First Bancorp
FBNC
180 hedge funds and large institutions have $1.04B invested in First Bancorp in 2023 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 63 increasing their positions, 61 reducing their positions, and 19 closing their positions.
37% more capital invested
Capital invested by funds: $759M → $1.04B (+$283M)
2.86% more ownership
Funds ownership: 65.6% → 68.45% (+2.9%)
3% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 61
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less funds holding
Funds holding: 183 → 180 (-3)
11% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$19.7M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$18.7M |
| 3 |
HSBC Holdings
London,
United Kingdom
|
+$9.89M |
| 4 |
Rockefeller Capital Management
New York
|
+$4.29M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$7.45M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$5.59M |
| 3 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$5.53M |
| 4 |
BlackRock
New York
|
-$4.49M |
| 5 |
FL
Fourthstone LLC
St Louis,
Missouri
|
-$2.45M |
FBNC Hedge Fund Activity: Q4 2023 in Review
180 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBNC) for Q4 2023, worth a combined $1.04B — up 37% from $759M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of FBNC and 17 opened new positions — a net loss of 2 holders — while 61 trimmed existing stakes and 63 added.
The largest buyer was CAPTRUST Financial Advisors, adding an estimated $19.7M. The largest seller was Ameriprise, cutting an estimated $7.45M.
- 180 institutional investors held First Bancorp (FBNC) as of Q4 2023, down from 183 in Q3 2023.
- Funds reported $1.04B of First Bancorp stock for Q4 2023, up 37% quarter-over-quarter.
- 17 funds opened new First Bancorp positions in Q4 2023 and 19 closed out, a net change of -2 holders.
- The largest First Bancorp buyer in Q4 2023 was CAPTRUST Financial Advisors, an estimated $19.7M added.
- The largest First Bancorp seller in Q4 2023 was Ameriprise, an estimated $7.45M sold.
Based on aggregated 13F filings for Q4 2023.