C & F FINL CORP CFFI
COM · Common Stock · CUSIP 12466Q104
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersToano, VA
- FilingsSEC EDGAR
* 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 39 |
| Q4 2022 | 44 |
| Q1 2023 | 47 |
| Q2 2023 | 58 |
| Q3 2023 | 57 |
| Q4 2023 | 63 |
| Q1 2024 | 57 |
| Q2 2024 | 66 |
| Q3 2024 | 61 |
| Q4 2024 | 68 |
| Q1 2025 | 63 |
| Q2 2025 | 71 |
| Q3 2025 | 76 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 29 | 19 |
| Q1 2024 | 19 | 29 |
| Q2 2024 | 35 | 36 |
| Q3 2024 | 23 | 32 |
| Q4 2024 | 30 | 21 |
| Q1 2025 | 21 | 35 |
| Q2 2025 | 44 | 24 |
| Q3 2025 | 34 | 25 |
Biggest buyers
| BlackRock, Inc. | Added | +14.0k |
| SummerHaven Investment Management, LLC | New | +12.7k |
| FIRST TRUST ADVISORS LP | New | +11.2k |
| MARSHALL WACE, LLP | New | +7.5k |
| AMERICAN CENTURY COMPANIES INC | Added | +5.6k |
| CITADEL ADVISORS LLC | Added | +5.1k |
| GOLDMAN SACHS GROUP INC | New | +4.6k |
| Invesco Ltd. | New | +3.6k |
| DEUTSCHE BANK AG\ | New | +3.0k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Added | +1.8k |
Biggest sellers
| Truffle Hound Capital, LLC | Sold out | -51.1k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -14.0k |
| Fourthstone LLC | Sold out | -9.8k |
| ROYAL BANK OF CANADA | Reduced | -7.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -5.8k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -4.6k |
| Trexquant Investment LP | Sold out | -3.8k |
| PANAGORA ASSET MANAGEMENT INC | Sold out | -3.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -2.9k |
| MORGAN STANLEY | Reduced | -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.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution new · filed 2025-10-17 | 5.0% |
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2023 | 0 | — | 1 | $31.6k | — |
| Q1 2024 | 0 | — | 1 | $23.6k | — |
| Q2 2024 | 3 | $97.8k | 0 | — | — |
| Q3 2024 | 0 | — | 1 | $28.5k | — |
| Q4 2024 | 0 | — | 6 | $728.9k | — |
| Q1 2025 | 0 | — | 2 | $106.5k | — |
| Q2 2025 | 0 | — | 1 | $67.9k | — |
| Q3 2025 | 0 | — | 1 | $85.6k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-08-22 | CHERRY THOMAS F PRESIDENT & CEO, director | Sold | $85.6k1.2k shares |
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
| Manager | Shares | Change |
|---|---|---|
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 183.5k $12.3m | Reduced -1.3k |
| VANGUARD GROUP INC 0.00% of their portfolio | 167.7k $11.3m | Added +337 |
| BlackRock, Inc. 0.00% of their portfolio | 165.2k $11.1m | Added +14.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 104.2k $7.0m | Reduced -2.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 87.8k $5.9m | Reduced -21 |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 72.4k $4.9m | Reduced -198 |
| Huber Capital Management LLC 0.64% of their portfolio | 60.4k $4.1m | Reduced -154 |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 42.8k $2.9m | Added +5.6k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 38.8k $2.6m | Added +1.8k |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 38.7k $2.6m | Reduced -2.1k |
| STATE STREET CORP 0.00% of their portfolio | 35.5k $2.4m | Added +954 |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 29.6k $2.0m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 27.0k $1.8m | Added +339 |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 23.2k $1.6m | Reduced -14.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 19.8k $1.3m | Added +381 |
| Empowered Funds, LLC 0.01% of their portfolio | 18.4k $1.2m | Added +1.8k |
| Ategra Capital Management, LLC 0.74% of their portfolio | 16.5k $1.1m | Unchanged |
| FIRST MANHATTAN CO. LLC. 0.00% of their portfolio | 15.9k $1.1m | Unchanged |
