First Bancorp
FBNC
194 hedge funds and large institutions have $977M invested in First Bancorp in 2023 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 93 increasing their positions, 44 reducing their positions, and 28 closing their positions.
111% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 44
32% more call options, than puts
Call options by funds: $103K | Put options by funds: $78K
0.79% more ownership
Funds ownership: 66.45% → 67.24% (+0.79%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
4% less capital invested
Capital invested by funds: $1.01B → $977M (-$37.2M)
4% less funds holding
Funds holding: 203 → 194 (-9)
25% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$36.4M |
| 2 |
BlackRock
New York
|
+$32.5M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$12.9M |
| 4 |
State Street
Boston,
Massachusetts
|
+$10.2M |
| 5 |
Franklin Resources
San Mateo,
California
|
+$9.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$18.4M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$4.06M |
| 3 |
Goldman Sachs
New York
|
-$3.97M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
-$3.4M |
| 5 |
JP Morgan Chase
New York
|
-$2.76M |
FBNC Hedge Fund Activity: Q1 2023 in Review
194 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q1 2023, worth a combined $977M — down 3.7% from $1.01B a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of FBNC and 21 opened new positions — a net loss of 7 holders — while 44 trimmed existing stakes and 93 added.
The largest buyer was Westwood Holdings Group, adding an estimated $36.4M. The largest seller was Jennison Associates, cutting an estimated $18.4M.
- 194 institutional investors held First Bancorp (FBNC) as of Q1 2023, down from 203 in Q4 2022.
- Funds reported $977M of First Bancorp stock for Q1 2023, down 3.7% quarter-over-quarter.
- 21 funds opened new First Bancorp positions in Q1 2023 and 28 closed out, a net change of -7 holders.
- The largest First Bancorp buyer in Q1 2023 was Westwood Holdings Group, an estimated $36.4M added.
- The largest First Bancorp seller in Q1 2023 was Jennison Associates, an estimated $18.4M sold.
Based on aggregated 13F filings for Q1 2023.