Vault-13

C & F FINL CORP CFFI

COM · Common Stock · CUSIP 12466Q104

76 institutional holders +5 vs Q2 2025
1,314,3731.3m shares reported held*
40.6% of all shares outstanding*
$88.4mreported value*
13 new 21 added 19 reduced 6 sold out net sold ≈ $2.2m (-33.2k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.2m this quarter). Holder counts are more reliable. Shares outstanding: 3.2m as of 2025-11-03, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $67.22.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 39Q4 22: 44Q1 23: 47Q2 23: 58Q3 23: 57Q4 23: 63Q1 24: 57Q2 24: 66Q3 24: 61Q4 24: 68Q1 25: 63Q2 25: 71Q3 25: 7676Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202239
Q4 202244
Q1 202347
Q2 202358
Q3 202357
Q4 202363
Q1 202457
Q2 202466
Q3 202461
Q4 202468
Q1 202563
Q2 202571
Q3 202576

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q4 23: 29 bought or addedQ4 23: 19 cut or sold outQ1 24: 19 bought or addedQ1 24: 29 cut or sold outQ1 24Q2 24: 35 bought or addedQ2 24: 36 cut or sold outQ3 24: 23 bought or addedQ3 24: 32 cut or sold outQ3 24Q4 24: 30 bought or addedQ4 24: 21 cut or sold outQ1 25: 21 bought or addedQ1 25: 35 cut or sold outQ1 25Q2 25: 44 bought or addedQ2 25: 24 cut or sold outQ3 25: 34 bought or addedQ3 25: 25 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20232919
Q1 20241929
Q2 20243536
Q3 20242332
Q4 20243021
Q1 20252135
Q2 20254424
Q3 20253425

Biggest buyers

BlackRock, Inc. Added +14,020+14.0k
SummerHaven Investment Management, LLC New +12,715+12.7k
FIRST TRUST ADVISORS LP New +11,224+11.2k
MARSHALL WACE, LLP New +7,502+7.5k
AMERICAN CENTURY COMPANIES INC Added +5,598+5.6k
CITADEL ADVISORS LLC Added +5,095+5.1k
GOLDMAN SACHS GROUP INC New +4,579+4.6k
Invesco Ltd. New +3,575+3.6k
DEUTSCHE BANK AG\ New +2,957+3.0k
BRIDGEWAY CAPITAL MANAGEMENT, LLC Added +1,834+1.8k

Biggest sellers

Truffle Hound Capital, LLC Sold out -51,107-51.1k
RAYMOND JAMES FINANCIAL INC Reduced -13,967-14.0k
Fourthstone LLC Sold out -9,771-9.8k
ROYAL BANK OF CANADA Reduced -7,801-7.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -5,798-5.8k
MILLENNIUM MANAGEMENT LLC Reduced -4,614-4.6k
Trexquant Investment LP Sold out -3,848-3.8k
PANAGORA ASSET MANAGEMENT INC Sold out -3,498-3.5k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -2,859-2.9k
MORGAN STANLEY Reduced -2,582-2.6k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution new · filed 2025-10-17 5.0% new 162.4k≈ $13.0m 2025-10-17

Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26)

