First Bancorp
FBNC
165 hedge funds and large institutions have $717M invested in First Bancorp in 2019 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 54 increasing their positions, 62 reducing their positions, and 13 closing their positions.
15% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 13
5% more capital invested
Capital invested by funds: $684M → $717M (+$32.7M)
0% more funds holding
Funds holding: 165 → 165 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.01% less ownership
Funds ownership: 66.16% → 66.14% (-0.01%)
13% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 62
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
+$11.2M |
| 2 |
WC
Walthausen & Co
Malta,
New York
|
+$6.63M |
| 3 |
Jennison Associates
New York
|
+$4.58M |
| 4 |
State Street
Boston,
Massachusetts
|
+$3.44M |
| 5 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$3.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$5.69M |
| 2 |
Millennium Management
New York
|
-$4.97M |
| 3 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$4.57M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$4.33M |
| 5 |
Goldman Sachs
New York
|
-$2.89M |
FBNC Hedge Fund Activity: Q2 2019 in Review
165 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q2 2019, worth a combined $717M — up 4.8% from $684M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FBNC positions and 13 closed out — a net gain of 2 holders — while 54 added to existing stakes and 62 trimmed.
The largest buyer was Nuveen, opening a new position worth an estimated $11.2M. The largest seller was Mendon Capital Advisors, cutting an estimated $5.69M.
- 165 institutional investors held First Bancorp (FBNC) as of Q2 2019, unchanged from Q1 2019.
- Funds reported $717M of First Bancorp stock for Q2 2019, up 4.8% quarter-over-quarter.
- 15 funds opened new First Bancorp positions in Q2 2019 and 13 closed out, a net change of +2 holders.
- The largest First Bancorp buyer in Q2 2019 was Nuveen, an estimated $11.2M added.
- The largest First Bancorp seller in Q2 2019 was Mendon Capital Advisors, an estimated $5.69M sold.
Based on aggregated 13F filings for Q2 2019.