Shore Bancshares
SHBI
67 hedge funds and large institutions have $154M invested in Shore Bancshares in 2021 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 21 reducing their positions, and 13 closing their positions.
7% more capital invested
Capital invested by funds: $144M → $154M (+$10.2M)
0.88% more ownership
Funds ownership: 72.94% → 73.82% (+0.88%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less funds holding
Funds holding: 74 → 67 (-7)
24% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 21
54% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$4.52M |
| 2 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
+$3.17M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$1.41M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.25M |
| 5 |
Morgan Stanley
New York
|
+$1.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$3.6M |
| 2 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$1.67M |
| 3 |
Millennium Management
New York
|
-$1.19M |
| 4 |
Renaissance Technologies
New York
|
-$1.18M |
| 5 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$521K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
JP Morgan Chase
New York
| – | -$122K | -7,316 | Closed |
|
|
PAM
77
Panagora Asset Management
Boston,
Massachusetts
| – | -$78K | -4,672 | Closed |
|
78
Citigroup
New York
| – | -$12K | -710 | Closed |
|
79
New York State Common Retirement Fund
Albany,
New York
| – | -$2K | -99 | Closed |
|
SHBI Hedge Fund Activity: Q3 2021 in Review
67 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q3 2021, worth a combined $154M — up 7.1% from $144M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of SHBI and 6 opened new positions — a net loss of 7 holders — while 21 trimmed existing stakes and 16 added.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $4.52M. The largest seller was Banc Funds Company, cutting an estimated $3.6M.
- 67 institutional investors held Shore Bancshares (SHBI) as of Q3 2021, down from 74 in Q2 2021.
- Funds reported $154M of Shore Bancshares stock for Q3 2021, up 7.1% quarter-over-quarter.
- 6 funds opened new Shore Bancshares positions in Q3 2021 and 13 closed out, a net change of -7 holders.
- The largest Shore Bancshares buyer in Q3 2021 was Wellington Management Group, an estimated $4.52M added.
- The largest Shore Bancshares seller in Q3 2021 was Banc Funds Company, an estimated $3.6M sold.
Based on aggregated 13F filings for Q3 2021.