STERLING BANCORP
STL was delisted on the 31st of October, 2013.
98 hedge funds and large institutions have $292M invested in STERLING BANCORP in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 37 increasing their positions, 42 reducing their positions, and 11 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
5% more capital invested
Capital invested by funds: $278M → $292M (+$14.8M)
4% less funds holding
Funds holding: 102 → 98 (-4)
12% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 42
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$7.56M |
| 2 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$6.29M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$4.66M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$4.05M |
| 5 |
EAM
Edge Asset Management
Seattle,
Washington
|
+$3.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$24.3M |
| 2 |
WIC
Water Island Capital
New York
|
-$13.4M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$6.44M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$5.72M |
| 5 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
-$4.94M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ERSOT
101
Employees Retirement System of Texas
Austin,
Texas
| – | -$1.3M | -112,000 | Closed |
|
102
RhumbLine Advisers
Boston,
Massachusetts
| – | -$706K | -60,795 | Closed |
|
|
FAM
103
Fenimore Asset Management
Cobleskill,
New York
| – | -$491K | -42,225 | Closed |
|
|
SRC
104
Shufro Rose & Co
New York
| – | -$453K | -39,012 | Closed |
|
|
MCM
105
Maltese Capital Management
New York
| – | -$440K | -37,900 | Closed |
|
|
LOAMU
106
Lombard Odier Asset Management (USA)
New York
| – | -$232K | -20,000 | Closed |
|
107
Nomura Holdings
Tokyo,
Japan
| – | -$223K | -19,168 | Closed |
|
108
Schroder Investment Management Group
London,
United Kingdom
| – | -$157K | -13,500 | Closed |
|
|
OA
109
OFI Advisors
Philadelphia,
Pennsylvania
| – | -$39K | -3,377 | Closed |
|
STL Hedge Fund Activity: Q3 2013 in Review
98 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in STERLING BANCORP (STL) for Q3 2013, worth a combined $292M — up 5.3% from $278M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of STL and 8 opened new positions — a net loss of 3 holders — while 42 trimmed existing stakes and 37 added.
The largest buyer was Gardner Lewis Asset Management, opening a new position worth an estimated $7.56M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $24.3M sold.
- 98 institutional investors held STERLING BANCORP (STL) as of Q3 2013, down from 102 in Q2 2013.
- Funds reported $292M of STERLING BANCORP stock for Q3 2013, up 5.3% quarter-over-quarter.
- 8 funds opened new STERLING BANCORP positions in Q3 2013 and 11 closed out, a net change of -3 holders.
- The largest STERLING BANCORP buyer in Q3 2013 was Gardner Lewis Asset Management, an estimated $7.56M added.
- The largest STERLING BANCORP seller in Q3 2013 was DePrince Race & Zollo Inc (DRZ), an estimated $24.3M sold.
Based on aggregated 13F filings for Q3 2013.