First Bancorp
FBNC
165 hedge funds and large institutions have $684M invested in First Bancorp in 2019 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 62 increasing their positions, 46 reducing their positions, and 21 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 46
6% more capital invested
Capital invested by funds: $646M → $684M (+$37.8M)
10% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 21
1% more funds holding
Funds holding: 164 → 165 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.38% less ownership
Funds ownership: 66.53% → 66.16% (-0.38%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
+$10.1M |
| 2 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$8.78M |
| 3 |
Millennium Management
New York
|
+$5.97M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$3.34M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$3.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$16.6M |
| 2 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$10.3M |
| 3 |
LBS
Lawrence B. Seidman
|
-$6.39M |
| 4 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$5.93M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$5.38M |
FBNC Hedge Fund Activity: Q1 2019 in Review
165 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q1 2019, worth a combined $684M — up 5.9% from $646M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new FBNC positions and 21 closed out — a net gain of 2 holders — while 62 added to existing stakes and 46 trimmed.
The largest buyer was Investment Counselors of Maryland, adding an estimated $10.1M. The largest seller was Allianz Asset Management, cutting an estimated $16.6M.
- 165 institutional investors held First Bancorp (FBNC) as of Q1 2019, up from 164 in Q4 2018.
- Funds reported $684M of First Bancorp stock for Q1 2019, up 5.9% quarter-over-quarter.
- 23 funds opened new First Bancorp positions in Q1 2019 and 21 closed out, a net change of +2 holders.
- The largest First Bancorp buyer in Q1 2019 was Investment Counselors of Maryland, an estimated $10.1M added.
- The largest First Bancorp seller in Q1 2019 was Allianz Asset Management, an estimated $16.6M sold.
Based on aggregated 13F filings for Q1 2019.