First Bancorp
FBNC
70 hedge funds and large institutions have $132M invested in First Bancorp in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 31 increasing their positions, 21 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
48% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 21
47% more capital inflows, than outflows
Capital inflows: $6.16M | Capital outflows: $4.19M
1% more funds holding
Funds holding: 69 → 70 (+1)
0.36% more ownership
Funds ownership: 46.15% → 46.51% (+0.36%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$964K |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$908K |
| 3 |
California Public Employees Retirement System
Sacramento,
California
|
+$658K |
| 4 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$383K |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$382K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.54M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$362K |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$256K |
| 4 |
Two Sigma Investments
New York
|
-$229K |
| 5 |
Renaissance Technologies
New York
|
-$153K |
FBNC Hedge Fund Activity: Q3 2013 in Review
70 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q3 2013, worth a combined $132M — up 3.3% from $128M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FBNC positions and 3 closed out — a net gain of 2 holders — while 31 added to existing stakes and 21 trimmed.
The largest buyer was Bridgeway Capital Management, adding an estimated $964K. The largest seller was Wellington Management Group, cutting an estimated $2.54M.
- 70 institutional investors held First Bancorp (FBNC) as of Q3 2013, up from 69 in Q2 2013.
- Funds reported $132M of First Bancorp stock for Q3 2013, up 3.3% quarter-over-quarter.
- 5 funds opened new First Bancorp positions in Q3 2013 and 3 closed out, a net change of +2 holders.
- The largest First Bancorp buyer in Q3 2013 was Bridgeway Capital Management, an estimated $964K added.
- The largest First Bancorp seller in Q3 2013 was Wellington Management Group, an estimated $2.54M sold.
Based on aggregated 13F filings for Q3 2013.