Shore Bancshares
SHBI
112 hedge funds and large institutions have $186M invested in Shore Bancshares in 2023 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 54 increasing their positions, 18 reducing their positions, and 8 closing their positions.
213% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 8
200% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 18
25% more capital invested
Capital invested by funds: $149M → $186M (+$36.9M)
17% more funds holding
Funds holding: 96 → 112 (+16)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
11.48% less ownership
Funds ownership: 64.74% → 53.26% (-11%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$15.1M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.78M |
| 3 |
BlackRock
New York
|
+$7.06M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$6.22M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$3.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$9.57M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$953K |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$870K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$475K |
| 5 |
E
Ergoteles
New York
|
-$436K |
SHBI Hedge Fund Activity: Q3 2023 in Review
112 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Shore Bancshares (SHBI) for Q3 2023, worth a combined $186M — up 25% from $149M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new SHBI positions and 8 closed out — a net gain of 17 holders — while 54 added to existing stakes and 18 trimmed.
The largest buyer was Fourthstone LLC, adding an estimated $15.1M. The largest seller was FJ Capital Management, cutting an estimated $9.57M.
- 112 institutional investors held Shore Bancshares (SHBI) as of Q3 2023, up from 96 in Q2 2023.
- Funds reported $186M of Shore Bancshares stock for Q3 2023, up 25% quarter-over-quarter.
- 25 funds opened new Shore Bancshares positions in Q3 2023 and 8 closed out, a net change of +17 holders.
- The largest Shore Bancshares buyer in Q3 2023 was Fourthstone LLC, an estimated $15.1M added.
- The largest Shore Bancshares seller in Q3 2023 was FJ Capital Management, an estimated $9.57M sold.
Based on aggregated 13F filings for Q3 2023.