First Bancorp
FBNC
80 hedge funds and large institutions have $182M invested in First Bancorp in 2014 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 34 increasing their positions, 16 reducing their positions, and 5 closing their positions.
160% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 5
113% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 16
19% more capital invested
Capital invested by funds: $153M → $182M (+$29.4M)
11% more funds holding
Funds holding: 72 → 80 (+8)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
+$3.9M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$2.58M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$576K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$560K |
| 5 |
ProShare Advisors
Bethesda,
Maryland
|
+$355K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$1.63M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$824K |
| 3 |
California Public Employees Retirement System
Sacramento,
California
|
-$652K |
| 4 |
Goldman Sachs
New York
|
-$605K |
| 5 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$362K |
FBNC Hedge Fund Activity: Q1 2014 in Review
80 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q1 2014, worth a combined $182M — up 19% from $153M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FBNC positions and 5 closed out — a net gain of 8 holders — while 34 added to existing stakes and 16 trimmed.
The largest buyer was Bryn Mawr Capital Management Inc, adding an estimated $3.9M. The largest seller was Basswood Capital Management, cutting an estimated $1.63M.
- 80 institutional investors held First Bancorp (FBNC) as of Q1 2014, up from 72 in Q4 2013.
- Funds reported $182M of First Bancorp stock for Q1 2014, up 19% quarter-over-quarter.
- 13 funds opened new First Bancorp positions in Q1 2014 and 5 closed out, a net change of +8 holders.
- The largest First Bancorp buyer in Q1 2014 was Bryn Mawr Capital Management Inc, an estimated $3.9M added.
- The largest First Bancorp seller in Q1 2014 was Basswood Capital Management, an estimated $1.63M sold.
Based on aggregated 13F filings for Q1 2014.