Sierra Bancorp: which funds bought and sold

Institutions that bought and sold Sierra Bancorp 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, 50 institutions that filed 13F reports for both quarters added to or opened positions in Sierra Bancorp, and 48 cut or closed them. Together they added a net 108K shares, +1.5% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 52K shares (+3.5%); index fund managers were net buyers of 136K shares (+5.1%). 15 opened a new position and 5 sold out entirely.

Bought, Q2 2026 50 institutions, 15 of them new holders Sold, Q2 2026 48 institutions, 5 of them sold out

Net change, all compared +108K shares (+1.5%)

Net change, active managers +52K shares (+3.5%), 12 bought, 13 sold

Buyers versus sellers

institutions compared, 128

50 bought 30 48 sold

Active managers and hedge funds 12 bought · 13 sold · +52K

Index fund managers 7 bought · 2 sold · +136K

Other institutions 31 bought · 33 sold · −80K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
American Century Companies Inc Active manager	+71K +23.5%	373K	$15.2M
Blackrock, Inc. Index funds	+61K +4.9%	1.3M	$53.2M
Basswood Capital Management, L.L.C.	+44K +31.8%	184K	$7.5M
Vanguard Portfolio Management LLC Index funds	+30K +43.3%	100K	$4.1M
Geode Capital Management, LLC Index funds	+30K +10.5%	315K	$12.9M
Inspire Investing, LLC	+17K New position	17K	$683,667
Northern Trust Corp Index funds	+15K +9.4%	176K	$7.2M
D. E. Shaw & Co., Inc. Hedge fund	+14K +197.9%	22K	$881,027
Marshall Wace, LLP Hedge fund	+14K New position	14K	$571,496
Xtx Topco Ltd	+12K New position	12K	$482,191
State Street Corp Index funds	+9,632 +3.6%	277K	$11.3M
Sequoia Financial Advisors, LLC	+9,445 New position	9,445	$384,979
Engineers Gate Manager LP Hedge fund	+9,204 New position	9,204	$375,155
Wells Fargo & Company	+6,973 +123.0%	13K	$515,217
Bridgeway Capital Management, LLC Active manager	+5,869 +4.5%	135K	$5.5M
Empowered Funds, LLC	+5,869 +7.7%	82K	$3.3M
Citadel Advisors LLC Hedge fund	+5,474 New position	5,474	$223,120
Russell Investments Group, Ltd.	+5,373 +489.8%	6,470	$263,717
Corient Private Wealth LP	+5,361 New position	5,361	$218,516
Western Financial Corp	+5,359 New position	5,359	$218,440

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
American Century Companies Inc Active manager	+71K +23.5%	373K	$15.2M
D. E. Shaw & Co., Inc. Hedge fund	+14K +197.9%	22K	$881,027
Marshall Wace, LLP Hedge fund	+14K New position	14K	$571,496
Engineers Gate Manager LP Hedge fund	+9,204 New position	9,204	$375,155
Bridgeway Capital Management, LLC Active manager	+5,869 +4.5%	135K	$5.5M
Citadel Advisors LLC Hedge fund	+5,474 New position	5,474	$223,120
Renaissance Technologies LLC Hedge fund	+4,965 +2.7%	186K	$7.6M
Federated Hermes, Inc. Active manager	+3,826 +8.9%	47K	$1.9M
Lazard Asset Management LLC Active manager	+3,743 +35.5%	14K	$582,257
Trexquant Investment LP Hedge fund	+3,340 +11.5%	32K	$1.3M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Private Management Group Inc	−90K −17.2%	434K	$17.7M
Goldman Sachs Group Inc	−33K −38.7%	52K	$2.1M
Jane Street Group, LLC	−26K Sold out	0	—
Millennium Management LLC Hedge fund	−24K −67.2%	12K	$471,471
Panagora Asset Management Inc Active manager	−22K −46.0%	26K	$1.1M
Banc Funds Co LLC	−14K −12.4%	99K	$4M
Vanguard Capital Management LLC Index funds	−13K −2.5%	527K	$21.5M
Hotchkis & Wiley Capital Management LLC Active manager	−13K −12.5%	94K	$3.8M
Mariner, LLC	−10K −55.4%	8,275	$337,293
Franklin Resources Inc Active manager	−7,660 −34.6%	14K	$590,450
Dimensional Fund Advisors LP	−7,597 −0.8%	922K	$37.6M
Morgan Stanley	−7,509 −5.7%	123K	$5M
Occudo Quantitative Strategies LP	−5,576 Sold out	0	—
Two Sigma Investments, LP Hedge fund	−5,517 −22.4%	19K	$778,557
Martingale Asset Management L P Active manager	−4,918 −33.1%	9,937	$405,033
FMR LLC Active manager	−3,476 −1.6%	212K	$8.6M
Sei Investments Co	−3,259 −38.9%	5,124	$208,858
Bank Of America Corp	−3,191 −20.3%	13K	$511,661
Strs Ohio	−2,700 −24.8%	8,200	$334,232
Manufacturers Life Insurance Company, The	−2,340 −0.7%	358K	$14.6M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Millennium Management LLC Hedge fund	−24K −67.2%	12K	$471,471
Panagora Asset Management Inc Active manager	−22K −46.0%	26K	$1.1M
Hotchkis & Wiley Capital Management LLC Active manager	−13K −12.5%	94K	$3.8M
Franklin Resources Inc Active manager	−7,660 −34.6%	14K	$590,450
Two Sigma Investments, LP Hedge fund	−5,517 −22.4%	19K	$778,557
Martingale Asset Management L P Active manager	−4,918 −33.1%	9,937	$405,033
FMR LLC Active manager	−3,476 −1.6%	212K	$8.6M
Jacobs Levy Equity Management, Inc Active manager	−2,091 −11.4%	16K	$665,529
Fisher Asset Management, LLC Active manager	−1,760 −3.5%	49K	$2M
Los Angeles Capital Management LLC Active manager	−822 −29.1%	2,006	$81,765

New positions

largest by value

Institution	Shares	Value June 30, 2026
Inspire Investing, LLC	17K	$683,667
Marshall Wace, LLPHedge fund	14K	$571,496
Xtx Topco Ltd	12K	$482,191
Sequoia Financial Advisors, LLC	9,445	$384,979
Engineers Gate Manager LPHedge fund	9,204	$375,155
Citadel Advisors LLCHedge fund	5,474	$223,120
Corient Private Wealth LP	5,361	$218,516
Western Financial Corp	5,359	$218,440
Integrated Wealth Concepts LLC	2,308	$94,045
Ameritas Advisory Services, LLC	2,307	$94,033

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Jane Street Group, LLC	26K	$885,448
Occudo Quantitative Strategies LP	5,576	$201,182
Root Financial Partners, LLC	14	$475
Us Bancorp	8	$271
Mai Capital Management	7	$238

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 124
Ten largest holders: 66.4%
Index fund managers: 36.4%
Active managers and hedge funds: 19.5%

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	12	13	3	0	+52K	+3.5%
Index fund managers	7	2	0	0	+136K	+5.1%
Other institutions	31	33	12	5	−80K	−2.6%

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 Sierra Bancorp.

Only managers that filed a holdings report for both quarters are compared (128 here). 4 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.

← Back to Sierra Bancorp · Insiders · Politicians