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First Bancorp

140 hedge funds and large institutions have $458M invested in First Bancorp in 2020 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 48 increasing their positions, 49 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 24 (+2)

0.91% more ownership

Funds ownership: 67.11%68.02% (+0.91%)

2% less repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 49

13% less funds holding

Funds holding: 161140 (-21)

42% less capital invested

Capital invested by funds: $793M → $458M (-$335M)

61% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 31

Holders
140
Holders Change
-21
Holders Change %
-13.04%
% of All Funds
3.08%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.09%
New
12
Increased
48
Reduced
49
Closed
31
Calls
$270K
Puts
Net Calls
+$270K
Net Calls Change
-$385K
Name Holding Trade Value Shares
Change
Change in
Stake
CCM
26
Castine Capital Management
Massachusetts
$3.76M -$1.1M -33,722 -17%
WC
27
Walthausen & Co
New York
$3.65M -$94.7K -2,900 -2%
Bank of Montreal
28
Bank of Montreal
Ontario, Canada
$3.37M +$574K +17,567 +13%
JC
29
JCSD Capital
California
$3M
BCM
30
Basswood Capital Management
New York
$2.85M
SSWM
31
Smith Salley Wealth Management
North Carolina
$2.63M
Jacobs Levy Equity Management
32
Jacobs Levy Equity Management
New Jersey
$2.56M +$95.5K +2,924 +3%
Citadel Advisors
33
Citadel Advisors
Florida
$2.54M +$1,000K +30,607 +39%
Bank of America
34
Bank of America
North Carolina
$2.48M +$35K +1,072 +1%
DGHMC
35
Dalton, Greiner, Hartman, Maher & Co
New York
$2.43M +$96.1K +2,941 +3%
JP Morgan Chase
36
JP Morgan Chase
New York
$2.37M +$363K +11,123 +12%
RCAMU
37
Rothschild & Co Asset Management US
Connecticut
$2.14M +$273K +8,342 +10%
Acadian Asset Management
38
Acadian Asset Management
Massachusetts
$2.1M +$503K +15,403 +20%
KTA
39
Keeley-Teton Advisors
Illinois
$2.08M +$2.95M +90,204 New
Russell Investments Group
40
Russell Investments Group
United Kingdom
$2.05M +$177K +5,405 +6%
Natixis Advisors
41
Natixis Advisors
Massachusetts
$1.87M -$575K -17,616 -18%
Bessemer Group
42
Bessemer Group
New Jersey
$1.86M +$3.27K +100 +0.1%
Wells Fargo
43
Wells Fargo
California
$1.78M -$128K -3,910 -5%
KCM
44
Kennedy Capital Management
Missouri
$1.7M -$394K -12,049 -14%
Royal Bank of Canada
45
Royal Bank of Canada
Ontario, Canada
$1.65M -$175K -5,353 -7%
Ameriprise
46
Ameriprise
Minnesota
$1.64M +$252K +7,704 +12%
D.E. Shaw & Co
47
D.E. Shaw & Co
New York
$1.56M -$143K -4,387 -6%
California Public Employees Retirement System
48
California Public Employees Retirement System
California
$1.5M -$101K -3,100 -5%
MC
49
Martin & Co
Tennessee
$1.5M +$72.9K +2,231 +4%
DFG
50
DWM Financial Group
Illinois
$1.47M +$1.61M +49,376 +350%

FBNC Hedge Fund Activity: Q1 2020 in Review

140 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q1 2020, worth a combined $458M — down 42% from $793M a quarter earlier.

Sellers outnumbered buyers: 31 funds closed out of FBNC and 12 opened new positions — a net loss of 19 holders — while 49 trimmed existing stakes and 48 added.

The largest buyer was Victory Capital Management, adding an estimated $13.1M. The largest seller was Millennium Management, cutting an estimated $6.46M.

  • 140 institutional investors held First Bancorp (FBNC) as of Q1 2020, down from 161 in Q4 2019.
  • Funds reported $458M of First Bancorp stock for Q1 2020, down 42% quarter-over-quarter.
  • 12 funds opened new First Bancorp positions in Q1 2020 and 31 closed out, a net change of -19 holders.
  • The largest First Bancorp buyer in Q1 2020 was Victory Capital Management, an estimated $13.1M added.
  • The largest First Bancorp seller in Q1 2020 was Millennium Management, an estimated $6.46M sold.

Based on aggregated 13F filings for Q1 2020.