The cluster shows strong accumulation from passive and asset-manager funds, but the 45-day 13F lag means positions may have been adjusted since quarter-end. Monitor next 13F for continuation or reversal.
Executive Summary
Four institutional investors, led by Schwab (mega-passive) and Legal & General (asset manager), significantly increased their BHRB positions in Q3 2024, with aggregate buying of $5.8M versus only $30K in selling from PNC Financial.
Key Financial Metrics
Institutional Positions
Net institutional flow: $5.8M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Schwab | DOUBLED | +190.2% | $6.6M | $4.7M |
| Legal & General Group | DOUBLED | +767.7% | $868.0K | $785.0K |
| First Trust Advisors | ADD | +73.8% | $551.0K | $286.0K |
| Cwm | ADD | +86% | $5.00 | $3.00 |
▼ Sellers (1)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Pnc Financial Services Group | TRIM | -46.6% | $84.0K | -$30.4K |
Key Facts
- 4 buyers accumulated $5.8M in new positions vs 1 seller trimming $30K
- Schwab doubled its stake (+190.2%) to $6.6M, the largest buyer
- Legal & General Group nearly 8x'd its position (+767.7%) to $868K
- PNC Financial Services trimmed 46.6% of its stake, selling $30K
- 80% of analyst consensus is bullish (8 Buy/Strong Buy, 2 Hold)
Financial Impact
Net institutional buying of $5.8M in Q3 2024, with total buyer holdings at $8.0M vs seller reduction of $30K
Risk Factors
- 13F data is 45+ days stale — positions may have been unwound
- Cluster dominated by passive/index funds (Schwab) — weaker signal than active-manager-only clusters
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-BHRB-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K/A | $70.81 | awaiting T+60 | — | — |
Oct 22, 2026 4d ago | 8-K | $70.70 | awaiting T+60 | — | — |
Oct 22, 2026 4d ago | Press Release | $70.70 | awaiting T+60 | — | — |
Sep 30, 2026 27d ago | 424B5 | $68.60 | awaiting T+60 | — | — |
Sep 28, 2026 28d ago | Press Release | $69.06 | awaiting T+60 | — | — |
Sep 28, 2026 29d ago | 8-K | $69.06 | awaiting T+60 | — | — |
Sep 28, 2026 29d ago | 424B5 | $69.06 | awaiting T+60 | — | — |
Sep 18, 2026 5w ago | 8-K | $69.90 | awaiting T+60 | — | — |
Aug 20, 2026 9w ago | Insider Cluster | $71.00 | awaiting T+60 | — | — |
Aug 20, 2026 9w ago | Insider Cluster | $71.00 | awaiting T+60 | — | — |
US Market Status
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