First Bancorp
FBNC
192 hedge funds and large institutions have $908M invested in First Bancorp in 2022 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 69 increasing their positions, 61 reducing their positions, and 25 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
13% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 61
6% more capital invested
Capital invested by funds: $854M → $908M (+$54.2M)
0.8% more ownership
Funds ownership: 68.69% → 69.49% (+0.8%)
3% less funds holding
Funds holding: 197 → 192 (-5)
20% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$11.8M |
| 2 |
BCM
Basswood Capital Management
New York
|
+$5.9M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
+$5.87M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$5.63M |
| 5 |
Jennison Associates
New York
|
+$4.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$13.6M |
| 2 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$6.15M |
| 3 |
Renaissance Technologies
New York
|
-$3.23M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$2.88M |
| 5 |
FSA
Franklin Street Advisors
Chapel Hill,
North Carolina
|
-$2.36M |
FBNC Hedge Fund Activity: Q3 2022 in Review
192 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q3 2022, worth a combined $908M — up 6.3% from $854M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of FBNC and 20 opened new positions — a net loss of 5 holders — while 61 trimmed existing stakes and 69 added.
The largest buyer was Franklin Resources, opening a new position worth an estimated $11.8M. The largest seller was Millennium Management, cutting an estimated $13.6M.
- 192 institutional investors held First Bancorp (FBNC) as of Q3 2022, down from 197 in Q2 2022.
- Funds reported $908M of First Bancorp stock for Q3 2022, up 6.3% quarter-over-quarter.
- 20 funds opened new First Bancorp positions in Q3 2022 and 25 closed out, a net change of -5 holders.
- The largest First Bancorp buyer in Q3 2022 was Franklin Resources, an estimated $11.8M added.
- The largest First Bancorp seller in Q3 2022 was Millennium Management, an estimated $13.6M sold.
Based on aggregated 13F filings for Q3 2022.