First Bancorp
FBNC
175 hedge funds and large institutions have $890M invested in First Bancorp in 2021 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 57 increasing their positions, 61 reducing their positions, and 12 closing their positions.
83% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 12
6% more funds holding
Funds holding: 165 → 175 (+10)
3.34% more ownership
Funds ownership: 72.92% → 76.26% (+3.3%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
2% less capital invested
Capital invested by funds: $904M → $890M (-$14.1M)
7% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 61
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS AM
Chicago,
Illinois
|
+$18.7M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$14.8M |
| 3 |
Jennison Associates
New York
|
+$7.36M |
| 4 |
Millennium Management
New York
|
+$3.98M |
| 5 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
+$3.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$7.44M |
| 2 |
JP Morgan Chase
New York
|
-$4.93M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
-$4.07M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$2.66M |
| 5 |
California Public Employees Retirement System
Sacramento,
California
|
-$2.54M |
FBNC Hedge Fund Activity: Q2 2021 in Review
175 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q2 2021, worth a combined $890M — down 1.6% from $904M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new FBNC positions and 12 closed out — a net gain of 10 holders — while 57 added to existing stakes and 61 trimmed.
The largest buyer was UBS AM, adding an estimated $18.7M. The largest seller was Lazard Asset Management, cutting an estimated $7.44M.
- 175 institutional investors held First Bancorp (FBNC) as of Q2 2021, up from 165 in Q1 2021.
- Funds reported $890M of First Bancorp stock for Q2 2021, down 1.6% quarter-over-quarter.
- 22 funds opened new First Bancorp positions in Q2 2021 and 12 closed out, a net change of +10 holders.
- The largest First Bancorp buyer in Q2 2021 was UBS AM, an estimated $18.7M added.
- The largest First Bancorp seller in Q2 2021 was Lazard Asset Management, an estimated $7.44M sold.
Based on aggregated 13F filings for Q2 2021.