Shore Bancshares
SHBI
112 hedge funds and large institutions have $220M invested in Shore Bancshares in 2024 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 41 increasing their positions, 32 reducing their positions, and 16 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 32
6% more capital invested
Capital invested by funds: $208M → $220M (+$11.5M)
2.85% more ownership
Funds ownership: 54.38% → 57.23% (+2.8%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less funds holding
Funds holding: 115 → 112 (-3)
19% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SSB
Sandy Spring Bank
Olney,
Maryland
|
+$5.39M |
| 2 |
BlackRock
New York
|
+$1.65M |
| 3 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$1.1M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$848K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$846K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$1.34M |
| 2 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$900K |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$510K |
| 4 |
JP Morgan Chase
New York
|
-$402K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$359K |
SHBI Hedge Fund Activity: Q2 2024 in Review
112 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q2 2024, worth a combined $220M — up 5.5% from $208M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of SHBI and 13 opened new positions — a net loss of 3 holders — while 32 trimmed existing stakes and 41 added.
The largest buyer was Sandy Spring Bank, adding an estimated $5.39M. The largest seller was Mendon Capital Advisors, cutting an estimated $1.34M.
- 112 institutional investors held Shore Bancshares (SHBI) as of Q2 2024, down from 115 in Q1 2024.
- Funds reported $220M of Shore Bancshares stock for Q2 2024, up 5.5% quarter-over-quarter.
- 13 funds opened new Shore Bancshares positions in Q2 2024 and 16 closed out, a net change of -3 holders.
- The largest Shore Bancshares buyer in Q2 2024 was Sandy Spring Bank, an estimated $5.39M added.
- The largest Shore Bancshares seller in Q2 2024 was Mendon Capital Advisors, an estimated $1.34M sold.
Based on aggregated 13F filings for Q2 2024.