The sale of 1.57 million SFBS shares marks a full exit amid broader portfolio reductions by the investment firm.
Champlain Investment Partners sold its entire 1,568,859-share position in ServisFirst Bancshares (NYSE:SFBS), valued at approximately $124.23 million based on quarterly average pricing. The move eliminated a stake that previously represented 1.14% of the firm’s assets under management.
The quarter-end value of the position fell by $112.63 million, reflecting both the sale and share price declines. The trade accounted for 1.58% of Champlain’s reportable AUM during the quarter, with the firm now holding $0 in SFBS shares.
The exit aligns with broader portfolio downsizing, as Champlain’s top holdings post-filing include a $172.90 million position in NASDAQ-listed TW, comprising 2.2% of AUM.