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Shore Bancshares
SHBI

70 hedge funds and large institutions have $97.4M invested in Shore Bancshares in 2020 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 22 increasing their positions, 30 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.66% more ownership

Funds ownership: 69.81% → 71.47% (+1.7%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8% less funds holding

Funds holding: 76 → 70 (-6)

27% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 30

37% less capital invested

Capital invested by funds: $154M → $97.4M (-$56.4M)

67% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 9

Holders
70
Holders Change
-6
Holders Change %
-7.89%
% of All Funds
1.54%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
3
Increased
22
Reduced
30
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
+$2.44M
2
Franklin Resources
Franklin Resources
California
+$857K
3
Russell Investments Group
Russell Investments Group
United Kingdom
+$715K
4
PCM
Penn Capital Management
Pennsylvania
+$232K
5
EC
EJF Capital
Virginia
+$228K

Top Sellers

Rank Fund Capital Flow
1
BCM
Bridgeway Capital Management
Texas
-$732K
2
Millennium Management
Millennium Management
New York
-$583K
3
AllianceBernstein
AllianceBernstein
Tennessee
-$412K
4
Renaissance Technologies
Renaissance Technologies
New York
-$405K
5
MAM
Martingale Asset Management
Massachusetts
-$238K
Name Holding Trade Value Shares
Change 		Change in
Stake
FL
1
Fourthstone LLC
Missouri
$13.8M +$2.44M +166,944 +16%
BlackRock
2
BlackRock
New York
$8.93M -$116K -7,961 -1%
Vanguard Group
3
Vanguard Group
Pennsylvania
$7.27M -$47.2K -3,233 -0.5%
FCM
4
FJ Capital Management
Virginia
$6.18M +$29.2K +2,000 +0.4%
BFC
5
Banc Funds Company
Illinois
$6.17M -$117K -8,000 -1%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$5.81M +$201K +13,755 +3%
Manulife (Manufacturers Life Insurance)
7
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$5.52M +$57K +3,906 +0.8%
Renaissance Technologies
8
Renaissance Technologies
New York
$4.71M -$405K -27,753 -6%
EC
9
EJF Capital
Virginia
$3.53M +$228K +15,627 +5%
State Street
10
State Street
Massachusetts
$3.17M -$99.5K -6,813 -2%
KCM
11
Kennedy Capital Management
Missouri
$2.91M +$215K +14,723 +6%
PCM
12
Penn Capital Management
Pennsylvania
$2.46M +$232K +15,893 +8%
MCM
13
Maltese Capital Management
New York
$2.06M +$65.5K +4,482 +2%
LSV Asset Management
14
LSV Asset Management
Illinois
$1.77M -$51.1K -3,500 -2%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$1.65M +$105K +7,162 +5%
Northern Trust
16
Northern Trust
Illinois
$1.6M +$53K +3,629 +3%
PNC Financial Services Group
17
PNC Financial Services Group
Pennsylvania
$1.51M – – –
CIM
18
Corbyn Investment Management
Maryland
$1.37M – – –
BCM
19
Bridgeway Capital Management
Texas
$1.36M -$732K -50,100 -29%
BCM
20
BHZ Capital Management
California
$1.09M +$35.2K +2,408 +2%
Morgan Stanley
21
Morgan Stanley
New York
$1.05M +$61.7K +4,225 +5%
Bank of New York Mellon
22
Bank of New York Mellon
New York
$1.02M -$13.3K -911 -1%
JP Morgan Chase
23
JP Morgan Chase
New York
$966K -$175K -11,983 -12%
Brown Advisory
24
Brown Advisory
Maryland
$897K – – –
GJL
25
Gendell Jeffrey L
$869K – – –
1
2 3 4

SHBI Hedge Fund Activity: Q1 2020 in Review

70 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q1 2020, worth a combined $97.4M — down 37% from $154M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of SHBI and 3 opened new positions — a net loss of 6 holders — while 30 trimmed existing stakes and 22 added.

The largest buyer was Fourthstone LLC, adding an estimated $2.44M. The largest seller was Bridgeway Capital Management, cutting an estimated $732K.

  • 70 institutional investors held Shore Bancshares (SHBI) as of Q1 2020, down from 76 in Q4 2019.
  • Funds reported $97.4M of Shore Bancshares stock for Q1 2020, down 37% quarter-over-quarter.
  • 3 funds opened new Shore Bancshares positions in Q1 2020 and 9 closed out, a net change of -6 holders.
  • The largest Shore Bancshares buyer in Q1 2020 was Fourthstone LLC, an estimated $2.44M added.
  • The largest Shore Bancshares seller in Q1 2020 was Bridgeway Capital Management, an estimated $732K sold.

Based on aggregated 13F filings for Q1 2020.