First Connecticut Bancorp, Inc
FBNK
FBNK was delisted on the 1st of October, 2018.
72 hedge funds and large institutions have $116M invested in First Connecticut Bancorp, Inc in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 16 reducing their positions, and 10 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 16
5% less capital invested
Capital invested by funds: $122M → $116M (-$5.7M)
4% less funds holding
Funds holding: 75 → 72 (-3)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CP
Clover Partners
Dallas,
Texas
|
+$9.06M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$993K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$707K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$653K |
| 5 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
+$461K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$10.8M |
| 2 |
RCM
Rutabaga Capital Management
Boston,
Massachusetts
|
-$1.41M |
| 3 |
PP
Prospector Partners
Guilford,
Connecticut
|
-$1.23M |
| 4 |
Millennium Management
New York
|
-$529K |
| 5 |
MSFP
Mark Sheptoff Financial Planning
Glastonbury,
Connecticut
|
-$455K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RFC
76
Russell Frank Company
Seattle,
Washington
| – | -$59K | -3,300 | Closed |
|
77
BNP Paribas Financial Markets
Paris,
France
| – | -$54.9K | -3,156 | Closed |
|
|
CCMH
78
Cornerstone Capital Management Holdings
New York
| – | -$35K | -2,000 | Closed |
|
|
HCM
79
Highlander Capital Management
Short Hills,
New Jersey
| – | -$17K | -1,000 | Closed |
|
|
PCM
80
Prelude Capital Management
New York
| – | -$3K | -170 | Closed |
|
81
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$1K | -34 | Closed |
|
82
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$1K | -20 | Closed |
|
FBNK Hedge Fund Activity: Q1 2016 in Review
72 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in First Connecticut Bancorp, Inc (FBNK) for Q1 2016, worth a combined $116M — down 4.7% from $122M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of FBNK and 7 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 24 added.
The largest buyer was Clover Partners, opening a new position worth an estimated $9.06M. The largest seller was Wellington Management Group, cutting an estimated $10.8M.
- 72 institutional investors held First Connecticut Bancorp, Inc (FBNK) as of Q1 2016, down from 75 in Q4 2015.
- Funds reported $116M of First Connecticut Bancorp, Inc stock for Q1 2016, down 4.7% quarter-over-quarter.
- 7 funds opened new First Connecticut Bancorp, Inc positions in Q1 2016 and 10 closed out, a net change of -3 holders.
- The largest First Connecticut Bancorp, Inc buyer in Q1 2016 was Clover Partners, an estimated $9.06M added.
- The largest First Connecticut Bancorp, Inc seller in Q1 2016 was Wellington Management Group, an estimated $10.8M sold.
Based on aggregated 13F filings for Q1 2016.