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FBMI

FIRSTBANK CORP (MICH)
FBMI

Delisted

FBMI was delisted on the 30th of May, 2014.

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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
27
Holders Change
+1
Holders Change %
+3.85%
% of All Funds
0.88%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
10
Reduced
3
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BFC
Banc Funds Company
Illinois
+$2.84M
2
PH
Pinnacle Holdings
Oklahoma
+$667K
3
GA
Geneva Advisors
Illinois
+$569K
4
Vanguard Group
Vanguard Group
Pennsylvania
+$347K
5
Renaissance Technologies
Renaissance Technologies
New York
+$257K

Top Sellers

Rank Fund Capital Flow
1
BCM
Basswood Capital Management
New York
-$2.67M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$316K
3
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$116K
4
FBNAT
FirstMerit Bank N.A. Trustee
Ohio
-$13.1K
5
TRCT
Tower Research Capital (TRC)
New York
-$6K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wellington Management Group
1
Wellington Management Group
Massachusetts
$12.1M – – –
BFC
2
Banc Funds Company
Illinois
$10.1M +$2.84M +168,401 +48%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$5.16M – – –
Vanguard Group
4
Vanguard Group
Pennsylvania
$3.06M +$347K +20,600 +15%
PH
5
Pinnacle Holdings
Oklahoma
$1.5M +$667K +39,591 +106%
Renaissance Technologies
6
Renaissance Technologies
New York
$1.23M +$257K +15,246 +32%
BIT
7
BlackRock Institutional Trust
California
$996K +$205K +12,132 +31%
FBNAT
8
FirstMerit Bank N.A. Trustee
Ohio
$837K -$13.1K -775 -2%
PNC
9
Park National Corp
Ohio
$702K – – –
GA
10
Geneva Advisors
Illinois
$657K +$569K +33,750 New
BCM
11
Bridgeway Capital Management
Texas
$512K +$11.2K +666 +3%
LSV Asset Management
12
LSV Asset Management
Illinois
$505K +$99.6K +5,911 +30%
California Public Employees Retirement System
13
California Public Employees Retirement System
California
$315K – – –
LCM
14
LVM Capital Management
Michigan
$287K – – –
Susquehanna International Group
15
Susquehanna International Group
Pennsylvania
$282K -$316K -18,746 -56%
BFA
16
BlackRock Fund Advisors
California
$249K +$17K +1,008 +9%
SKK
17
Shepherd Kaplan Krochuk
Massachusetts
$249K +$216K +12,795 New
Geode Capital Management
18
Geode Capital Management
Massachusetts
$225K – – –
Bank of America
19
Bank of America
North Carolina
$121K +$1.43K +85 +1%
PMFA
20
Plante Moran Financial Advisors
Michigan
$89K – – –
Deutsche Bank
21
Deutsche Bank
Germany
$39K +$34.5K +2,047 New
U
22
UBS
Switzerland
$16K -$2.97K -176 -17%
MA
23
MUFG Americas
New York
$10K +$8.87K +526 New
Ameriprise
24
Ameriprise
Minnesota
$6K +$5.06K +300 New
Wells Fargo
25
Wells Fargo
California
$4K – – –
1
2

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.