FIRSTBANK CORP (MICH)
FBMI
FBMI was delisted on the 30th of May, 2014.
29 hedge funds and large institutions have $40.6M invested in FIRSTBANK CORP (MICH) in 2014 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 2 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
1% less capital invested
Capital invested by funds: $41.2M → $40.6M (-$600K)
3% less funds holding
Funds holding: 30 → 29 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.15M |
| 2 |
NJBEST
New Jersey Better Educational Savings Trust
Trenton,
New Jersey
|
+$630K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$148K |
| 4 |
Morgan Stanley
New York
|
+$142K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$80.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$721K |
| 2 |
SKK
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
-$260K |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$233K |
| 4 |
BIG
Blackthorn Investment Group
Overland Park,
Kansas
|
-$111K |
| 5 |
FBNAT
FirstMerit Bank N.A. Trustee
Akron,
Ohio
|
-$80K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $9K | -$37K | -1,996 | -80% |
|
27
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $880 | – | – | – |
|
28
BNP Paribas Financial Markets
Paris,
France
| $141 | – | – | – |
|
|
SKK
29
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$260K | -13,473 | Closed |
|
30
Credit Agricole
Montrouge Cedex,
France
| – | -$27K | -1,426 | Closed |
|
31
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$19 | +1 | New |
|
FBMI Hedge Fund Activity: Q1 2014 in Review
29 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in FIRSTBANK CORP (MICH) (FBMI) for Q1 2014, worth a combined $40.6M — down 1.5% from $41.2M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of FBMI and 1 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 9 added.
The largest buyer was AQR Capital Management, adding an estimated $1.15M. The largest seller was Bank of America, cutting an estimated $721K.
- 29 institutional investors held FIRSTBANK CORP (MICH) (FBMI) as of Q1 2014, down from 30 in Q4 2013.
- Funds reported $40.6M of FIRSTBANK CORP (MICH) stock for Q1 2014, down 1.5% quarter-over-quarter.
- 1 fund opened new FIRSTBANK CORP (MICH) positions in Q1 2014 and 2 closed out, a net change of -1 holder.
- The largest FIRSTBANK CORP (MICH) buyer in Q1 2014 was AQR Capital Management, an estimated $1.15M added.
- The largest FIRSTBANK CORP (MICH) seller in Q1 2014 was Bank of America, an estimated $721K sold.
Based on aggregated 13F filings for Q1 2014.