First Bancorp
FBNC
185 hedge funds and large institutions have $1.11B invested in First Bancorp in 2021 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 82 increasing their positions, 34 reducing their positions, and 15 closing their positions.
141% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 34
107% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 15
19% more capital invested
Capital invested by funds: $932M → $1.11B (+$181M)
9% more funds holding
Funds holding: 170 → 185 (+15)
7.65% less ownership
Funds ownership: 76.04% → 68.39% (-7.7%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$47.2M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$21.7M |
| 3 |
Brown Advisory
Baltimore,
Maryland
|
+$21.6M |
| 4 |
State Street
Boston,
Massachusetts
|
+$14.1M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$5.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$8.6M |
| 2 |
Goldman Sachs
New York
|
-$6.3M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$5.48M |
| 4 |
EC
EJF Capital
Arlington,
Virginia
|
-$3.04M |
| 5 |
William Blair Investment Management
Chicago,
Illinois
|
-$2.92M |
FBNC Hedge Fund Activity: Q4 2021 in Review
185 of the 6,518 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q4 2021, worth a combined $1.11B — up 19% from $932M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new FBNC positions and 15 closed out — a net gain of 16 holders — while 82 added to existing stakes and 34 trimmed.
The largest buyer was BlackRock, adding an estimated $47.2M. The largest seller was Bank of Montreal, cutting an estimated $8.6M.
- 185 institutional investors held First Bancorp (FBNC) as of Q4 2021, up from 170 in Q3 2021.
- Funds reported $1.11B of First Bancorp stock for Q4 2021, up 19% quarter-over-quarter.
- 31 funds opened new First Bancorp positions in Q4 2021 and 15 closed out, a net change of +16 holders.
- The largest First Bancorp buyer in Q4 2021 was BlackRock, an estimated $47.2M added.
- The largest First Bancorp seller in Q4 2021 was Bank of Montreal, an estimated $8.6M sold.
Based on aggregated 13F filings for Q4 2021.