The Bancorp

TBBK • NASDAQ

The Bancorp is a banks - regional company in the financial services sector on NASDAQ, led by Damian Kozlowski, with a market cap of $3.0B. As of Q3 2025, 102% of shares are held by 297 institutional investors, with BlackRock, Inc. as the largest holder at 14.19%.

CEODamian Kozlowski

Market Cap$3.0B

Banks - Regional

Financial Services

Employees757.0

Websitethebancorp.com

Country

United States of America

Overview

Overview of institutional ownership in TBBK as of Q3 2025 with a market cap of $3.4B

All Institutions

Institutions: 297
Value Held: $3.5B
Shares Held: 47.0M
Avg Position: $11.9M
Median Position: $744.3K

Hedge Funds

Hedge Funds: 32
Value Held: $261.5M
Shares Held: 3.5M
Avg Position: $8.2M
Median Position: $1.2M

Ownership Breakdown

Institutional (non-HF)

94.52%

$3.3B

Hedge Funds

7.58%

$261.5M

Retail & Other

Based on market cap of $3.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in TBBK as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$489.5M 0.01% of portfolio	14.19% 6.5M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
FMR LLC Institution	-	$311.4M 0.02% of portfolio	9.03% 4.2M shares	Q1 2021 Held for 4y 8m	$1.92T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$237.0M 0.00% of portfolio	6.87% 3.2M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$208.3M 0.03% of portfolio	6.04% 2.8M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B
A AMERICAN CENTURY COMPANIES INC Institution	-	$200.8M 0.10% of portfolio	5.82% 2.7M shares	Q4 2017 Held for 7y 11m	$195.93B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$197.0M 0.01% of portfolio	5.71% 2.6M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$107.3M 0.02% of portfolio	3.11% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$105.4M 0.02% of portfolio	3.05% 1.4M shares	Q1 2023 Held for 2y 8m	$571.21B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$102.7M 0.01% of portfolio	2.98% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
Owls Nest Partners IA, LLC Hedge Fund•Value	David C Ferreira President	$91.4M 25.41% of portfolio	2.65% 1.2M shares	Q2 2024 Held for 1y 5m	$359.8M

Net Capital Flow

Institutional buying and selling activity for TBBK in Q3 2025

Traded: −$214.5M
Buyers: 140
Sellers: 147
Total Bought: +$243.3M
Total Sold: −$457.8M
Avg Position: $10.8M

Biggest Buyers

Institution	Net Bought	Current Position
AMERIPRISE FINANCIAL INC Institution	+$34.1M +455.3K shares	$46.6M 621.9K shares
LOOMIS SAYLES & CO L P Long Only Manager	+$29.2M +389.6K shares	$80.5M 1.1M shares
FMR LLC Institution	+$28.7M +383.8K shares	$311.4M 4.2M shares
PENN CAPITAL MANAGEMENT CO INC Long Only Manager	+$13.4M +179.0K shares	$13.4M 179.0K shares
Epoch Investment Partners, Inc. Long Only Manager	+$11.8M +157.8K shares	$15.7M 209.3K shares
Invesco Ltd. ETF Provider	+$9.5M +126.3K shares	$208.3M 2.8M shares
N NEW YORK STATE COMMON RETIREMENT FUND Institution	+$9.2M +122.8K shares	$10.4M 139.5K shares
HENDERSON GROUP PLC Institution	+$9.1M +121.8K shares	$87.9M 1.2M shares
KENNEDY CAPITAL MANAGEMENT, INC. Long Only Manager	+$7.7M +102.5K shares	$21.1M 281.3K shares
T TD ASSET MANAGEMENT INC Institution	+$7.6M +102.0K shares	$7.6M 102.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$76.9M −1.0M shares	$105.4M 1.4M shares
UBS Group AG Institution	−$58.6M −783.1K shares	$22.8M 304.9K shares
B BROWN ADVISORY INC RIA/Wealth	−$39.1M −521.5K shares	$62.5M 834.6K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$36.5M −487.2K shares	$8.2M 109.9K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	−$26.7M −356.4K shares	$12.1M 162.2K shares
D D. E. Shaw & Co., Inc. Institution	−$23.3M −311.6K shares	$5.9M 79.3K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$19.4M −259.1K shares	$11.1M 147.9K shares
GOLDMAN SACHS GROUP INC Institution	−$16.3M −217.6K shares	$26.4M 353.2K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$12.9M −172.4K shares	$5.5M 73.2K shares
B BlackRock, Inc. Institution	−$11.4M −152.7K shares	$489.5M 6.5M shares