| SummerHaven Investment Management, LLC 0.50% of their portfolio | 12.7k $854.4k | New |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 12.1k $810.3k | Added +1.7k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 11.2k $754.3k | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 10.2k $688.3k | Added +5.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 9.5k $638.5k | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 8.8k $592.4k | Reduced -18 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 8.0k $537.3k | Reduced -140 |
| MORGAN STANLEY 0.00% of their portfolio | 7.8k $522.1k | Reduced -2.6k |
| DAVENPORT & Co LLC 0.00% of their portfolio | 7.6k $510.9k | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 7.6k $510.2k | Added +718 |
| TCV Trust & Wealth Management, Inc. 0.04% of their portfolio | 7.5k $505.0k | Unchanged |
| MARSHALL WACE, LLP 0.00% of their portfolio | 7.5k $504.1k | New |
| STRS OHIO 0.00% of their portfolio | 5.7k $383.0k | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 5.6k $377.0k | Added +6 |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 5.5k $369.0k | Added +179 |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 4.6k $307.7k | New |
| BARCLAYS PLC 0.00% of their portfolio | 4.4k $298.5k | Reduced -910 |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 4.2k $283.0k | Unchanged |
| Nuveen, LLC 0.00% of their portfolio | 4.0k $266.4k | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 3.7k $248.6k | Reduced -4.6k |
| Invesco Ltd. 0.00% of their portfolio | 3.6k $240.2k | New |
| Quadrature Capital Ltd 0.00% of their portfolio | 3.2k $213.8k | Reduced -756 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 3.2k $219.8k | Reduced -40 |
| UBS Group AG 0.00% of their portfolio | 3.2k $212.8k | Added +1.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 3.1k $208.9k | Reduced -69 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 3.0k $198.7k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.6k $173.4k | Added +1.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 2.4k $160.0k | Reduced -7.8k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 1.9k $126.9k | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 1.7k $114.2k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.6k $108.9k | Reduced -368 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 1.4k $96.4k | Reduced -234 |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 1.1k $74.4k | Added +518 |
| Towne Trust Company, N.A 0.02% of their portfolio | 700 $47.0k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 618 $41.5k | Added +195 |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 413 $27.0k | Unchanged |
| FMR LLC 0.00% of their portfolio | 394 $26.5k | Added +6 |
| Advisory Services Network, LLC 0.00% of their portfolio | 351 $23.6k | New |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 312 $21.0k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 300 $20.2k | New |
| Legal & General Group Plc 0.00% of their portfolio | 276 $18.5k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 270 $18.1k | Added +260 |
| Anchor Investment Management, LLC 0.00% of their portfolio | 268 $18.0k | Unchanged |
| Main Street Group, LTD 0.00% of their portfolio | 247 $16.6k | Unchanged |
| Sterling Capital Management LLC 0.00% of their portfolio | 211 $14.2k | Added +129 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 190 $12.8k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 167 $11.2k | Added +162 |
| Covestor Ltd 0.01% of their portfolio | 139 $10.0k | New |
| AMALGAMATED BANK 0.00% of their portfolio | 104 $7.0k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 36 $2.4k | Reduced -989 |
| CWM, LLC 0.00% of their portfolio | 35 $2.0k | New |
| Glen Eagle Advisors, LLC 0.00% of their portfolio | 32 $2.1k | Unchanged |
| Essential Partners LLC 0.00% of their portfolio | 23 $1.5k | New |
| WealthCollab, LLC 0.00% of their portfolio | 18 $1.2k | Unchanged |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 10 $672 | Unchanged |
| GAMMA Investing LLC 0.00% of their portfolio | 10 $672 | New |
| Arax Advisory Partners 0.00% of their portfolio | 8 $538 | New |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 6 $403 | Unchanged |