Burke & Herbert Financial Services Corp.

BHRB • NASDAQ

Burke & Herbert Financial Services Corp. is a banks - regional company in the financial services sector on NASDAQ, led by H. Charles Maddy, III, with a market cap of $1.0B. As of Q3 2025, 38% of shares are held by 147 institutional investors, with BlackRock, Inc. as the largest holder at 6.48%.

President of Burke & Herbert and Burke & Herbert BankH. Charles Maddy, III

Market Cap$1.0B

Banks - Regional

Financial Services

Employees328.0

Websiteburkeandherbertbank.com

Country

United States of America

Overview

Overview of institutional ownership in BHRB as of Q3 2025 with a market cap of $926.7M

All Institutions

Institutions: 147
Value Held: $356.5M
Shares Held: 5.8M
Avg Position: $2.4M
Median Position: $493.7K

Hedge Funds

Hedge Funds: 16
Value Held: $20.2M
Shares Held: 327.7K
Avg Position: $1.3M
Median Position: $556.4K

Ownership Breakdown

Institutional (non-HF)

36.29%

$336.3M

Hedge Funds

2.18%

$20.2M

Retail & Other

61.53%

$570.2M

Based on market cap of $926.7M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in BHRB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$60.0M 0.00% of portfolio	6.48% 973.3K shares	Q2 2023 Held for 2y 5m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$47.2M 0.00% of portfolio	5.10% 765.4K shares	Q2 2023 Held for 2y 5m	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$23.7M 0.00% of portfolio	2.55% 383.5K shares	Q2 2023 Held for 2y 5m	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$23.1M 0.00% of portfolio	2.49% 374.1K shares	Q2 2023 Held for 2y 5m	$1.57T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$17.4M 0.00% of portfolio	1.88% 282.0K shares	Q2 2024 Held for 1y 5m	$466.32B
HUTCHINSON CAPITAL MANAGEMENT/CA RIA/Wealth	Steven Kelley Wilkes CEO	$15.9M 2.76% of portfolio	1.72% 258.1K shares	Q2 2023 Held for 2y 5m	$577.9M
B BURKE & HERBERT BANK & TRUST CO Institution	-	$15.9M 3.43% of portfolio	1.71% 257.2K shares	Q2 2023 Held for 2y 5m	$462.8M
A AMERICAN CENTURY COMPANIES INC Institution	-	$12.4M 0.01% of portfolio	1.34% 201.7K shares	Q2 2024 Held for 1y 5m	$195.93B
Fourthstone LLC Hedge Fund•Long/Short	Amy Morris Stone CEO	$8.5M 1.52% of portfolio	0.92% 137.8K shares	Q2 2024 Held for 1y 5m	$557.6M
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$7.6M 0.00% of portfolio	0.82% 123.2K shares	Q2 2023 Held for 2y 5m	$782.01B

Net Capital Flow

Institutional buying and selling activity for BHRB in Q3 2025

Traded: +$21.4M
Buyers: 87
Sellers: 46
Total Bought: +$39.5M
Total Sold: −$18.1M
Avg Position: $2.2M

Biggest Buyers

Institution	Net Bought	Current Position
A AMERICAN CENTURY COMPANIES INC Institution	+$4.9M +79.1K shares	$12.4M 201.7K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$3.0M +48.8K shares	$4.0M 64.8K shares
GOLDMAN SACHS GROUP INC Institution	+$2.9M +47.0K shares	$6.0M 97.5K shares
ENDEAVOUR CAPITAL ADVISORS INC Private Equity	+$2.5M +40.8K shares	$6.3M 102.7K shares
STATE STREET CORP Institution	+$2.4M +38.7K shares	$23.7M 383.5K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$2.3M +36.7K shares	$23.1M 374.1K shares
L LSV ASSET MANAGEMENT Long Only Manager	+$1.5M +24.7K shares	$2.5M 40.9K shares
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	+$1.5M +24.3K shares	$1.5M 24.3K shares
Fourthstone LLC Hedge Fund•Long/Short	+$1.5M +24.3K shares	$8.5M 137.8K shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	+$1.4M +22.0K shares	$1.4M 22.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
Marshall Wace LLP Institution	−$2.6M −42.2K shares	$3.0M 48.5K shares
AA Financial Advisors, LLC RIA/Wealth	−$1.9M −31.2K shares	Sold Off 0 shares
SEGALL BRYANT & HAMILL Long Only Manager	−$1.6M −27.4K shares	Sold Off 0 shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$1.3M −20.3K shares	$1.0M 16.6K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$1.1M −18.6K shares	Sold Off 0 shares
B BlackRock, Inc. Institution	−$943.0K −15.3K shares	$60.0M 973.3K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$909.4K −15.2K shares	Sold Off 0 shares
EMERALD MUTUAL FUND ADVISERS TRUST Long Only Manager	−$781.3K −13.1K shares	Sold Off 0 shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	−$682.4K −11.1K shares	$823.7K 13.4K shares
C Cubist Systematic Strategies, LLC Institution	−$678.7K −11.0K shares	$191.6K 3.1K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited BHRB in Q3 2025

