The Bancorp
TBBK
143 hedge funds and large institutions have $278M invested in The Bancorp in 2020 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 54 increasing their positions, 49 reducing their positions, and 28 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 49
0.85% less ownership
Funds ownership: 80.77% → 79.91% (-0.85%)
5% less funds holding
Funds holding: 151 → 143 (-8)
21% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 28
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
53% less capital invested
Capital invested by funds: $596M → $278M (-$318M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$16.8M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$6.36M |
| 3 |
RCM
Rutabaga Capital Management
Boston,
Massachusetts
|
+$4.3M |
| 4 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$3.83M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$3.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCC
Second Curve Capital
Radnor,
Pennsylvania
|
-$14M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$8.09M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$4.19M |
| 4 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$2.8M |
| 5 |
EGI
EAM Global Investors
Solana Beach,
California
|
-$1.91M |
TBBK Hedge Fund Activity: Q1 2020 in Review
143 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in The Bancorp (TBBK) for Q1 2020, worth a combined $278M — down 53% from $596M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of TBBK and 22 opened new positions — a net loss of 6 holders — while 49 trimmed existing stakes and 54 added.
The largest buyer was Lord, Abbett & Co, opening a new position worth an estimated $16.8M. The largest seller was Second Curve Capital, cutting an estimated $14M.
- 143 institutional investors held The Bancorp (TBBK) as of Q1 2020, down from 151 in Q4 2019.
- Funds reported $278M of The Bancorp stock for Q1 2020, down 53% quarter-over-quarter.
- 22 funds opened new The Bancorp positions in Q1 2020 and 28 closed out, a net change of -6 holders.
- The largest The Bancorp buyer in Q1 2020 was Lord, Abbett & Co, an estimated $16.8M added.
- The largest The Bancorp seller in Q1 2020 was Second Curve Capital, an estimated $14M sold.
Based on aggregated 13F filings for Q1 2020.