Shore Bancshares
SHBI
96 hedge funds and large institutions have $149M invested in Shore Bancshares in 2023 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 35 increasing their positions, 23 reducing their positions, and 16 closing their positions.
52% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 23
4.94% more ownership
Funds ownership: 59.8% → 64.74% (+4.9%)
1% more funds holding
Funds holding: 95 → 96 (+1)
6% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 16
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
12% less capital invested
Capital invested by funds: $169M → $149M (-$20.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$6.23M |
| 2 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$5.62M |
| 3 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$1.23M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.23M |
| 5 |
FLC
Fifth Lane Capital
Austin,
Texas
|
+$946K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$5.59M |
| 2 |
BCM
BHZ Capital Management
San Jose,
California
|
-$1.4M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$1.02M |
| 4 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$785K |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$706K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Millennium Management
New York
| – | -$379K | -26,551 | Closed |
|
102
Point72 Asset Management
Stamford,
Connecticut
| – | -$262K | -18,316 | Closed |
|
|
YIH
103
Y-Intercept (HK)
Hong Kong
| – | -$234K | -16,403 | Closed |
|
104
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$198K | -13,874 | Closed |
|
|
CSS
105
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$167K | -11,694 | Closed |
|
|
KM
106
Kalos Management
Alpharetta,
Georgia
| – | -$33K | -2,313 | Closed |
|
|
CAM
107
Chesapeake Asset Management
New York
| – | -$18.3K | -1,282 | Closed |
|
|
DWA
108
Dorsey Wright & Associates
Pasadena,
California
| – | -$16.4K | -1,145 | Closed |
|
|
PMEF
109
Point72 Middle East FZE
Dubai,
United Arab Emirates
| – | -$5.41K | -379 | Closed |
|
|
PVH
110
Psagot Value Holdings
Tel Aviv,
Israel
| – | -$3K | -211 | Closed |
|
|
TWA
111
TCI Wealth Advisors
Tucson,
Arizona
| – | -$1.73K | -121 | Closed |
|
|
QCG
112
Quadrant Capital Group
Cincinnati,
Ohio
| – | -$215 | -15 | Closed |
|
SHBI Hedge Fund Activity: Q2 2023 in Review
96 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q2 2023, worth a combined $149M — down 12% from $169M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new SHBI positions and 16 closed out — a net gain of 1 holder — while 35 added to existing stakes and 23 trimmed.
The largest buyer was BlackRock, adding an estimated $6.23M. The largest seller was FJ Capital Management, cutting an estimated $5.59M.
- 96 institutional investors held Shore Bancshares (SHBI) as of Q2 2023, up from 95 in Q1 2023.
- Funds reported $149M of Shore Bancshares stock for Q2 2023, down 12% quarter-over-quarter.
- 17 funds opened new Shore Bancshares positions in Q2 2023 and 16 closed out, a net change of +1 holder.
- The largest Shore Bancshares buyer in Q2 2023 was BlackRock, an estimated $6.23M added.
- The largest Shore Bancshares seller in Q2 2023 was FJ Capital Management, an estimated $5.59M sold.
Based on aggregated 13F filings for Q2 2023.