First Bancorp
FBNC
183 hedge funds and large institutions have $759M invested in First Bancorp in 2023 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 57 increasing their positions, 66 reducing their positions, and 13 closing their positions.
6,433% more call options, than puts
Call options by funds: $196K | Put options by funds: $3K
69% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 13
5% more funds holding
Funds holding: 174 → 183 (+9)
0.71% less ownership
Funds ownership: 66.3% → 65.6% (-0.71%)
6% less capital invested
Capital invested by funds: $811M → $759M (-$52.2M)
14% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 66
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$3.84M |
| 2 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$2.67M |
| 3 |
Millennium Management
New York
|
+$2.4M |
| 4 |
Jennison Associates
New York
|
+$2.27M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS AM
Chicago,
Illinois
|
-$4.27M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$3.59M |
| 3 |
State Street
Boston,
Massachusetts
|
-$3.5M |
| 4 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$3.2M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$2.23M |
FBNC Hedge Fund Activity: Q3 2023 in Review
183 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q3 2023, worth a combined $759M — down 6.4% from $811M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new FBNC positions and 13 closed out — a net gain of 9 holders — while 57 added to existing stakes and 66 trimmed.
The largest buyer was Westwood Holdings Group, adding an estimated $3.84M. The largest seller was UBS AM, cutting an estimated $4.27M.
- 183 institutional investors held First Bancorp (FBNC) as of Q3 2023, up from 174 in Q2 2023.
- Funds reported $759M of First Bancorp stock for Q3 2023, down 6.4% quarter-over-quarter.
- 22 funds opened new First Bancorp positions in Q3 2023 and 13 closed out, a net change of +9 holders.
- The largest First Bancorp buyer in Q3 2023 was Westwood Holdings Group, an estimated $3.84M added.
- The largest First Bancorp seller in Q3 2023 was UBS AM, an estimated $4.27M sold.
Based on aggregated 13F filings for Q3 2023.