Insider purchases and sales in Q3 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
10010Q4 23: 0 buyingQ4 23: 1 sellingQ1 24: 0 buyingQ1 24: 1 sellingQ1 24Q2 24: 3 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 1 sellingQ3 24Q4 24: 0 buyingQ4 24: 6 sellingQ1 25: 0 buyingQ1 25: 2 sellingQ1 25Q2 25: 0 buyingQ2 25: 1 sellingQ3 25: 0 buyingQ3 25: 1 sellingQ3 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20230—1$31.6k—
Q1 20240—1$23.6k—
Q2 20243$97.8k0——
Q3 20240—1$28.5k—
Q4 20240—6$728.9k—
Q1 20250—2$106.5k—
Q2 20250—1$67.9k—
Q3 20250—1$85.6k—
DateInsiderTradeSharesPrice ValueTheir holding
2025-08-22 CHERRY THOMAS F PRESIDENT & CEO, director Sold 1,205 $71.00 $85.6k1.2k shares -3%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 183,531183.5k $12.3m $12.3m 0.00% Reduced -1.3k -1,281
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 167,734167.7k $11.3m $11.3m 0.00% Added +337 +337
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 165,200165.2k $11.1m $11.1m 0.00% Added +14.0k +14,020
4 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 104,167104.2k $7.0m $7.0m 0.01% Reduced -2.9k -2,859
5 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 87,76087.8k $5.9m $5.9m 0.01% Reduced -21 -21
6 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 72,41372.4k $4.9m $4.9m 0.00% Reduced -198 -198
7 Huber Capital Management LLC 0.64% of their portfolio EL SEGUNDO, CA 60,41560.4k $4.1m $4.1m 0.64% Reduced -154 -154
8 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 42,84542.8k $2.9m $2.9m 0.00% Added +5.6k +5,598
9 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.06% of their portfolio HOUSTON, TX 38,78638.8k $2.6m $2.6m 0.06% Added +1.8k +1,834
10 LSV ASSET MANAGEMENT 0.01% of their portfolio CHICAGO, IL 38,66738.7k $2.6m $2.6m 0.01% Reduced -2.1k -2,100
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 35,53935.5k $2.4m $2.4m 0.00% Added +954 +954
12 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 29,59329.6k $2.0m $2.0m 0.00% Unchanged
13 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 27,04727.0k $1.8m $1.8m 0.00% Added +339 +339
14 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 23,23023.2k $1.6m $1.6m 0.00% Reduced -14.0k -13,967
15 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 19,79119.8k $1.3m $1.3m 0.00% Added +381 +381
16 Empowered Funds, LLC 0.01% of their portfolio NEWTOWN SQUARE, PA 18,39618.4k $1.2m $1.2m 0.01% Added +1.8k +1,834
17 Ategra Capital Management, LLC 0.74% of their portfolio VIENNA, VA 16,47216.5k $1.1m $1.1m 0.74% Unchanged
18 FIRST MANHATTAN CO. LLC. 0.00% of their portfolio NEW YORK, NY 15,93515.9k $1.1m $1.1m 0.00% Unchanged
19 SummerHaven Investment Management, LLC 0.50% of their portfolio STAMFORD, CT 12,71512.7k $854.4k $854.4k 0.50% New
20 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 12,05812.1k $810.3k $810.3k 0.00% Added +1.7k +1,669
21 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 11,22411.2k $754.3k $754.3k 0.00% New
22 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 10,24310.2k $688.3k $688.3k 0.00% Added +5.1k +5,095
23 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 9,5029.5k $638.5k $638.5k 0.00% Unchanged
24 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 8,8168.8k $592.4k $592.4k 0.00% Reduced -18 -18
25 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 7,9968.0k $537.3k $537.3k 0.00% Reduced -140 -140
26 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,7697.8k $522.1k $522.1k 0.00% Reduced -2.6k -2,582
27 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 7,6027.6k $510.9k $510.9k 0.00% Unchanged
28 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 7,5927.6k $510.2k $510.2k 0.00% Added +718 +718
29 TCV Trust & Wealth Management, Inc. 0.04% of their portfolio RICHMOND, VA 7,5157.5k $505.0k $505.0k 0.04% Unchanged
30 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 7,5027.5k $504.1k $504.1k 0.00% New
31 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 5,7005.7k $383.0k $383.0k 0.00% Unchanged
32 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 5,6105.6k $377.0k $377.0k 0.00% Added +6 +6
33 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 5,4915.5k $369.0k $369.0k 0.00% Added +179 +179