New Positions: 18
New Value: $7.2M
Exited Positions: 14
Exited Value: $8.0M

New Positions

Institution	Position Value
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	$1.4M 22.0K shares
Empowered Funds, LLC ETF Provider	$1.3M 20.7K shares
Brookstone Capital Management RIA/Wealth	$1.1M 17.9K shares
T TEACHER RETIREMENT SYSTEM OF TEXAS Institution	$835.3K 13.5K shares
A ALPS ADVISORS INC ETF Provider	$457.1K 7.4K shares
IEQ CAPITAL, LLC RIA/Wealth	$423.7K 6.9K shares
Susquehanna Portfolio Strategies, LLC Private Equity	$384.8K 6.2K shares
HENDERSON GROUP PLC Institution	$381.0K 6.2K shares
Beacon Pointe Advisors, LLC RIA/Wealth	$355.4K 5.8K shares
Quantinno Capital Management LP Hedge Fund•Market Neutral	$255.5K 4.1K shares

Exited Positions

Institution	Previous Position
AA Financial Advisors, LLC RIA/Wealth	$1.9M 31.2K shares
SEGALL BRYANT & HAMILL Long Only Manager	$1.6M 27.4K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.1M 18.6K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$909.4K 15.2K shares
EMERALD MUTUAL FUND ADVISERS TRUST Long Only Manager	$781.3K 13.1K shares
H HUSSMAN STRATEGIC ADVISORS, INC. Institution	$627.2K 10.5K shares
DELPHI MANAGEMENT INC /MA/ Long Only Manager	$309.6K 5.2K shares
H HSBC HOLDINGS PLC Institution	$271.4K 4.5K shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	$241.6K 4.0K shares
AVENIR CORP Long Only Manager	$206.1K 3.5K shares

Options Activity

Institutions with the largest Call and Put options positions in BHRB as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with BHRB as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
B BURKE & HERBERT BANK & TRUST CO Institution	-	3.43% $15.9M	1.71% 257.2K shares	Q2 2023 Held for 2y 5m	$462.8M
HUTCHINSON CAPITAL MANAGEMENT/CA RIA/Wealth	Steven Kelley Wilkes CEO	2.76% $15.9M	1.72% 258.1K shares	Q2 2023 Held for 2y 5m	$577.9M
ENDEAVOUR CAPITAL ADVISORS INC Private Equity	Aaron Samuel Richmond Managing Partner	1.91% $6.3M	0.68% 102.7K shares	Q1 2025 Held for 8 months	$331.5M
E EJF Capital LLC Institution	-	1.76% $3.1M	0.33% 49.9K shares	Q2 2024 Held for 1y 5m	$174.8M
Fourthstone LLC Hedge Fund•Long/Short	Amy Morris Stone CEO	1.52% $8.5M	0.92% 137.8K shares	Q2 2024 Held for 1y 5m	$557.6M
Pinnacle Holdings, LLC RIA/Wealth	David Monroe Poarch Managing Partner	1.08% $2.7M	0.29% 43.3K shares	Q2 2024 Held for 1y 5m	$246.2M
Verdence Capital Advisors LLC RIA/Wealth	Leo Joseph Kelly CEO	0.24% $4.2M	0.45% 67.7K shares	Q2 2024 Held for 1y 5m	$1.7B
Passive Capital Management, LLC. RIA/Wealth	Jonathan Ennis Farber Founder	0.18% $537.6K	0.06% 8.7K shares	Q2 2023 Held for 2y 5m	$305.4M
Moors & Cabot, Inc. RIA/Wealth	Michael Christopher Hildreth CEO	0.07% $1.6M	0.17% 26.0K shares	Q2 2023 Held for 2y 5m	$2.3B
HoldCo Asset Management, L.P. Hedge Fund•Multi-Strategy	Vikaran "Nmn" Ghei Managing Partner	0.07% $646.5K	0.07% 10.5K shares	Q2 2025 Held for 5 months	$947.6M

Hedge Fund Spotlight

Discover hedge funds investing in BHRB

Quest Partners LLC

Hedge Fund • Quant Macro

Portfolio ManagerNigol (Nmn) Koulajian

Portfolio Value: $1.5B
Positions: 2,240
Last Reported: Q3 2025

Sector Allocation

Position in Burke & Herbert Financial Services Corp.

Market Value: $222.3K
Shares Held: 3.6K
Portfolio Weight: 0.01%
Owned Since: 2024-Q3

Top Holding	Sector	Market Value	Weight
1 iShares 7-10 Year Treasury Bond IEF	ETF ETF	$39.0M	2.54%
2 SPDR Portfolio Intermediate Term Treasury SPTI	ETF ETF	$6.5M	0.42%
3 SCHR Schwab Intermediately-Term U.S. Treasury SCHR	ETF ETF	$6.5M	0.42%

View full profile

Burke & Herbert Financial Services Corp.

Overview

All Institutions

Hedge Funds

Ownership Breakdown

Biggest Investors

Net Capital Flow

Biggest Buyers

Biggest Sellers

Entry and Exit Activity

New Positions

Exited Positions

Options Activity

Call Positions

Put Positions

Most Committed Institutions

Hedge Fund Spotlight

Position in Burke & Herbert Financial Services Corp.

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