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Shore Bancshares
SHBI

72 hedge funds and large institutions have $125M invested in Shore Bancshares in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 24 increasing their positions, 16 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 16

0% more funds holding

Funds holding: 72 → 72 (0)

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

1.61% less ownership

Funds ownership: 65.27% → 63.66% (-1.6%)

8% less capital invested

Capital invested by funds: $136M → $125M (-$10.9M)

Holders
72
Holders Change
–
Holders Change %
0%
% of All Funds
1.58%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
24
Reduced
16
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
+$489K
2
KCM
Kennedy Capital Management
Missouri
+$474K
3
BlackRock
BlackRock
New York
+$381K
4
EC
EJF Capital
Virginia
+$335K
5
Morgan Stanley
Morgan Stanley
New York
+$161K

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$3.15M
2
BCM
Basswood Capital Management
New York
-$1.02M
3
MCM
Maltese Capital Management
New York
-$546K
4
PAM
Panagora Asset Management
Massachusetts
-$522K
5
Deutsche Bank
Deutsche Bank
Germany
-$233K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$12.7M +$381K +24,111 +3%
Wellington Management Group
2
Wellington Management Group
Massachusetts
$10.7M -$3.15M -199,817 -22%
Vanguard Group
3
Vanguard Group
Pennsylvania
$10.4M +$22.7K +1,437 +0.2%
FCM
4
FJ Capital Management
Virginia
$8.74M – – –
BFC
5
Banc Funds Company
Illinois
$8.58M +$78.9K +5,000 +0.9%
Manulife (Manufacturers Life Insurance)
6
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$7.98M -$28.7K -1,816 -0.4%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$7.81M +$38.9K +2,464 +0.5%
Renaissance Technologies
8
Renaissance Technologies
New York
$6.89M +$489K +30,995 +7%
EC
9
EJF Capital
Virginia
$4.73M +$335K +21,223 +7%
State Street
10
State Street
Massachusetts
$4.41M +$96.9K +6,139 +2%
MCM
11
Maltese Capital Management
New York
$2.97M -$546K -34,600 -15%
BCM
12
Bridgeway Capital Management
Texas
$2.71M – – –
LSV Asset Management
13
LSV Asset Management
Illinois
$2.66M -$42.6K -2,700 -2%
PCM
14
Penn Capital Management
Pennsylvania
$2.37M +$11.1K +703 +0.5%
Northern Trust
15
Northern Trust
Illinois
$2.31M +$5.46K +346 +0.2%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$2.16M +$2.45K +155 +0.1%
PNC Financial Services Group
17
PNC Financial Services Group
Pennsylvania
$2.15M – – –
CIM
18
Corbyn Investment Management
Maryland
$1.94M – – –
KCM
19
Kennedy Capital Management
Missouri
$1.71M +$474K +30,000 +37%
BCM
20
BHZ Capital Management
California
$1.64M +$82K +5,193 +5%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$1.53M -$19.1K -1,211 -1%
AllianceBernstein
22
AllianceBernstein
Tennessee
$1.41M +$124K +7,885 +9%
JP Morgan Chase
23
JP Morgan Chase
New York
$1.36M -$18.8K -1,189 -1%
Morgan Stanley
24
Morgan Stanley
New York
$1.32M +$161K +10,215 +14%
Brown Advisory
25
Brown Advisory
Maryland
$1.27M – – –
1
2 3 4

SHBI Hedge Fund Activity: Q3 2019 in Review

72 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q3 2019, worth a combined $125M — down 8% from $136M a quarter earlier.

Fund positioning in SHBI was balanced in Q3 2019: 4 funds opened new positions, 4 closed out, 24 added to existing stakes and 16 trimmed.

The largest buyer was Renaissance Technologies, adding an estimated $489K. The largest seller was Wellington Management Group, cutting an estimated $3.15M.

  • 72 institutional investors held Shore Bancshares (SHBI) as of Q3 2019, unchanged from Q2 2019.
  • Funds reported $125M of Shore Bancshares stock for Q3 2019, down 8% quarter-over-quarter.
  • 4 funds opened new Shore Bancshares positions in Q3 2019 and 4 closed out, a net change of 0 holders.
  • The largest Shore Bancshares buyer in Q3 2019 was Renaissance Technologies, an estimated $489K added.
  • The largest Shore Bancshares seller in Q3 2019 was Wellington Management Group, an estimated $3.15M sold.

Based on aggregated 13F filings for Q3 2019.