First Bancorp
FBNC
140 hedge funds and large institutions have $458M invested in First Bancorp in 2020 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 48 increasing their positions, 49 reducing their positions, and 31 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
0.91% more ownership
Funds ownership: 67.11% → 68.02% (+0.91%)
2% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 49
13% less funds holding
Funds holding: 161 → 140 (-21)
42% less capital invested
Capital invested by funds: $793M → $458M (-$335M)
61% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$13.1M |
| 2 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$4.19M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$3.24M |
| 4 |
KTA
Keeley-Teton Advisors
Chicago,
Illinois
|
+$2.95M |
| 5 |
Jennison Associates
New York
|
+$2.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$6.46M |
| 2 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$5.25M |
| 3 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$4.06M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$3.14M |
| 5 |
Goldman Sachs
New York
|
-$2.54M |
FBNC Hedge Fund Activity: Q1 2020 in Review
140 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q1 2020, worth a combined $458M — down 42% from $793M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of FBNC and 12 opened new positions — a net loss of 19 holders — while 49 trimmed existing stakes and 48 added.
The largest buyer was Victory Capital Management, adding an estimated $13.1M. The largest seller was Millennium Management, cutting an estimated $6.46M.
- 140 institutional investors held First Bancorp (FBNC) as of Q1 2020, down from 161 in Q4 2019.
- Funds reported $458M of First Bancorp stock for Q1 2020, down 42% quarter-over-quarter.
- 12 funds opened new First Bancorp positions in Q1 2020 and 31 closed out, a net change of -19 holders.
- The largest First Bancorp buyer in Q1 2020 was Victory Capital Management, an estimated $13.1M added.
- The largest First Bancorp seller in Q1 2020 was Millennium Management, an estimated $6.46M sold.
Based on aggregated 13F filings for Q1 2020.