First Bancorp
FBNC
117 hedge funds and large institutions have $418M invested in First Bancorp in 2017 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 39 increasing their positions, 47 reducing their positions, and 11 closing their positions.
14% more capital invested
Capital invested by funds: $368M → $418M (+$50.1M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 11
5% less funds holding
Funds holding: 123 → 117 (-6)
9.67% less ownership
Funds ownership: 67.58% → 57.91% (-9.7%)
17% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 47
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$40.7M |
| 2 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
+$13M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$11.6M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$4.57M |
| 5 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$4.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCCPI
Castle Creek Capital Partners IV
Rancho Santa Fe,
California
|
-$19.8M |
| 2 |
Renaissance Technologies
New York
|
-$2.25M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
-$1.46M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.26M |
| 5 |
Two Sigma Investments
New York
|
-$1.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
EARNEST Partners
Atlanta,
Georgia
| – | -$16K | -600 | Closed |
|
|
PIA
127
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$4.26K | -157 | Closed |
|
|
MAM
128
Meeder Asset Management
Dublin,
Ohio
| – | +$351 | +12 | New |
|
FBNC Hedge Fund Activity: Q1 2017 in Review
117 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q1 2017, worth a combined $418M — up 14% from $368M a quarter earlier.
Fund positioning in FBNC was balanced in Q1 2017: 11 funds opened new positions, 11 closed out, 39 added to existing stakes and 47 trimmed.
The largest buyer was BlackRock, adding an estimated $40.7M. The largest seller was Castle Creek Capital Partners IV, exiting entirely with an estimated $19.8M sold.
- 117 institutional investors held First Bancorp (FBNC) as of Q1 2017, down from 123 in Q4 2016.
- Funds reported $418M of First Bancorp stock for Q1 2017, up 14% quarter-over-quarter.
- 11 funds opened new First Bancorp positions in Q1 2017 and 11 closed out, a net change of 0 holders.
- The largest First Bancorp buyer in Q1 2017 was BlackRock, an estimated $40.7M added.
- The largest First Bancorp seller in Q1 2017 was Castle Creek Capital Partners IV, an estimated $19.8M sold.
Based on aggregated 13F filings for Q1 2017.