First Bancorp
FBNC
103 hedge funds and large institutions have $188M invested in First Bancorp in 2016 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 36 increasing their positions, 29 reducing their positions, and 6 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
24% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 29
4% more funds holding
Funds holding: 99 → 103 (+4)
8% less capital invested
Capital invested by funds: $205M → $188M (-$17.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
+$7.28M |
| 2 |
Renaissance Technologies
New York
|
+$1.9M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.64M |
| 4 |
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
|
+$1.28M |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$1.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$17.9M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.11M |
| 3 |
RA
Royce & Associates
New York
|
-$1.58M |
| 4 |
IAA
Ironsides Asset Advisors
Rocky Mount,
North Carolina
|
-$1.27M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$1.19M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
US Bancorp
Minneapolis,
Minnesota
| $3K | – | – | – |
|
102
Loomis, Sayles & Company
Boston,
Massachusetts
| $2K | +$1.88K | +97 | +808% |
|
|
FHA
103
First Horizon Advisors
Memphis,
Tennessee
| $2K | +$1.94K | +100 | New |
|
|
IAA
104
Ironsides Asset Advisors
Rocky Mount,
North Carolina
| – | -$1.27M | -67,025 | Closed |
|
|
WCM
105
Wedge Capital Management
Charlotte,
North Carolina
| – | -$558K | -29,600 | Closed |
|
|
MCM
106
Maltese Capital Management
New York
| – | -$377K | -20,000 | Closed |
|
107
LPL Financial
San Diego,
California
| – | -$278K | -14,926 | Closed |
|
|
GT
108
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$5K | -276 | Closed |
|
109
Barclays
London,
United Kingdom
| – | -$1K | -31 | Closed |
|
FBNC Hedge Fund Activity: Q2 2016 in Review
103 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q2 2016, worth a combined $188M — down 8.5% from $205M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FBNC positions and 6 closed out — a net gain of 5 holders — while 36 added to existing stakes and 29 trimmed.
The largest buyer was Stieven Capital Advisors, adding an estimated $7.28M. The largest seller was Basswood Capital Management, cutting an estimated $17.9M.
- 103 institutional investors held First Bancorp (FBNC) as of Q2 2016, up from 99 in Q1 2016.
- Funds reported $188M of First Bancorp stock for Q2 2016, down 8.5% quarter-over-quarter.
- 11 funds opened new First Bancorp positions in Q2 2016 and 6 closed out, a net change of +5 holders.
- The largest First Bancorp buyer in Q2 2016 was Stieven Capital Advisors, an estimated $7.28M added.
- The largest First Bancorp seller in Q2 2016 was Basswood Capital Management, an estimated $17.9M sold.
Based on aggregated 13F filings for Q2 2016.