largest Shore Bancshares seller in Q1 2020 was Bridgeway Capital Management, an estimated $732K sold.
Based on aggregated 13F filings for Q1 2020.