First Bancorp
FBNC
134 hedge funds and large institutions have $509M invested in First Bancorp in 2017 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 51 increasing their positions, 38 reducing their positions, and 7 closing their positions.
243% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 7
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
34% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 38
22% more capital invested
Capital invested by funds: $418M → $509M (+$90.5M)
15% more funds holding
Funds holding: 117 → 134 (+17)
8.07% more ownership
Funds ownership: 57.91% → 65.98% (+8.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$13.6M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$8.24M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$6.41M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.88M |
| 5 |
JC
JCSD Capital
Walnut Creek,
California
|
+$5.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
-$14.6M |
| 2 |
Renaissance Technologies
New York
|
-$4.01M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$2.04M |
| 4 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
-$2.02M |
| 5 |
OA
Oak Associates
Akron,
Ohio
|
-$1.21M |
FBNC Hedge Fund Activity: Q2 2017 in Review
134 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q2 2017, worth a combined $509M — up 22% from $418M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new FBNC positions and 7 closed out — a net gain of 17 holders — while 51 added to existing stakes and 38 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $13.6M. The largest seller was EJF Capital, exiting entirely with an estimated $14.6M sold.
- 134 institutional investors held First Bancorp (FBNC) as of Q2 2017, up from 117 in Q1 2017.
- Funds reported $509M of First Bancorp stock for Q2 2017, up 22% quarter-over-quarter.
- 24 funds opened new First Bancorp positions in Q2 2017 and 7 closed out, a net change of +17 holders.
- The largest First Bancorp buyer in Q2 2017 was Wellington Management Group, an estimated $13.6M added.
- The largest First Bancorp seller in Q2 2017 was EJF Capital, an estimated $14.6M sold.
Based on aggregated 13F filings for Q2 2017.