VersaBank
VBNK
24 hedge funds and large institutions have $40.7M invested in VersaBank in 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 2 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
0% more funds holding
Funds holding: 24 → 24 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
2.88% less ownership
Funds ownership: 23.55% → 20.66% (-2.9%)
16% less capital invested
Capital invested by funds: $48.7M → $40.7M (-$7.97M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$2.49M |
| 2 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$1M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$670K |
| 4 |
RHCA
Rosenthal Henry Capital Advisors
Mishawaka,
Indiana
|
+$247K |
| 5 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$201K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFP
Patriot Financial Partners
Radnor,
Pennsylvania
|
-$10.6M |
| 2 |
JAM
Jacobs Asset Management
New York
|
-$1.23M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$144K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$14.9K |
| 5 |
JP Morgan Chase
New York
|
-$14.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
UBS Group
Zurich,
Switzerland
| – | -$14.9K | -1,974 | Closed |
|
VBNK Hedge Fund Activity: Q1 2023 in Review
24 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in VersaBank (VBNK) for Q1 2023, worth a combined $40.7M — down 16% from $48.7M a quarter earlier.
Fund positioning in VBNK was balanced in Q1 2023: 2 funds opened new positions, 2 closed out, 11 added to existing stakes and 7 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $2.49M. The largest seller was Patriot Financial Partners, exiting entirely with an estimated $10.6M sold.
- 24 institutional investors held VersaBank (VBNK) as of Q1 2023, unchanged from Q4 2022.
- Funds reported $40.7M of VersaBank stock for Q1 2023, down 16% quarter-over-quarter.
- 2 funds opened new VersaBank positions in Q1 2023 and 2 closed out, a net change of 0 holders.
- The largest VersaBank buyer in Q1 2023 was AllianceBernstein, an estimated $2.49M added.
- The largest VersaBank seller in Q1 2023 was Patriot Financial Partners, an estimated $10.6M sold.
Based on aggregated 13F filings for Q1 2023.