First Bancorp
FBNC
164 hedge funds and large institutions have $646M invested in First Bancorp in 2018 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 47 increasing their positions, 68 reducing their positions, and 24 closing their positions.
990% more call options, than puts
Call options by funds: $3.27M | Put options by funds: $300K
0.14% more ownership
Funds ownership: 66.39% → 66.53% (+0.14%)
4% less funds holding
Funds holding: 171 → 164 (-7)
19% less capital invested
Capital invested by funds: $799M → $646M (-$152M)
29% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 24
31% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 68
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$39.5M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$5.69M |
| 3 |
PCM
Peregrine Capital Management
Minneapolis,
Minnesota
|
+$3.53M |
| 4 |
Natixis Advisors
Boston,
Massachusetts
|
+$2.72M |
| 5 |
BlackRock
New York
|
+$2.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$9.08M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$5.6M |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$4.16M |
| 4 |
LBS
Lawrence B. Seidman
|
-$3.99M |
| 5 |
ZDA
Zweig-DiMenna Associates
New York
|
-$3.54M |
FBNC Hedge Fund Activity: Q4 2018 in Review
164 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q4 2018, worth a combined $646M — down 19% from $799M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of FBNC and 17 opened new positions — a net loss of 7 holders — while 68 trimmed existing stakes and 47 added.
The largest buyer was Vaughan Nelson Investment Management, opening a new position worth an estimated $39.5M. The largest seller was Wellington Management Group, cutting an estimated $9.08M.
- 164 institutional investors held First Bancorp (FBNC) as of Q4 2018, down from 171 in Q3 2018.
- Funds reported $646M of First Bancorp stock for Q4 2018, down 19% quarter-over-quarter.
- 17 funds opened new First Bancorp positions in Q4 2018 and 24 closed out, a net change of -7 holders.
- The largest First Bancorp buyer in Q4 2018 was Vaughan Nelson Investment Management, an estimated $39.5M added.
- The largest First Bancorp seller in Q4 2018 was Wellington Management Group, an estimated $9.08M sold.
Based on aggregated 13F filings for Q4 2018.