First Bancorp
FBNC
123 hedge funds and large institutions have $368M invested in First Bancorp in 2016 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 46 increasing their positions, 30 reducing their positions, and 7 closing their positions.
200% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 7
68% more capital invested
Capital invested by funds: $219M → $368M (+$149M)
67.58% more ownership
Funds ownership: 0% → 67.58% (+68%)
53% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 30
12% more funds holding
Funds holding: 110 → 123 (+13)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$13.8M |
| 2 |
Renaissance Technologies
New York
|
+$6.48M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$6.39M |
| 4 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$5.42M |
| 5 |
PCM
Peregrine Capital Management
Minneapolis,
Minnesota
|
+$4.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCCPI
Castle Creek Capital Partners IV
Rancho Santa Fe,
California
|
-$5.42M |
| 2 |
EC
EJF Capital
Arlington,
Virginia
|
-$3.3M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.36M |
| 4 |
Millennium Management
New York
|
-$1.22M |
| 5 |
Goldman Sachs
New York
|
-$733K |
FBNC Hedge Fund Activity: Q4 2016 in Review
123 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q4 2016, worth a combined $368M — up 68% from $219M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new FBNC positions and 7 closed out — a net gain of 14 holders — while 46 added to existing stakes and 30 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $13.8M. The largest seller was Castle Creek Capital Partners IV, cutting an estimated $5.42M.
- 123 institutional investors held First Bancorp (FBNC) as of Q4 2016, up from 110 in Q3 2016.
- Funds reported $368M of First Bancorp stock for Q4 2016, up 68% quarter-over-quarter.
- 21 funds opened new First Bancorp positions in Q4 2016 and 7 closed out, a net change of +14 holders.
- The largest First Bancorp buyer in Q4 2016 was Wellington Management Group, an estimated $13.8M added.
- The largest First Bancorp seller in Q4 2016 was Castle Creek Capital Partners IV, an estimated $5.42M sold.
Based on aggregated 13F filings for Q4 2016.