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Shore Bancshares
SHBI

96 hedge funds and large institutions have $149M invested in Shore Bancshares in 2023 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 35 increasing their positions, 23 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 23

4.94% more ownership

Funds ownership: 59.8% → 64.74% (+4.9%)

1% more funds holding

Funds holding: 95 → 96 (+1)

6% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 16

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

12% less capital invested

Capital invested by funds: $169M → $149M (-$20.5M)

Holders
96
Holders Change
+1
Holders Change %
+1.05%
% of All Funds
1.51%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
17
Increased
35
Reduced
23
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$6.23M
2
FL
Fourthstone LLC
Missouri
+$5.62M
3
EF
Empowered Funds
Pennsylvania
+$1.23M
4
CRC
Curi RMB Capital
Illinois
+$1.23M
5
FLC
Fifth Lane Capital
Texas
+$946K

Top Sellers

Rank Fund Capital Flow
1
FCM
FJ Capital Management
Virginia
-$5.59M
2
BCM
BHZ Capital Management
California
-$1.4M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$1.02M
4
HAI
Hennessy Advisors Inc
California
-$785K
5
Wellington Management Group
Wellington Management Group
Massachusetts
-$706K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$26M +$6.23M +508,881 +29%
FL
2
Fourthstone LLC
Missouri
$22.9M +$5.62M +458,463 +30%
FCM
3
FJ Capital Management
Virginia
$11.5M -$5.59M -455,970 -31%
Vanguard Group
4
Vanguard Group
Pennsylvania
$10M -$62.3K -5,082 -0.6%
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$8.86M -$1.02M -82,919 -10%
Manulife (Manufacturers Life Insurance)
6
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$6.44M +$65K +5,307 +1%
AllianceBernstein
7
AllianceBernstein
Tennessee
$4.68M +$35.9K +2,930 +0.7%
BFC
8
Banc Funds Company
Illinois
$4.61M – – –
Geode Capital Management
9
Geode Capital Management
Massachusetts
$4.02M +$116K +9,491 +3%
State Street
10
State Street
Massachusetts
$3.66M -$160K -13,089 -4%
Morgan Stanley
11
Morgan Stanley
New York
$2.97M +$548K +44,760 +21%
Renaissance Technologies
12
Renaissance Technologies
New York
$2.8M +$152K +12,400 +5%
BCM
13
Bridgeway Capital Management
Texas
$2.19M +$810K +66,082 +54%
Acadian Asset Management
14
Acadian Asset Management
Massachusetts
$2.04M -$281K -22,920 -11%
CIM
15
Corbyn Investment Management
Maryland
$1.88M -$101K -8,207 -5%
Northern Trust
16
Northern Trust
Illinois
$1.77M +$99.1K +8,088 +6%
Goldman Sachs
17
Goldman Sachs
New York
$1.58M +$248K +20,216 +17%
HAM
18
HoldCo Asset Management
Florida
$1.57M – – –
Wellington Management Group
19
Wellington Management Group
Massachusetts
$1.45M -$706K -57,599 -31%
GJL
20
Gendell Jeffrey L
$1.43M – – –
American Century Companies
21
American Century Companies
Missouri
$1.36M +$176K +14,351 +14%
EST
22
EA Series Trust
Pennsylvania
$1.16M +$1.23M +100,603 New
EF
23
Empowered Funds
Pennsylvania
$1.16M +$1.23M +100,603 New
CRC
24
Curi RMB Capital
Illinois
$1.16M +$1.23M +100,000 New
FLC
25
Fifth Lane Capital
Texas
$1.13M +$946K +77,240 +376%
1
2 3 4 5

SHBI Hedge Fund Activity: Q2 2023 in Review

96 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q2 2023, worth a combined $149M — down 12% from $169M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new SHBI positions and 16 closed out — a net gain of 1 holder — while 35 added to existing stakes and 23 trimmed.

The largest buyer was BlackRock, adding an estimated $6.23M. The largest seller was FJ Capital Management, cutting an estimated $5.59M.

  • 96 institutional investors held Shore Bancshares (SHBI) as of Q2 2023, up from 95 in Q1 2023.
  • Funds reported $149M of Shore Bancshares stock for Q2 2023, down 12% quarter-over-quarter.
  • 17 funds opened new Shore Bancshares positions in Q2 2023 and 16 closed out, a net change of +1 holder.
  • The largest Shore Bancshares buyer in Q2 2023 was BlackRock, an estimated $6.23M added.
  • The largest Shore Bancshares seller in Q2 2023 was FJ Capital Management, an estimated $5.59M sold.

Based on aggregated 13F filings for Q2 2023.