First Bancorp
FBNC
203 hedge funds and large institutions have $1.01B invested in First Bancorp in 2022 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 67 increasing their positions, 60 reducing their positions, and 11 closing their positions.
164% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 11
12% more capital invested
Capital invested by funds: $908M → $1.01B (+$106M)
12% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 60
6% more funds holding
Funds holding: 191 → 203 (+12)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
3.03% less ownership
Funds ownership: 69.47% → 66.45% (-3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$29.6M |
| 2 |
JC
JCSD Capital
Walnut Creek,
California
|
+$5.14M |
| 3 |
TL
Tradewinds LLC
Raleigh,
North Carolina
|
+$3.83M |
| 4 |
RA
Royce & Associates
New York
|
+$3.7M |
| 5 |
Jennison Associates
New York
|
+$3.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$5.97M |
| 2 |
BCM
Basswood Capital Management
New York
|
-$5.59M |
| 3 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$3.61M |
| 4 |
Millennium Management
New York
|
-$3.34M |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$2.82M |
FBNC Hedge Fund Activity: Q4 2022 in Review
203 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q4 2022, worth a combined $1.01B — up 12% from $908M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new FBNC positions and 11 closed out — a net gain of 18 holders — while 67 added to existing stakes and 60 trimmed.
The largest buyer was Westwood Holdings Group, opening a new position worth an estimated $29.6M. The largest seller was Invesco, cutting an estimated $5.97M.
- 203 institutional investors held First Bancorp (FBNC) as of Q4 2022, up from 191 in Q3 2022.
- Funds reported $1.01B of First Bancorp stock for Q4 2022, up 12% quarter-over-quarter.
- 29 funds opened new First Bancorp positions in Q4 2022 and 11 closed out, a net change of +18 holders.
- The largest First Bancorp buyer in Q4 2022 was Westwood Holdings Group, an estimated $29.6M added.
- The largest First Bancorp seller in Q4 2022 was Invesco, an estimated $5.97M sold.
Based on aggregated 13F filings for Q4 2022.