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VBNK

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
24
Holders Change
–
Holders Change %
0%
% of All Funds
0.38%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
2
Increased
11
Reduced
7
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
+$2.49M
2
HIM
Hillsdale Investment Management
Ontario, Canada
+$1M
3
CRC
Curi RMB Capital
Illinois
+$670K
4
RHCA
Rosenthal Henry Capital Advisors
Indiana
+$247K
5
National Bank of Canada
National Bank of Canada
Quebec, Canada
+$201K

Top Sellers

Rank Fund Capital Flow
1
PFP
Patriot Financial Partners
Pennsylvania
-$10.6M
2
JAM
Jacobs Asset Management
New York
-$1.23M
3
KCM
Kennedy Capital Management
Missouri
-$144K
4
UBS Group
UBS Group
Switzerland
-$14.9K
5
JP Morgan Chase
JP Morgan Chase
New York
-$14.3K
Name Holding Trade Value Shares
Change 		Change in
Stake
AllianceBernstein
1
AllianceBernstein
Tennessee
$11.4M +$2.49M +330,363 +27%
CIBC World Market
2
CIBC World Market
Ontario, Canada
$8.89M +$21.5K +2,855 +0.2%
CRC
3
Curi RMB Capital
Illinois
$4.73M +$670K +88,860 +16%
OCM
4
Orchard Capital Management
Illinois
$2.45M – – –
RHCA
5
Rosenthal Henry Capital Advisors
Indiana
$2.13M +$247K +32,812 +13%
KCM
6
Kennedy Capital Management
Missouri
$1.72M -$144K -19,080 -8%
CCM
7
Cox Capital Management
Massachusetts
$1.49M +$12.6K +1,674 +0.8%
PM
8
Pembroke Management
Quebec, Canada
$1.28M – – –
JAM
9
Jacobs Asset Management
New York
$1.19M -$1.23M -163,167 -50%
EM
10
ELCO Management
New York
$1.06M +$42.4K +5,620 +4%
GIM
11
Greenwich Investment Management
Connecticut
$1.05M -$3.39K -450 -0.3%
HIM
12
Hillsdale Investment Management
Ontario, Canada
$982K +$1M +132,791 New
National Bank of Canada
13
National Bank of Canada
Quebec, Canada
$769K +$201K +26,600 +34%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$405K +$7.84K +1,040 +2%
TWC
15
TD Waterhouse Canada
Ontario, Canada
$263K +$6.03K +800 +3%
Acadian Asset Management
16
Acadian Asset Management
Massachusetts
$241K – – –
Millennium Management
17
Millennium Management
New York
$164K +$27K +3,577 +19%
Morgan Stanley
18
Morgan Stanley
New York
$135K -$13.1K -1,739 -9%
Bank of America
19
Bank of America
North Carolina
$118K -$3.02K -400 -2%
JP Morgan Chase
20
JP Morgan Chase
New York
$109K -$14.3K -1,900 -11%
BFEC
21
Benjamin F. Edwards & Company
Missouri
$93K +$95.1K +12,609 New
Toronto Dominion Bank
22
Toronto Dominion Bank
Ontario, Canada
$31K -$822 -109 -3%
TRCT
23
Tower Research Capital (TRC)
New York
$13K +$4.6K +610 +55%
FDCDDQ
24
Federation des caisses Desjardins du Quebec
Quebec, Canada
$5.06K – – –
PFP
25
Patriot Financial Partners
Pennsylvania
– -$10.6M -1,403,945 Closed
1
2

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.