Entry and Exit Activity

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

New Positions: 35
New Value: $29.3M
Exited Positions: 29
Exited Value: $15.7M

New Positions

Institution	Position Value
PENN CAPITAL MANAGEMENT CO INC Long Only Manager	$13.4M 179.0K shares
N NATIXIS Institution	$5.3M 70.3K shares
C CALIFORNIA FIRST LEASING Corp Institution	$1.8M 24.7K shares
Quartz Partners, LLC RIA/Wealth	$1.4M 18.6K shares
Arkadios Wealth Advisors RIA/Wealth	$1.0M 13.5K shares
Lighthouse Investment Partners, LLC Fund of Funds	$792.2K 10.6K shares
F FIRST CITIZENS BANK & TRUST CO Institution	$656.6K 8.8K shares
Intellus Advisors LLC RIA/Wealth	$636.0K 8.5K shares
Envestnet Portfolio Solutions, Inc. Long Only Manager	$633.8K 8.5K shares
P Persistent Asset Partners Ltd Institution	$510.7K 6.8K shares

Exited Positions

Institution	Previous Position
J Jump Financial, LLC Institution	$4.3M 74.9K shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	$1.8M 31.2K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.5M 25.5K shares
Convergence Investment Partners, LLC Long Only Manager	$1.2M 21.4K shares
SummerHaven Investment Management, LLC Long Only Manager	$1.1M 19.6K shares
Aquatic Capital Management LLC Hedge Fund•Quant	$1.0M 17.7K shares
H HRT FINANCIAL LLC Institution	$901.0K 15.8K shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	$498.5K 8.8K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$492.9K 8.7K shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	$430.2K 7.6K shares

Options Activity

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

Call Positions: 7
Call Value: $6.3M
Put Positions: 1
Put Value: $1.4M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.4M 319.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.9M 255.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$748.9K 100.0 contracts
J JANE STREET GROUP, LLC Institution	$666.5K 89.0 contracts
P Palogic Value Management, L.P. RIA/Wealth	$299.6K 40.0 contracts
P PEAK6 LLC Institution	$262.1K 35.0 contracts
W WOLVERINE TRADING, LLC Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.4M 186.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Owls Nest Partners IA, LLC Hedge Fund•Value	David C Ferreira President	25.41% $91.4M	2.65% 1.2M shares	Q2 2024 Held for 1y 5m	$359.8M
John W. Rosenthal Capital Management, Inc. Hedge Fund•Long/Short	John William Rosenthal CEO	12.12% $12.2M	0.35% 163.1K shares	Q3 2022 Held for 3y 2m	$100.8M
Orchard Capital Managment, LLC RIA/Wealth	Blake Elliott Harper Managing Partner	12.03% $9.1M	0.26% 121.7K shares	Q4 2020 Held for 4y 11m	$75.8M
Sippican Capital Adivsors RIA/Wealth	Gordon Chester Barrett Managing Partner	7.80% $11.6M	0.33% 154.3K shares	Q3 2014 Held for 11y 2m	$148.1M
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	Daniel J. Mack Managing Partner	3.95% $63.8M	1.85% 852.3K shares	Q2 2024 Held for 1y 5m	$1.6B
Elgethun Capital Management RIA/Wealth	John A Barker President	3.02% $16.2M	0.48% 219.2K shares	Q1 2020 Held for 5y 8m	$536.7M
PMC FIG Opportunities LLC Real Assets	John Charles Finch CEO	2.54% $1.6M	0.05% 21.2K shares	Q3 2025 Held for 2 months	$62.5M
AH Lisanti Capital Growth, LLC Long Only Manager	Mary Lisanti President	1.79% $7.4M	0.21% 98.2K shares	Q3 2024 Held for 1y 2m	$410.1M
EMERALD ADVISERS INC/PA Long Only Manager	Kenneth George Mertz CEO	1.45% $45.1M	1.31% 602.6K shares	Q1 2024 Held for 1y 8m	$3.1B
EMERALD MUTUAL FUND ADVISERS TRUST Long Only Manager	Stacey Lynn Sears President	1.42% $26.7M	0.78% 357.1K shares	Q2 2017 Held for 8y 5m	$1.9B

Hedge Fund Spotlight

Discover hedge funds investing in TBBK

Nantahala Capital Management, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDaniel J. Mack

Portfolio Value: $1.6B
Positions: 129
Last Reported: Q3 2025

Sector Allocation

Position in The Bancorp

Market Value: $63.8M
Shares Held: 852.3K
Portfolio Weight: 3.95%
Owned Since: 2024-Q2

Top Holding	Sector	Market Value	Weight
1 Establishment Labs ESTA	Medical - Devices Healthcare	$80.9M	5.01%
2 Hilton Grand Vacations HGV	Gambling, Resorts & Casinos Consumer Cyclical	$69.7M	4.32%
3 The Bancorp TBBK	Banks - Regional Financial Services	$63.8M	3.95%