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First Bancorp

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.

New
Increased
Maintained
Reduced
Closed

14% more capital invested

Capital invested by funds: $368M → $418M (+$50.1M)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 11

5% less funds holding

Funds holding: 123117 (-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

Holders
117
Holders Change
-6
Holders Change %
-4.88%
% of All Funds
2.91%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
11
Increased
39
Reduced
47
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Wellington Management Group
1
Wellington Management Group
Massachusetts
$57.9M +$1.52M +51,909 +3%
BlackRock
2
BlackRock
New York
$41M +$40.7M +1,393,521 +28,786%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$34.1M +$2.99M +102,427 +10%
Vanguard Group
4
Vanguard Group
Pennsylvania
$23.5M +$2.76M +94,334 +13%
MCA
5
Mendon Capital Advisors
Florida
$17.7M +$13M +445,765 +280%
SCA
6
Stieven Capital Advisors
Missouri
$15.4M -$126K -4,300 -0.8%
Renaissance Technologies
7
Renaissance Technologies
New York
$15M -$2.25M -77,200 -13%
BFC
8
Banc Funds Company
Illinois
$14.7M
EC
9
EJF Capital
Virginia
$14.6M
Macquarie Group
10
Macquarie Group
Australia
$11.6M +$11.6M +397,106 New
TSW
11
Thompson Siegel & Walmsley
Virginia
$11M +$4.12M +140,894 +60%
State Street
12
State Street
Massachusetts
$10.6M -$119K -4,059 -1%
Fidelity Investments
13
Fidelity Investments
Massachusetts
$8.26M +$149K +5,100 +2%
Northern Trust
14
Northern Trust
Illinois
$7.62M +$490K +16,763 +7%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$6.37M +$550K +18,841 +9%
BCM
16
Bridgeway Capital Management
Texas
$6.37M
CCM
17
Castine Capital Management
Massachusetts
$5.86M +$1.99M +68,144 +52%
HCM
18
Huber Capital Management
California
$5.82M -$881K -30,147 -13%
PCM
19
Peregrine Capital Management
Minnesota
$5.34M -$85.8K -2,936 -2%
Federated Hermes
20
Federated Hermes
Pennsylvania
$4.89M +$981K +33,572 +25%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$4.6M +$491K +16,795 +12%
CRC
22
Curi RMB Capital
Illinois
$4.59M +$4.57M +156,581 New
PI
23
Putnam Investments
Massachusetts
$4.52M +$602K +20,600 +15%
FG
24
FSI Group
Ohio
$4.1M +$4.09M +140,000 New
LSV Asset Management
25
LSV Asset Management
Illinois
$3.98M -$313K -10,723 -7%

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.