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Shore Bancshares
SHBI

70 hedge funds and large institutions have $144M invested in Shore Bancshares in 2017 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 30 increasing their positions, 16 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

600% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 2

88% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 16

18% more capital invested

Capital invested by funds: $122M → $144M (+$22M)

13% more funds holding

Funds holding: 62 → 70 (+8)

4.92% more ownership

Funds ownership: 63.01% → 67.92% (+4.9%)

Holders
70
Holders Change
+8
Holders Change %
+12.9%
% of All Funds
1.74%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
30
Reduced
16
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$12.3M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$5.63M
3
Millennium Management
Millennium Management
New York
+$1M
4
JP Morgan Chase
JP Morgan Chase
New York
+$842K
5
BPM
Bowling Portfolio Management
Ohio
+$804K

Top Sellers

Rank Fund Capital Flow
1
Brown Advisory
Brown Advisory
Maryland
-$1.38M
2
MCM
Maltese Capital Management
New York
-$1.16M
3
BCM
Basswood Capital Management
New York
-$822K
4
Morgan Stanley
Morgan Stanley
New York
-$551K
5
Stifel Financial
Stifel Financial
Missouri
-$488K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wellington Management Group
1
Wellington Management Group
Massachusetts
$20.6M +$5.63M +342,468 +38%
FCM
2
FJ Capital Management
Virginia
$18M +$624K +38,000 +4%
BlackRock
3
BlackRock
New York
$12.5M +$12.3M +748,506 +243,021%
BFC
4
Banc Funds Company
Illinois
$12M +$107K +6,500 +0.9%
Manulife (Manufacturers Life Insurance)
5
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$8.5M +$366K +22,296 +5%
Vanguard Group
6
Vanguard Group
Pennsylvania
$7.66M +$244K +14,853 +3%
BCM
7
Basswood Capital Management
New York
$5.55M -$822K -50,009 -13%
BCM
8
Bridgeway Capital Management
Texas
$4.96M -$97.8K -5,950 -2%
Renaissance Technologies
9
Renaissance Technologies
New York
$4.93M +$434K +26,400 +10%
Dimensional Fund Advisors
10
Dimensional Fund Advisors
Texas
$3.93M +$420K +25,535 +12%
MCA
11
Mendon Capital Advisors
Florida
$3.67M – – –
CIM
12
Corbyn Investment Management
Maryland
$3.54M -$106K -6,476 -3%
State Street
13
State Street
Massachusetts
$2.83M -$7.36K -448 -0.3%
PNC Financial Services Group
14
PNC Financial Services Group
Pennsylvania
$2.33M – – –
Northern Trust
15
Northern Trust
Illinois
$2.31M +$176K +10,734 +8%
BCM
16
BHZ Capital Management
California
$2.2M +$32.4K +1,973 +2%
Morgan Stanley
17
Morgan Stanley
New York
$2.18M -$551K -33,544 -20%
GJL
18
Gendell Jeffrey L
$2.14M – – –
Brown Advisory
19
Brown Advisory
Maryland
$1.78M -$1.38M -84,000 -44%
Millennium Management
20
Millennium Management
New York
$1.39M +$1M +60,976 +279%
JP Morgan Chase
21
JP Morgan Chase
New York
$1.32M +$842K +51,248 +183%
Geode Capital Management
22
Geode Capital Management
Massachusetts
$1.29M +$12.5K +762 +1%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$1.23M +$16K +973 +1%
MAM
24
Martingale Asset Management
Massachusetts
$1.16M +$325K +19,806 +40%
PAM
25
Panagora Asset Management
Massachusetts
$1.11M +$252K +15,323 +30%
1
2 3

SHBI Hedge Fund Activity: Q1 2017 in Review

70 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q1 2017, worth a combined $144M — up 18% from $122M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new SHBI positions and 2 closed out — a net gain of 12 holders — while 30 added to existing stakes and 16 trimmed.

The largest buyer was BlackRock, adding an estimated $12.3M. The largest seller was Brown Advisory, cutting an estimated $1.38M.

  • 70 institutional investors held Shore Bancshares (SHBI) as of Q1 2017, up from 62 in Q4 2016.
  • Funds reported $144M of Shore Bancshares stock for Q1 2017, up 18% quarter-over-quarter.
  • 14 funds opened new Shore Bancshares positions in Q1 2017 and 2 closed out, a net change of +12 holders.
  • The largest Shore Bancshares buyer in Q1 2017 was BlackRock, an estimated $12.3M added.
  • The largest Shore Bancshares seller in Q1 2017 was Brown Advisory, an estimated $1.38M sold.

Based on aggregated 13F filings for Q1 2017.