Shore Bancshares
SHBI
95 hedge funds and large institutions have $169M invested in Shore Bancshares in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 28 increasing their positions, 30 reducing their positions, and 6 closing their positions.
167% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 6
10% more funds holding
Funds holding: 86 → 95 (+9)
0.1% less ownership
Funds ownership: 59.91% → 59.8% (-0.1%)
7% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 30
12% less capital invested
Capital invested by funds: $193M → $169M (-$23.6M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$9.65M |
| 2 |
Goldman Sachs
New York
|
+$1.55M |
| 3 |
HSBC Holdings
London,
United Kingdom
|
+$864K |
| 4 |
Two Sigma Advisers
New York
|
+$532K |
| 5 |
Barclays
London,
United Kingdom
|
+$526K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$7.17M |
| 2 |
FL
Fourthstone LLC
St Louis,
Missouri
|
-$3.75M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$1.89M |
| 4 |
HAM
HoldCo Asset Management
Fort Lauderdale,
Florida
|
-$1.08M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$739K |
SHBI Hedge Fund Activity: Q1 2023 in Review
95 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q1 2023, worth a combined $169M — down 12% from $193M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new SHBI positions and 6 closed out — a net gain of 10 holders — while 28 added to existing stakes and 30 trimmed.
The largest buyer was BlackRock, adding an estimated $9.65M. The largest seller was FJ Capital Management, cutting an estimated $7.17M.
- 95 institutional investors held Shore Bancshares (SHBI) as of Q1 2023, up from 86 in Q4 2022.
- Funds reported $169M of Shore Bancshares stock for Q1 2023, down 12% quarter-over-quarter.
- 16 funds opened new Shore Bancshares positions in Q1 2023 and 6 closed out, a net change of +10 holders.
- The largest Shore Bancshares buyer in Q1 2023 was BlackRock, an estimated $9.65M added.
- The largest Shore Bancshares seller in Q1 2023 was FJ Capital Management, an estimated $7.17M sold.
Based on aggregated 13F filings for Q1 2023.