ChoiceOne Financial

COFS • NASDAQ

ChoiceOne Financial is a banks - regional company in the financial services sector on NASDAQ, led by Kelly J. Potes, with a market cap of $479.3M. As of Q3 2025, 43% of shares are held by 101 institutional investors, with Fourthstone LLC as the largest holder at 7.28%.

Chief Executive OfficerKelly J. Potes

Market Cap$479.3M

Banks - Regional

Financial Services

Employees402.0

Websitechoiceone.com

Country

United States of America

Overview

Overview of institutional ownership in COFS as of Q3 2025 with a market cap of $434.8M

All Institutions

Institutions: 101
Value Held: $188.3M
Shares Held: 6.5M
Avg Position: $1.9M
Median Position: $347.5K

Hedge Funds

Hedge Funds: 11
Value Held: $45.6M
Shares Held: 1.6M
Avg Position: $4.1M
Median Position: $1.3M

Ownership Breakdown

Institutional (non-HF)

32.82%

$142.7M

Hedge Funds

10.49%

$45.6M

Retail & Other

56.69%

$246.5M

Based on market cap of $434.8M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in COFS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Fourthstone LLC Hedge Fund•Long/Short	Amy Morris Stone CEO	$31.7M 5.68% of portfolio	7.28% 1.1M shares	Q3 2024 Held for 1y 2m	$557.6M
B BlackRock, Inc. Institution	-	$26.0M 0.00% of portfolio	5.98% 898.1K shares	Q2 2020 Held for 5y 5m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$23.4M 0.00% of portfolio	5.37% 806.5K shares	Q2 2020 Held for 5y 5m	$6.69T
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$10.1M 0.00% of portfolio	2.33% 349.8K shares	Q3 2024 Held for 1y 2m	$317.45B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$9.6M 0.00% of portfolio	2.20% 330.7K shares	Q2 2020 Held for 5y 5m	$1.57T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$8.1M 0.00% of portfolio	1.87% 280.5K shares	Q2 2020 Held for 5y 5m	$2.88T
M MANUFACTURERES LIFE INSURANCE CO Institution	-	$6.5M 0.01% of portfolio	1.50% 225.7K shares	Q3 2024 Held for 1y 2m	$120.17B
P ProShare Advisors LLC Institution	Michael Lynn Sapir CEO	$5.9M 0.01% of portfolio	1.36% 204.6K shares	Q2 2025 Held for 5 months	$47.8B
JACOBS ASSET MANAGEMENT, LLC Hedge Fund•Long/Short	Seymour Murray Jacobs Managing Partner	$4.3M 2.38% of portfolio	1.00% 149.9K shares	Q3 2024 Held for 1y 2m	$182.7M
G GENDELL JEFFREY L Institution	-	$4.3M 0.08% of portfolio	0.99% 148.5K shares	Q1 2025 Held for 8 months	$5.5B

Net Capital Flow

Institutional buying and selling activity for COFS in Q3 2025

Traded: +$8.0M
Buyers: 49
Sellers: 35
Total Bought: +$14.1M
Total Sold: −$6.1M
Avg Position: $1.7M

Biggest Buyers

Institution	Net Bought	Current Position
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$1.9M +65.8K shares	$2.8M 98.0K shares
STATE STREET CORP Institution	+$1.5M +53.3K shares	$8.1M 280.5K shares
Marshall Wace LLP Institution	+$1.3M +43.4K shares	$1.3M 43.4K shares
FIRST TRUST ADVISORS LP ETF Provider	+$1.2M +41.3K shares	$1.5M 51.0K shares
B BlackRock, Inc. Institution	+$1.2M +40.0K shares	$26.0M 898.1K shares
S Squarepoint Ops LLC Hedge Fund•Quant	+$944.0K +32.6K shares	$1.9M 66.9K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$908.3K +31.4K shares	$3.7M 126.7K shares
GOLDMAN SACHS GROUP INC Institution	+$817.0K +28.2K shares	$1.6M 54.3K shares
J JANE STREET GROUP, LLC Institution	+$647.6K +22.4K shares	$647.6K 22.4K shares
UBS Group AG Institution	+$540.6K +18.7K shares	$1.4M 47.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
Fourthstone LLC Hedge Fund•Long/Short	−$1.4M −49.4K shares	$31.7M 1.1M shares
MORGAN STANLEY RIA/Wealth	−$754.8K −26.1K shares	$1.7M 57.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$636.3K −22.2K shares	Sold Off 0 shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$539.0K −18.8K shares	Sold Off 0 shares
A AMERICAN CENTURY COMPANIES INC Institution	−$404.7K −14.0K shares	$2.5M 85.3K shares
JACOBS ASSET MANAGEMENT, LLC Hedge Fund•Long/Short	−$301.4K −10.4K shares	$4.3M 149.9K shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	−$289.6K −10.0K shares	$10.1M 349.8K shares
SHAKESPEARE WEALTH MANAGEMENT, INC. RIA/Wealth	−$287.8K −9.9K shares	$801.7K 27.7K shares
Acorn Wealth Advisors, LLC RIA/Wealth	−$227.4K −7.9K shares	Sold Off 0 shares
INTECH INVESTMENT MANAGEMENT LLC Long Only Manager	−$208.9K −7.3K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 14
New Value: $825.7K
Exited Positions: 9
Exited Value: $1.8M

