First Bancorp
FBNC
148 hedge funds and large institutions have $493M invested in First Bancorp in 2020 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 49 increasing their positions, 52 reducing their positions, and 9 closing their positions.
89% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 9
10% more capital invested
Capital invested by funds: $449M → $493M (+$44M)
6% more funds holding
Funds holding: 140 → 148 (+8)
1.16% more ownership
Funds ownership: 66.61% → 67.77% (+1.2%)
6% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 52
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $298K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$5.23M |
| 2 |
EC
EJF Capital
Arlington,
Virginia
|
+$2.78M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$2.24M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$2.04M |
| 5 |
KTA
Keeley-Teton Advisors
Chicago,
Illinois
|
+$1.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$4.3M |
| 2 |
Renaissance Technologies
New York
|
-$2.18M |
| 3 |
Millennium Management
New York
|
-$1.6M |
| 4 |
DFG
DWM Financial Group
Palatine,
Illinois
|
-$1.24M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$1.16M |
FBNC Hedge Fund Activity: Q2 2020 in Review
148 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q2 2020, worth a combined $493M — up 9.8% from $449M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FBNC positions and 9 closed out — a net gain of 8 holders — while 49 added to existing stakes and 52 trimmed.
The largest buyer was Ameriprise, adding an estimated $5.23M. The largest seller was Mendon Capital Advisors, cutting an estimated $4.3M.
- 148 institutional investors held First Bancorp (FBNC) as of Q2 2020, up from 140 in Q1 2020.
- Funds reported $493M of First Bancorp stock for Q2 2020, up 9.8% quarter-over-quarter.
- 17 funds opened new First Bancorp positions in Q2 2020 and 9 closed out, a net change of +8 holders.
- The largest First Bancorp buyer in Q2 2020 was Ameriprise, an estimated $5.23M added.
- The largest First Bancorp seller in Q2 2020 was Mendon Capital Advisors, an estimated $4.3M sold.
Based on aggregated 13F filings for Q2 2020.