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First Bancorp
FBNC

155 hedge funds and large institutions have $665M invested in First Bancorp in 2018 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 49 increasing their positions, 51 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

11% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 19

1.24% more ownership

Funds ownership: 61.68% → 62.92% (+1.2%)

3% more capital invested

Capital invested by funds: $646M → $665M (+$19.2M)

1% more funds holding

Funds holding: 154 → 155 (+1)

4% less repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 51

Holders
155
Holders Change
+1
Holders Change %
+0.65%
% of All Funds
3.54%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.09%
New
21
Increased
49
Reduced
51
Closed
19
Calls
$7.13M
Puts
–
Net Calls
+$7.13M
Net Calls Change
+$5.34M

Top Buyers

Rank Fund Capital Flow
1
Jennison Associates
Jennison Associates
New York
+$11.4M
2
CRC
Curi RMB Capital
Illinois
+$6.4M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$6.03M
4
Allianz Asset Management
Allianz Asset Management
Germany
+$3.5M
5
BCM
BHZ Capital Management
California
+$2.91M

Top Sellers

Rank Fund Capital Flow
1
BFC
Banc Funds Company
Illinois
-$12.8M
2
MWNA
Marshall Wace North America
New York
-$2.87M
3
Millennium Management
Millennium Management
New York
-$2.81M
4
LBS
Lawrence B. Seidman
-$2.13M
5
Deutsche Bank
Deutsche Bank
Germany
-$2.06M

FBNC Hedge Fund Activity: Q1 2018 in Review

155 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q1 2018, worth a combined $665M — up 3% from $646M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new FBNC positions and 19 closed out — a net gain of 2 holders — while 49 added to existing stakes and 51 trimmed.

The largest buyer was Jennison Associates, adding an estimated $11.4M. The largest seller was Banc Funds Company, cutting an estimated $12.8M.

  • 155 institutional investors held First Bancorp (FBNC) as of Q1 2018, up from 154 in Q4 2017.
  • Funds reported $665M of First Bancorp stock for Q1 2018, up 3% quarter-over-quarter.
  • 21 funds opened new First Bancorp positions in Q1 2018 and 19 closed out, a net change of +2 holders.
  • The largest First Bancorp buyer in Q1 2018 was Jennison Associates, an estimated $11.4M added.
  • The largest First Bancorp seller in Q1 2018 was Banc Funds Company, an estimated $12.8M sold.

Based on aggregated 13F filings for Q1 2018.