FIRSTBANK CORP (MICH)
FBMI
FBMI was delisted on the 30th of May, 2014.
30 hedge funds and large institutions have $41.2M invested in FIRSTBANK CORP (MICH) in 2013 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 3 reducing their positions, and 4 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 3
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
11% more funds holding
Funds holding: 27 → 30 (+3)
5% more capital invested
Capital invested by funds: $39.2M → $41.2M (+$1.93M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$953K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$745K |
| 3 |
BIG
Blackthorn Investment Group
Overland Park,
Kansas
|
+$369K |
| 4 |
Renaissance Technologies
New York
|
+$275K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$208K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GA
Geneva Advisors
Chicago,
Illinois
|
-$657K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$282K |
| 3 |
PMFA
Plante Moran Financial Advisors
Southfield,
Michigan
|
-$43.3K |
| 4 |
FBNAT
FirstMerit Bank N.A. Trustee
Akron,
Ohio
|
-$20.1K |
| 5 |
MA
MUFG Americas
New York
|
-$10K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
U
26
UBS
Zurich,
Switzerland
| $18K | +$2.07K | +108 | +13% |
|
27
Ameriprise
Minneapolis,
Minnesota
| $16K | +$10.5K | +550 | +183% |
|
28
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $912 | – | – | – |
|
29
BNP Paribas Financial Markets
Paris,
France
| $155 | +$153 | +8 | New |
|
|
GA
30
Geneva Advisors
Chicago,
Illinois
| – | -$657K | -33,750 | Closed |
|
|
31
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$282K | -14,503 | Closed |
|
|
MA
32
MUFG Americas
New York
| – | -$10K | -526 | Closed |
|
33
Wells Fargo
San Francisco,
California
| – | -$3.87K | -202 | -100% |
|
FBMI Hedge Fund Activity: Q4 2013 in Review
30 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in FIRSTBANK CORP (MICH) (FBMI) for Q4 2013, worth a combined $41.2M — up 4.9% from $39.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FBMI positions and 4 closed out — a net gain of 3 holders — while 12 added to existing stakes and 3 trimmed.
The largest buyer was AQR Capital Management, opening a new position worth an estimated $953K. The largest seller was Geneva Advisors, exiting entirely with an estimated $657K sold.
- 30 institutional investors held FIRSTBANK CORP (MICH) (FBMI) as of Q4 2013, up from 27 in Q3 2013.
- Funds reported $41.2M of FIRSTBANK CORP (MICH) stock for Q4 2013, up 4.9% quarter-over-quarter.
- 7 funds opened new FIRSTBANK CORP (MICH) positions in Q4 2013 and 4 closed out, a net change of +3 holders.
- The largest FIRSTBANK CORP (MICH) buyer in Q4 2013 was AQR Capital Management, an estimated $953K added.
- The largest FIRSTBANK CORP (MICH) seller in Q4 2013 was Geneva Advisors, an estimated $657K sold.
Based on aggregated 13F filings for Q4 2013.