New Positions

Institution	Position Value
B Brevan Howard Capital Management LP Institution	$334.4K 11.5K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	$220.0K 7.6K shares
Quest Partners LLC Hedge Fund•Quant Macro	$132.7K 4.6K shares
Aquatic Capital Management LLC Hedge Fund•Quant	$46.5K 1.6K shares
J JONES FINANCIAL COMPANIES LLLP Institution	$31.6K 1.1K shares
S State of Alaska, Department of Revenue Institution	$17.4K 602.0 shares
SRS Capital Advisors, Inc. RIA/Wealth	$12.8K 441.0 shares
C Cranbrook Wealth Management, LLC RIA/Wealth	$12.6K 434.0 shares
Rockefeller Capital Management L.P. Long Only Manager	$6.1K 210.0 shares
Spire Wealth Management RIA/Wealth	$5.9K 205.0 shares

Exited Positions

Institution	Previous Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$636.3K 22.2K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$539.0K 18.8K shares
Acorn Wealth Advisors, LLC RIA/Wealth	$227.4K 7.9K shares
INTECH INVESTMENT MANAGEMENT LLC Long Only Manager	$208.9K 7.3K shares
Quantbot Technologies LLC Hedge Fund•Quant	$191.1K 6.7K shares
M MASSMUTUAL TRUST CO FSB/ADV Institution	$5.4K 188.0 shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$4.6K 160.0 shares
Geneos Wealth Management Inc. RIA/Wealth	$1.3K 44.0 shares
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	$144.0 5.0 shares

Options Activity

Institutions with the largest Call and Put options positions in COFS 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 COFS as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Fourthstone LLC Hedge Fund•Long/Short	Amy Morris Stone CEO	5.68% $31.7M	7.28% 1.1M shares	Q3 2024 Held for 1y 2m	$557.6M
JACOBS ASSET MANAGEMENT, LLC Hedge Fund•Long/Short	Seymour Murray Jacobs Managing Partner	2.38% $4.3M	1.00% 149.9K shares	Q3 2024 Held for 1y 2m	$182.7M
Penn Mutual Asset Management, LLC Insurance Manager	David Michael O'Malley Chairman	0.96% $391.0K	0.09% 13.5K shares	Q1 2025 Held for 8 months	$40.7M
B BANC FUNDS CO LLC Institution	-	0.95% $3.9M	0.90% 135.4K shares	Q1 2025 Held for 8 months	$411.3M
M MENDON CAPITAL ADVISORS CORP Hedge Fund•Sector	Anton Villars Schutz President	0.65% $1.4M	0.33% 50.0K shares	Q3 2024 Held for 1y 2m	$221.8M
SANDLER ONEILL ASSET MANAGEMENT LLC Hedge Fund•Long/Short	Terry Anthony Maltese President	0.20% $1.3M	0.30% 45.4K shares	Q3 2024 Held for 1y 2m	$646.2M
SHAKESPEARE WEALTH MANAGEMENT, INC. RIA/Wealth	Kevin Michael Reardon CEO	0.18% $801.7K	0.18% 27.7K shares	Q2 2020 Held for 5y 5m	$439.2M
HBW Advisory Services LLC RIA/Wealth	Joseph Anthony Bonanno President	0.08% $717.6K	0.17% 24.8K shares	Q3 2021 Held for 4y 2m	$880.5M
G GENDELL JEFFREY L Institution	-	0.08% $4.3M	0.99% 148.5K shares	Q1 2025 Held for 8 months	$5.5B
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	John Noland Ryan Montgomery CEO	0.04% $1.9M	0.44% 66.6K shares	Q4 2022 Held for 2y 11m	$4.7B

Hedge Fund Spotlight

Discover hedge funds investing in COFS

JACOBS ASSET MANAGEMENT, LLC

Hedge Fund • Long/Short

Portfolio ManagerSeymour Murray Jacobs

Portfolio Value: $182.7M
Positions: 31
Last Reported: Q3 2025

Sector Allocation

Position in ChoiceOne Financial

Market Value: $4.3M
Shares Held: 149.9K
Portfolio Weight: 2.38%
Owned Since: 2024-Q3

Top Holding	Sector	Market Value	Weight
1 Sprott SII	Asset Management Financial Services	$16.6M	9.11%
2 Popular BPOP	Banks - Regional Financial Services	$12.1M	6.62%
3 Allstate ALL	Insurance - Property & Casualty Financial Services	$10.4M	5.70%