Texas Capital Bancshares
TCBI
238 hedge funds and large institutions have $2.31B invested in Texas Capital Bancshares in 2023 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 69 increasing their positions, 103 reducing their positions, and 30 closing their positions.
3% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 30
0.53% more ownership
Funds ownership: 97.38% → 97.91% (+0.53%)
0% less funds holding
Funds holding: 239 → 238 (-1)
16% less capital invested
Capital invested by funds: $2.74B → $2.31B (-$425M)
18% less funds holding in top 10
Funds holding in top 10: 11 → 9 (-2)
21% less call options, than puts
Call options by funds: $2.03M | Put options by funds: $2.55M
33% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 103
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$82.3M |
| 2 |
Holocene Advisors
New York
|
+$12.2M |
| 3 |
FCM
FJ Capital Management
Mclean,
Virginia
|
+$12.2M |
| 4 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$11.8M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$9.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NRCM
North Reef Capital Management
Laguna Beach,
California
|
-$54.2M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$31.4M |
| 3 |
GIP
Granite Investment Partners
El Segundo,
California
|
-$19.3M |
| 4 |
PCM
Peregrine Capital Management
Minneapolis,
Minnesota
|
-$11.9M |
| 5 |
GC
Gillson Capital
Chicago,
Illinois
|
-$11.4M |
TCBI Hedge Fund Activity: Q1 2023 in Review
238 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Texas Capital Bancshares (TCBI) for Q1 2023, worth a combined $2.31B — down 16% from $2.74B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new TCBI positions and 30 closed out — a net gain of 1 holder — while 69 added to existing stakes and 103 trimmed.
The largest buyer was Basswood Capital Management, adding an estimated $82.3M. The largest seller was North Reef Capital Management, cutting an estimated $54.2M.
- 238 institutional investors held Texas Capital Bancshares (TCBI) as of Q1 2023, down from 239 in Q4 2022.
- Funds reported $2.31B of Texas Capital Bancshares stock for Q1 2023, down 16% quarter-over-quarter.
- 31 funds opened new Texas Capital Bancshares positions in Q1 2023 and 30 closed out, a net change of +1 holder.
- The largest Texas Capital Bancshares buyer in Q1 2023 was Basswood Capital Management, an estimated $82.3M added.
- The largest Texas Capital Bancshares seller in Q1 2023 was North Reef Capital Management, an estimated $54.2M sold.
Based on aggregated 13F filings for Q1 2023.