First Bancorp
FBNC
92 hedge funds and large institutions have $179M invested in First Bancorp in 2014 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 31 increasing their positions, 27 reducing their positions, and 4 closing their positions.
300% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 4
15% more funds holding
Funds holding: 80 → 92 (+12)
15% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 27
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $182M → $179M (-$3.41M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$2.04M |
| 2 |
Renaissance Technologies
New York
|
+$839K |
| 3 |
Prudential Financial
Newark,
New Jersey
|
+$830K |
| 4 |
Charles Schwab
San Francisco,
California
|
+$798K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$752K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$3.86M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$1.1M |
| 3 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
-$575K |
| 4 |
MCM
Maltese Capital Management
New York
|
-$574K |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$488K |
FBNC Hedge Fund Activity: Q2 2014 in Review
92 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q2 2014, worth a combined $179M — down 1.9% from $182M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new FBNC positions and 4 closed out — a net gain of 12 holders — while 31 added to existing stakes and 27 trimmed.
The largest buyer was Banc Funds Company, adding an estimated $2.04M. The largest seller was Basswood Capital Management, cutting an estimated $3.86M.
- 92 institutional investors held First Bancorp (FBNC) as of Q2 2014, up from 80 in Q1 2014.
- Funds reported $179M of First Bancorp stock for Q2 2014, down 1.9% quarter-over-quarter.
- 16 funds opened new First Bancorp positions in Q2 2014 and 4 closed out, a net change of +12 holders.
- The largest First Bancorp buyer in Q2 2014 was Banc Funds Company, an estimated $2.04M added.
- The largest First Bancorp seller in Q2 2014 was Basswood Capital Management, an estimated $3.86M sold.
Based on aggregated 13F filings for Q2 2014.