First Bancorp
FBNC
131 hedge funds and large institutions have $576M invested in First Bancorp in 2017 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 44 increasing their positions, 44 reducing their positions, and 13 closing their positions.
13% more capital invested
Capital invested by funds: $509M → $576M (+$67.8M)
1.89% more ownership
Funds ownership: 65.98% → 67.87% (+1.9%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 44
2% less funds holding
Funds holding: 134 → 131 (-3)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$8.78M |
| 2 |
FHC
Forest Hill Capital
Little Rock,
Arkansas
|
+$6.14M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$4.52M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.02M |
| 5 |
Jennison Associates
New York
|
+$2.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$9.68M |
| 2 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$2.54M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$2.02M |
| 4 |
CA
Continental Advisors
Park City,
Utah
|
-$1.66M |
| 5 |
MC
Menta Capital
San Francisco,
California
|
-$1.14M |
FBNC Hedge Fund Activity: Q3 2017 in Review
131 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q3 2017, worth a combined $576M — up 13% from $509M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FBNC and 11 opened new positions — a net loss of 2 holders — while 44 trimmed existing stakes and 44 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $8.78M. The largest seller was Fidelity Investments, exiting entirely with an estimated $9.68M sold.
- 131 institutional investors held First Bancorp (FBNC) as of Q3 2017, down from 134 in Q2 2017.
- Funds reported $576M of First Bancorp stock for Q3 2017, up 13% quarter-over-quarter.
- 11 funds opened new First Bancorp positions in Q3 2017 and 13 closed out, a net change of -2 holders.
- The largest First Bancorp buyer in Q3 2017 was T. Rowe Price Associates, an estimated $8.78M added.
- The largest First Bancorp seller in Q3 2017 was Fidelity Investments, an estimated $9.68M sold.
Based on aggregated 13F filings for Q3 2017.