The breadth and conviction of institutional buying in ORRF is meaningful: 12 funds added $24.1M while only 2 reduced by $1.0M. Active managers Dimensional, Assenagon, and Connor Clark all doubled or added substantially, suggesting a shared thesis on improving fundamentals or an underappreciated catalyst. Monitor for upcoming earnings or strategic announcements that may validate this accumulation.
Executive Summary
The third quarter saw exceptionally strong institutional accumulation in Orrstown Financial Services (ORRF), with 12 funds adding $24.1 million in new positions while only 2 trimmed by $1.0 million. Active asset managers Dimensional Fund Advisors, Assenagon Asset Management, and Connor, Clark & Lunn were among those doubling or significantly increasing their stakes, signaling conviction in a value or catalyst-driven thesis for this small-cap regional bank.
Key Financial Metrics
Institutional Positions
Net institutional flow: $23.1M
▲ Buyers (12)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Dimensional Fund Advisors | ADD | +66.3% | $29.9M | $16.2M |
| Schwab | DOUBLED | +503.5% | $5.7M | $5.0M |
| Assenagon Asset Management | DOUBLED | +112.3% | $1.5M | $932.0K |
| Connor, Clark & Lunn Investmen | DOUBLED | +110.8% | $1.6M | $1.0M |
| Rhumbline Advisers | ADD | +36.4% | $1.1M | $476.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Invesco | TRIM | -40.9% | $1.8M | -$402.7K |
| Citadel | NEAR_EXIT | -75.2% | $922.0K | -$620.9K |
Key Facts
- 12 institutions increased ORRF positions by net $24.1M vs. 2 sellers reducing by $1.0M
- Dimensional Fund Advisors added $16.2M, bringing its stake to $29.9M
- Schwab doubled holdings (+503.5%) to $5.7M
- Assenagon and Connor Clark & Lunn each more than doubled to $1.5M and $1.6M, respectively
- Citadel nearly exited (-75.2%), selling $620,889 of its $922K prior position
Financial Impact
Net institutional buying of approximately $23.1M (12 buyers added $24.1M while 2 sellers removed $1.0M) concentrated in active asset managers
Risk Factors
- 13F data is 45+ days stale; positions may have been reversed since September
- Small-cap bank liquidity could amplify volatility and execution costs
- Rising interest rates or deterioration in credit quality could pressure regional banks
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-ORRF-2024-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 8-K | $42.89 | awaiting T+60 | — | — |
Oct 20, 2026 6d ago | Press Release | $42.89 | awaiting T+60 | — | — |
Oct 8, 2026 18d ago | SC 13G | $41.38 | awaiting T+60 | — | — |
Jul 22, 2026 13w ago | 8-K | $41.37 $41.49 | ▲ +0.29% | ▼ −2.97% | — |
Jul 21, 2026 13w ago | Press Release | $41.37 $41.49 | ▲ +0.29% | ▼ −2.97% | — |
Jun 12, 2026 19w ago | Institutional Cluster | $39.94 $42.23 | ▲ +5.73% | ▲ +2.47% | — |
May 5, 2026 25w ago | 8-K | $36.90 $42.79 | ▲ +15.96% | ▲ +13.22% | — |
Apr 22, 2026 26w ago | 8-K | $35.58 $41.34 | ▲ +16.20% | ▲ +11.42% | — |
Apr 21, 2026 26w ago | Press Release | $35.58 $41.34 | ▲ +16.20% | ▲ +11.42% | — |
Apr 13, 2026 28w ago | Press Release | $38.13 $39.92 | ▲ +4.68% | ▼ −3.84% | — |
US Market Status
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