Union Bankshares
UNB
26 hedge funds and large institutions have $10.7M invested in Union Bankshares in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 5 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 3
0.08% more ownership
Funds ownership: 10.68% → 10.75% (+0.08%)
0% less capital invested
Capital invested by funds: $10.7M → $10.7M (-$27.4K)
7% less funds holding
Funds holding: 28 → 26 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$451K |
| 2 |
LPL Financial
San Diego,
California
|
+$92.4K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$60.9K |
| 4 |
LWCFA
Loring Wolcott & Coolidge Fiduciary Advisors
Boston,
Massachusetts
|
+$27.2K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$27.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$222K |
| 2 |
MCC
Money Concepts Capital
Palm Beach Gardens,
Florida
|
-$183K |
| 3 |
Renaissance Technologies
New York
|
-$139K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$24.6K |
| 5 |
Morgan Stanley
New York
|
-$20.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Millennium Management
New York
| – | -$222K | -9,469 | Closed |
|
|
MCC
27
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$183K | -7,612 | Closed |
|
|
BFEC
28
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$20K | -821 | Closed |
|
|
CS
29
Credit Suisse
Zurich,
Switzerland
| – | -$1.8K | -77 | Closed |
|
|
CS
30
Comerica Securities
Detroit,
Michigan
| – | -$48 | -2 | Closed |
|
UNB Hedge Fund Activity: Q1 2023 in Review
26 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Union Bankshares (UNB) for Q1 2023, worth a combined $10.7M — down 0.25% from $10.7M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of UNB and 3 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 8 added.
The largest buyer was Wells Fargo, adding an estimated $451K. The largest seller was Millennium Management, exiting entirely with an estimated $222K sold.
- 26 institutional investors held Union Bankshares (UNB) as of Q1 2023, down from 28 in Q4 2022.
- Funds reported $10.7M of Union Bankshares stock for Q1 2023, down 0.25% quarter-over-quarter.
- 3 funds opened new Union Bankshares positions in Q1 2023 and 5 closed out, a net change of -2 holders.
- The largest Union Bankshares buyer in Q1 2023 was Wells Fargo, an estimated $451K added.
- The largest Union Bankshares seller in Q1 2023 was Millennium Management, an estimated $222K sold.
Based on aggregated 13F filings for Q1 2023.