FIRSTBANK CORP (MICH)
FBMI
FBMI was delisted on the 30th of May, 2014.
27 hedge funds and large institutions have $39.2M invested in FIRSTBANK CORP (MICH) in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 3 reducing their positions, and 4 closing their positions.
233% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 3
48% more capital invested
Capital invested by funds: $26.5M → $39.2M (+$12.7M)
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
4% more funds holding
Funds holding: 26 → 27 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$2.84M |
| 2 |
PH
Pinnacle Holdings
Tulsa,
Oklahoma
|
+$667K |
| 3 |
GA
Geneva Advisors
Chicago,
Illinois
|
+$569K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$347K |
| 5 |
Renaissance Technologies
New York
|
+$257K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$2.67M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$316K |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$116K |
| 4 |
FBNAT
FirstMerit Bank N.A. Trustee
Akron,
Ohio
|
-$13.1K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $918 | +$29.1K | +1,724 | +4% |
|
|
BCM
27
Basswood Capital Management
New York
| – | -$2.67M | -199,415 | Closed |
|
|
28
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$116K | -8,657 | Closed |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| – | -$6K | -424 | Closed |
|
|
RIA
30
Regal Investment Advisors
Kentwood,
Michigan
| – | -$5K | -350 | Closed |
|
FBMI Hedge Fund Activity: Q3 2013 in Review
27 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in FIRSTBANK CORP (MICH) (FBMI) for Q3 2013, worth a combined $39.2M — up 48% from $26.5M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FBMI positions and 4 closed out — a net gain of 1 holder — while 10 added to existing stakes and 3 trimmed.
The largest buyer was Banc Funds Company, adding an estimated $2.84M. The largest seller was Basswood Capital Management, exiting entirely with an estimated $2.67M sold.
- 27 institutional investors held FIRSTBANK CORP (MICH) (FBMI) as of Q3 2013, up from 26 in Q2 2013.
- Funds reported $39.2M of FIRSTBANK CORP (MICH) stock for Q3 2013, up 48% quarter-over-quarter.
- 5 funds opened new FIRSTBANK CORP (MICH) positions in Q3 2013 and 4 closed out, a net change of +1 holder.
- The largest FIRSTBANK CORP (MICH) buyer in Q3 2013 was Banc Funds Company, an estimated $2.84M added.
- The largest FIRSTBANK CORP (MICH) seller in Q3 2013 was Basswood Capital Management, an estimated $2.67M sold.
Based on aggregated 13F filings for Q3 2013.