Burke & Herbert Financial Services Corp.: which funds bought and sold

Institutions that bought and sold Burke & Herbert Financial Services shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 156 institutions that filed 13F reports for both quarters added to or opened positions in Burke & Herbert Financial Services, and 43 cut or closed them. Together they added a net 2.3M shares, +33.6% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 878K shares (+94.1%); index fund managers were net buyers of 766K shares (+27.4%). 62 opened a new position and 17 sold out entirely.

Bought, Q2 2026 156 institutions, 62 of them new holders Sold, Q2 2026 43 institutions, 17 of them sold out

Net change, all compared +2.3M shares (+33.6%)

Net change, active managers +878K shares (+94.1%), 29 bought, 6 sold

Buyers versus sellers

institutions compared, 220

156 bought 21 43 sold

Active managers and hedge funds 29 bought · 6 sold · +878K

Index fund managers 10 bought · 0 sold · +766K

Other institutions 117 bought · 37 sold · +613K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Alliancebernstein L.P. Active manager	+280K +616.5%	325K	$20.3M
Blackrock, Inc. Index funds	+236K +24.0%	1.2M	$87.6M
Vanguard Capital Management LLC Index funds	+188K +33.4%	750K	$53.9M
Endeavour Capital Advisors Inc	+154K +50.5%	459K	$33M
State Street Corp Index funds	+154K +38.1%	558K	$40.1M
American Century Companies Inc Active manager	+147K +42.8%	489K	$35.2M
Citadel Advisors LLC Hedge fund	+116K +1274.6%	125K	$9M
Dimensional Fund Advisors LP	+84K +22.9%	452K	$32.5M
Csm Advisors, LLC	+83K New position	83K	$5.9M
Geode Capital Management, LLC Index funds	+82K +21.7%	462K	$33.2M
Banc Funds Co LLC	+82K New position	82K	$5.9M
Jupiter Asset Management Ltd Active manager	+64K New position	64K	$4.6M
Stieven Capital Advisors, L.P.	+64K New position	64K	$4.6M
Numerai Gp LLC	+55K New position	55K	$4M
Two Sigma Investments, LP Hedge fund	+49K +104.4%	97K	$6.9M
Jpmorgan Chase & Co	+46K +119.2%	84K	$6.1M
Segall Bryant & Hamill, LLC Active manager	+42K New position	42K	$3M
HRT Financial LP	+39K New position	39K	$2.8M
Northern Trust Corp Index funds	+32K +27.3%	151K	$10.9M
Kestra Advisory Services, LLC	+32K New position	32K	$2.3M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Alliancebernstein L.P. Active manager	+280K +616.5%	325K	$20.3M
American Century Companies Inc Active manager	+147K +42.8%	489K	$35.2M
Citadel Advisors LLC Hedge fund	+116K +1274.6%	125K	$9M
Jupiter Asset Management Ltd Active manager	+64K New position	64K	$4.6M
Two Sigma Investments, LP Hedge fund	+49K +104.4%	97K	$6.9M
Segall Bryant & Hamill, LLC Active manager	+42K New position	42K	$3M
Voleon Capital Management LP Hedge fund	+26K +236.5%	37K	$2.7M
Qube Research & Technologies Ltd Hedge fund	+26K New position	26K	$1.9M
Renaissance Technologies LLC Hedge fund	+21K New position	21K	$1.5M
Millennium Management LLC Hedge fund	+16K +194.2%	25K	$1.8M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Evermay Wealth Management LLC	−186K Sold out	0	—
Fourthstone LLC	−162K −65.8%	84K	$6.1M
Mercer Global Advisors Inc	−22K −54.7%	18K	$1.3M
Jane Street Group, LLC	−21K Sold out	0	—
LSV Asset Management Active manager	−19K −42.0%	26K	$1.9M
Morgan Stanley	−17K −16.4%	86K	$6.2M
Man Group PLC Hedge fund	−12K Sold out	0	—
Goldman Sachs Group Inc	−10K −5.6%	173K	$12.4M
Empower Advisory Group, LLC	−9,239 Sold out	0	—
Susquehanna International Group, LLP	−8,490 Sold out	0	—
HSBC Holdings PLC	−6,802 Sold out	0	—
Mirabella Financial Services LLP	−6,109 Sold out	0	—
Y-Intercept (Hong Kong) Ltd	−6,013 Sold out	0	—
Susquehanna Portfolio Strategies, LLC	−4,680 Sold out	0	—
Ntv Asset Management LLC	−4,496 Sold out	0	—
Royce & Associates LP Active manager	−4,129 −7.0%	55K	$4M
Avenir Corp	−4,000 Sold out	0	—
Burke & Herbert Bank & Trust Co	−3,929 −1.8%	218K	$15.6M
Quantbot Technologies LP Hedge fund	−3,322 −95.0%	175	$12,576
Sei Investments Co	−1,938 −23.2%	6,428	$461,916

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
LSV Asset Management Active manager	−19K −42.0%	26K	$1.9M
Man Group PLC Hedge fund	−12K Sold out	0	—
Royce & Associates LP Active manager	−4,129 −7.0%	55K	$4M
Quantbot Technologies LP Hedge fund	−3,322 −95.0%	175	$12,576
Los Angeles Capital Management LLC Active manager	−447 −75.6%	144	$10,348
Intech Investment Management LLC Active manager	−404 −12.1%	2,935	$210,909

New positions

largest by value

Institution	Shares	Value June 30, 2026
Csm Advisors, LLC	83K	$5.9M
Banc Funds Co LLC	82K	$5.9M
Jupiter Asset Management LtdActive manager	64K	$4.6M
Stieven Capital Advisors, L.P.	64K	$4.6M
Numerai Gp LLC	55K	$4M
Segall Bryant & Hamill, LLCActive manager	42K	$3M
HRT Financial LP	39K	$2.8M
Kestra Advisory Services, LLC	32K	$2.3M
Qube Research & Technologies LtdHedge fund	26K	$1.9M
Renaissance Technologies LLCHedge fund	21K	$1.5M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Evermay Wealth Management LLC	186K	$11.6M
Jane Street Group, LLC	21K	$1.3M
Man Group PLCHedge fund	12K	$724,806
Empower Advisory Group, LLC	9,239	$575,497
Susquehanna International Group, LLP	8,490	$528,842
HSBC Holdings PLC	6,802	$423,016
Mirabella Financial Services LLP	6,109	$380,530
Y-Intercept (Hong Kong) Ltd	6,013	$374,550
Susquehanna Portfolio Strategies, LLC	4,680	$291,517
Ntv Asset Management LLC	4,496	$280,056

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 206
Ten largest holders: 57.8%
Index fund managers: 39.7%
Active managers and hedge funds: 20.2%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	29	6	14	1	+878K	+94.1%
Index fund managers	10	0	0	0	+766K	+27.4%
Other institutions	117	37	48	16	+613K	+20.5%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Burke & Herbert Financial Services.

Only managers that filed a holdings report for both quarters are compared (220 here). 7 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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