34 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 4,5794.6k $307.7k $307.7k 0.00% New
35 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 4,4424.4k $298.5k $298.5k 0.00% Reduced -910 -910
36 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 4,2174.2k $283.0k $283.0k 0.00% Unchanged
37 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 3,9654.0k $266.4k $266.4k 0.00% Unchanged
38 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 3,7003.7k $248.6k $248.6k 0.00% Reduced -4.6k -4,614
39 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 3,5753.6k $240.2k $240.2k 0.00% New
40 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 3,1793.2k $213.8k $213.8k 0.00% Reduced -756 -756
41 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,1753.2k $219.8k $219.8k 0.00% Reduced -40 -40
42 UBS Group AG 0.00% of their portfolio ZURICH, V8 3,1673.2k $212.8k $212.8k 0.00% Added +1.3k +1,338
43 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 3,1083.1k $208.9k $208.9k 0.00% Reduced -69 -69
44 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,9573.0k $198.7k $198.7k 0.00% New
45 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,5802.6k $173.4k $173.4k 0.00% Added +1.1k +1,138
46 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,3792.4k $160.0k $160.0k 0.00% Reduced -7.8k -7,801
47 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 1,8891.9k $126.9k $126.9k 0.00% Unchanged
48 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 1,7001.7k $114.2k $114.2k 0.00% Unchanged
49 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,6211.6k $108.9k $108.9k 0.00% Reduced -368 -368
50 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 1,4351.4k $96.4k $96.4k 0.00% Reduced -234 -234
51 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 1,1071.1k $74.4k $74.4k 0.00% Added +518 +518
52 Towne Trust Company, N.A 0.02% of their portfolio NEWPORT NEWS, VA 700700 $47.0k $47.0k 0.02% Unchanged
53 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 618618 $41.5k $41.5k 0.00% Added +195 +195
54 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 413413 $27.0k $27.0k 0.00% Unchanged
55 FMR LLC 0.00% of their portfolio BOSTON, MA 394394 $26.5k $26.5k 0.00% Added +6 +6
56 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 351351 $23.6k $23.6k 0.00% New
57 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 312312 $21.0k $21.0k 0.00% Unchanged
58 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 300300 $20.2k $20.2k 0.00% New
59 Legal & General Group Plc 0.00% of their portfolio London, X0 276276 $18.5k $18.5k 0.00% Unchanged
60 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 270270 $18.1k $18.1k 0.00% Added +260 +260
61 Anchor Investment Management, LLC 0.00% of their portfolio COLUMBIA, SC 268268 $18.0k $18.0k 0.00% Unchanged
62 Main Street Group, LTD 0.00% of their portfolio GLEN ALLEN, VA 247247 $16.6k $16.6k 0.00% Unchanged
63 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 211211 $14.2k $14.2k 0.00% Added +129 +129
64 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 190190 $12.8k $12.8k 0.00% Unchanged
65 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 167167 $11.2k $11.2k 0.00% Added +162 +162
66 Covestor Ltd 0.01% of their portfolio LONDON, X0 139139 $10.0k $10.0k 0.01% New
67 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 104104 $7.0k $7.0k 0.00% Unchanged
68 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3636 $2.4k $2.4k 0.00% Reduced -989 -989
69 CWM, LLC 0.00% of their portfolio OMAHA, NE 3535 $2.0k $2.0k 0.00% New
70 Glen Eagle Advisors, LLC 0.00% of their portfolio KINGSTON, NJ 3232 $2.1k $2.1k 0.00% Unchanged
71 Essential Partners LLC 0.00% of their portfolio RANCHO SANTA FE, CA 2323 $1.5k $1.5k 0.00% New
72 WealthCollab, LLC 0.00% of their portfolio BELLEVUE, WA 1818 $1.2k $1.2k 0.00% Unchanged
73 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 1010 $672 $672 0.00% Unchanged
74 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 1010 $672 $672 0.00% New
75 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 88 $538 $538 0.00% New
76 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 66 $403 $403 0.00% Unchanged