Primis Financial Corp (FRST): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Primis Financial Corp (FRST) following the 2026 Q1 hedge fund 13F filings?

As of today, FRST has moved +10.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of +4.4%. Since the quarter end (March 31, 2026), FRST gained +14.7% vs +9.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Primis Financial Corp (FRST)

131 + Investors. Track Smart Money conviction in FRST. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — FRST

Based on 132 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q

For 3 consecutive quarters, more hedge funds added FRST than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

132 hedge funds hold FRST right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

📶

Steady growth — +9% more funds vs a year ago

fund count last 6Q

+11 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟢

More buyers than sellers — 61% buying

70 buying45 selling

Last quarter: 70 funds were net buyers (23 opened a brand new position + 47 added to an existing one). Only 45 were sellers (35 trimmed + 10 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter

Funds opening a new FRST position: 10 → 15 → 15 → 23. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 25% medium ■ 19% new

74 out of 132 hedge funds have held FRST for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

🚀

Acceleration phase — new buyers rushing in

16 → 10 → 15 → 15 → 23 new funds/Q

New funds entering each quarter: 10 → 15 → 15 → 23. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.

🏛️

Veteran-anchored — 62% veterans vs 23% newcomers

■ 62% veterans ■ 15% 1-2yr ■ 23% new

Entry-cohort mix of 132 holders: 82 (62%) are 2+ year veterans, 20 entered 1–2 years ago, and 30 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 24% AUM from major funds

24% from top-100 AUM funds

35 of 132 holders rank in the top 100 by AUM, accounting for 24% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

3.6

out of 10

Low Exit Risk

Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	131	119	10.08%
13F Shares	20M	20M	1.51%
Total Value	$261M	$275M	-5.13%
New Positions	22	15	+7
Increased Positions	47	45	+2
Closed Positions	10	14	-4
Reduced Positions	35	40	-5
Total Calls	0	1	-100.0%
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

131

119

10.08%

13F Shares

20M

1.51%

Total Value

$261M

$275M

-5.13%

New Positions

Increased Positions

Closed Positions

-4

Reduced Positions

-5

Total Calls

-100.0%

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

131 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FRST. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 FRST holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Mendon Capital Advisors Corp	6.30%	1,224,543	$16.3M
2	Salzhauer Michael	4.32%	689,921	$9.2M
3	Patriot Financial Partners GP II, L.P.	4.16%	1,217,531	$16.2M
4	Maltese Capital Management LLC	2.47%	945,000	$12.5M
5	Semanteon Capital Management, LP	2.30%	12,877	$171K
6	Banc Funds Co LLC	2.16%	872,961	$11.6M
7	Petiole USA ltd	2.14%	230,222	$3.1M
8	EJF Capital LP	1.77%	189,504	$2.5M
9	Fourthstone LLC	1.65%	731,358	$9.7M
10	Corbyn Investment Management Inc/Md	1.20%	270,282	$3.6M
11	PL Capital Advisors, LLC	0.95%	237,241	$3.2M
12	North Reef Capital Management LP	0.52%	1,135,281	$15.1M
13	ELCO Management Co., LLC	0.46%	72,331	$961K
14	Outfitters Financial LLC	0.37%	35,950	$477K
15	Pinnacle Holdings, LLC	0.29%	68,216	$906K
16	Curi Capital, LLC	0.24%	1,004,288	$13.3M
17	Teton Advisors, LLC	0.14%	15,000	$199K
18	Numerai GP LLC	0.05%	39,483	$524K
19	Kennedy Capital Management LLC	0.04%	156,853	$2.1M
20	Bridgeway Capital Management, LLC	0.04%	135,064	$1.8M
21	Occudo Quantitative Strategies LP	0.02%	19,026	$279K
22	Daytona Street Capital LLC	0.01%	1,266	$17K
23	Anchor Investment Management, LLC	0.01%	10,000	$133K
24	Hillsdale Investment Management Inc.	0.01%	25,100	$333K
25	Segall Bryant & Hamill, LLC	0.01%	39,138	$501K

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Primis Financial Corp (FRST)

What does the Smart Money Trend signal show for FRST?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added FRST than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for FRST?

More buyers than sellers — 61% buying: Last quarter: 70 funds were net buyers (23 opened a brand new position + 47 added to an existing one). Only 45 were sellers (35 trimmed + 10 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FRST holders?

Strong quality — 24% AUM from major funds: 35 of 132 holders rank in the top 100 by AUM, accounting for 24% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held FRST?

56% of holders stayed for 2+ years: 74 out of 132 hedge funds have held FRST for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Primis Financial Corp (FRST) following the 2026 Q1 hedge fund 13F filings?

As of today, FRST has moved +10.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of +4.4%. Since the quarter end (March 31, 2026), FRST has gained +14.7% vs +9.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Primis Financial Corp (FRST)

Smart Money Signals — FRST

Buying streak — 3 quarters in a row

At the ownership peak (100% of max)

Steady growth — +9% more funds vs a year ago

More buyers than sellers — 61% buying

More new buyers each quarter (+8 vs last Q)

56% of holders stayed for 2+ years

Acceleration phase — new buyers rushing in

Veteran-anchored — 62% veterans vs 23% newcomers

Strong quality — 24% AUM from major funds

Institutional Sentiment Summary — FRST

Hedge Fund Ownership: FRST

Market Analysis: FRST

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FRST

Is It Too Late to Buy Primis Financial Corp (FRST) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: FRST

Statistics: FRST

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Primis Financial Corp (FRST)

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