First Bancorp
FBNC
174 hedge funds and large institutions have $811M invested in First Bancorp in 2023 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 67 increasing their positions, 61 reducing their positions, and 32 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 61
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.94% less ownership
Funds ownership: 67.24% → 66.3% (-0.94%)
10% less funds holding
Funds holding: 194 → 174 (-20)
17% less capital invested
Capital invested by funds: $977M → $811M (-$166M)
59% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$8.92M |
| 2 |
State Street
Boston,
Massachusetts
|
+$4.32M |
| 3 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$2.46M |
| 4 |
PA
Pinnacle Associates
New York
|
+$2.39M |
| 5 |
Franklin Resources
San Mateo,
California
|
+$2.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$9.38M |
| 2 |
Jennison Associates
New York
|
-$9.31M |
| 3 |
HSBC Holdings
London,
United Kingdom
|
-$3.64M |
| 4 |
Bank of New York Mellon
New York
|
-$3.28M |
| 5 |
RA
Royce & Associates
New York
|
-$3.24M |
FBNC Hedge Fund Activity: Q2 2023 in Review
174 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q2 2023, worth a combined $811M — down 17% from $977M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of FBNC and 13 opened new positions — a net loss of 19 holders — while 61 trimmed existing stakes and 67 added.
The largest buyer was Westwood Holdings Group, adding an estimated $8.92M. The largest seller was T. Rowe Price Associates, cutting an estimated $9.38M.
- 174 institutional investors held First Bancorp (FBNC) as of Q2 2023, down from 194 in Q1 2023.
- Funds reported $811M of First Bancorp stock for Q2 2023, down 17% quarter-over-quarter.
- 13 funds opened new First Bancorp positions in Q2 2023 and 32 closed out, a net change of -19 holders.
- The largest First Bancorp buyer in Q2 2023 was Westwood Holdings Group, an estimated $8.92M added.
- The largest First Bancorp seller in Q2 2023 was T. Rowe Price Associates, an estimated $9.38M sold.
Based on aggregated 13F filings for Q2 2023.