First Bancorp
FBNC
164 hedge funds and large institutions have $699M invested in First Bancorp in 2020 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 49 increasing their positions, 45 reducing their positions, and 24 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
79% more capital invested
Capital invested by funds: $390M → $699M (+$309M)
75% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 24
11% more funds holding
Funds holding: 148 → 164 (+16)
7.29% more ownership
Funds ownership: 64.87% → 72.16% (+7.3%)
9% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 45
92% less call options, than puts
Call options by funds: $253K | Put options by funds: $3.21M
Top Buyers
| 1 |
BlackRock
New York
|
+$61M |
| 2 |
State Street
Boston,
Massachusetts
|
+$9.4M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$8.18M |
| 4 |
Bank of New York Mellon
New York
|
+$5.96M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
+$5.71M |
Top Sellers
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$8.42M |
| 2 |
Goldman Sachs
New York
|
-$6.71M |
| 3 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$6.36M |
| 4 |
Renaissance Technologies
New York
|
-$6.05M |
| 5 |
JAM
Jacobs Asset Management
New York
|
-$5.19M |
FBNC Hedge Fund Activity: Q4 2020 in Review
164 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q4 2020, worth a combined $699M — up 79% from $390M a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new FBNC positions and 24 closed out — a net gain of 18 holders — while 49 added to existing stakes and 45 trimmed.
The largest buyer was BlackRock, adding an estimated $61M. The largest seller was T. Rowe Price Associates, cutting an estimated $8.42M.
- 164 institutional investors held First Bancorp (FBNC) as of Q4 2020, up from 148 in Q3 2020.
- Funds reported $699M of First Bancorp stock for Q4 2020, up 79% quarter-over-quarter.
- 42 funds opened new First Bancorp positions in Q4 2020 and 24 closed out, a net change of +18 holders.
- The largest First Bancorp buyer in Q4 2020 was BlackRock, an estimated $61M added.
- The largest First Bancorp seller in Q4 2020 was T. Rowe Price Associates, an estimated $8.42M sold.
Based on aggregated 13F filings for Q4 2020.