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Union Bankshares
UNB

28 hedge funds and large institutions have $8.85M invested in Union Bankshares in 2020 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 4 increasing their positions, 15 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

5.86% less ownership

Funds ownership: 16.43% → 10.58% (-5.9%)

20% less funds holding

Funds holding: 35 → 28 (-7)

46% less capital invested

Capital invested by funds: $16.5M → $8.85M (-$7.68M)

58% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 12

73% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 15

Holders
28
Holders Change
-7
Holders Change %
-20%
% of All Funds
0.57%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
4
Reduced
15
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$776K
2
BCM
Bridgeway Capital Management
Texas
+$542K
3
Renaissance Technologies
Renaissance Technologies
New York
+$346K
4
ICM
Invenomic Capital Management
Massachusetts
+$245K
5
Morgan Stanley
Morgan Stanley
New York
+$116K

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$3.71M
2
State Street
State Street
Massachusetts
-$1.42M
3
Geode Capital Management
Geode Capital Management
Massachusetts
-$420K
4
Northern Trust
Northern Trust
Illinois
-$264K
5
Bank of New York Mellon
Bank of New York Mellon
New York
-$253K
Name Holding Trade Value Shares
Change 		Change in
Stake
JP Morgan Chase
26
JP Morgan Chase
New York
$1K -$137K -6,549 -99%
Canada Life
27
Canada Life
Manitoba, Canada
$1K -$84 -4 -6%
ME
28
McIlrath & Eck
Washington
$1K – – –
State Street
29
State Street
Massachusetts
– -$1.42M -63,010 Closed
Mercer Global Advisors
30
Mercer Global Advisors
Colorado
– -$218K -9,700 Closed
Charles Schwab
31
Charles Schwab
California
– -$212K -9,399 Closed
Stifel Financial
32
Stifel Financial
Missouri
– -$204K -9,044 Closed
California State Teachers Retirement System (CalSTRS)
33
California State Teachers Retirement System (CalSTRS)
California
– -$135K -6,014 Closed
New York State Common Retirement Fund
34
New York State Common Retirement Fund
New York
– -$92K -4,100 Closed
AIG
35
American International Group
New York
– -$52K -2,304 Closed
Deutsche Bank
36
Deutsche Bank
Germany
– -$28K -1,263 Closed
Victory Capital Management
37
Victory Capital Management
Texas
– -$28K -1,238 Closed
Citigroup
38
Citigroup
New York
– -$25K -1,094 Closed
Legal & General Group
39
Legal & General Group
United Kingdom
– -$12K -521 Closed
AIP
40
Ameritas Investment Partners
Nebraska
– -$7K -303 Closed
1
2

UNB Hedge Fund Activity: Q2 2020 in Review

28 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Union Bankshares (UNB) for Q2 2020, worth a combined $8.85M — down 46% from $16.5M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of UNB and 5 opened new positions — a net loss of 7 holders — while 15 trimmed existing stakes and 4 added.

The largest buyer was Millennium Management, opening a new position worth an estimated $776K. The largest seller was BlackRock, cutting an estimated $3.71M.

  • 28 institutional investors held Union Bankshares (UNB) as of Q2 2020, down from 35 in Q1 2020.
  • Funds reported $8.85M of Union Bankshares stock for Q2 2020, down 46% quarter-over-quarter.
  • 5 funds opened new Union Bankshares positions in Q2 2020 and 12 closed out, a net change of -7 holders.
  • The largest Union Bankshares buyer in Q2 2020 was Millennium Management, an estimated $776K added.
  • The largest Union Bankshares seller in Q2 2020 was BlackRock, an estimated $3.71M sold.

Based on aggregated 13F filings for Q2 2020.