First Bancorp
FBNC
197 hedge funds and large institutions have $854M invested in First Bancorp in 2022 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 66 increasing their positions, 65 reducing their positions, and 18 closing their positions.
56% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 18
2% more funds holding
Funds holding: 194 → 197 (+3)
2% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 65
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.57% less ownership
Funds ownership: 69.26% → 68.69% (-0.57%)
13% less capital invested
Capital invested by funds: $981M → $854M (-$127M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$4.71M |
| 2 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$4.38M |
| 3 |
Renaissance Technologies
New York
|
+$4M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.59M |
| 5 |
Two Sigma Investments
New York
|
+$3.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$17.5M |
| 2 |
HAM
HoldCo Asset Management
Fort Lauderdale,
Florida
|
-$5.98M |
| 3 |
BlackRock
New York
|
-$4.21M |
| 4 |
State Street
Boston,
Massachusetts
|
-$3.57M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$2.99M |
FBNC Hedge Fund Activity: Q2 2022 in Review
197 of the 5,937 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q2 2022, worth a combined $854M — down 13% from $981M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new FBNC positions and 18 closed out — a net gain of 10 holders — while 66 added to existing stakes and 65 trimmed.
The largest buyer was Millennium Management, adding an estimated $4.71M. The largest seller was Wellington Management Group, cutting an estimated $17.5M.
- 197 institutional investors held First Bancorp (FBNC) as of Q2 2022, up from 194 in Q1 2022.
- Funds reported $854M of First Bancorp stock for Q2 2022, down 13% quarter-over-quarter.
- 28 funds opened new First Bancorp positions in Q2 2022 and 18 closed out, a net change of +10 holders.
- The largest First Bancorp buyer in Q2 2022 was Millennium Management, an estimated $4.71M added.
- The largest First Bancorp seller in Q2 2022 was Wellington Management Group, an estimated $17.5M sold.
Based on aggregated 13F filings for Q2 2022.