First Connecticut Bancorp, Inc
FBNK
FBNK was delisted on the 1st of October, 2018.
90 hedge funds and large institutions have $246M invested in First Connecticut Bancorp, Inc in 2018 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 23 increasing their positions, 27 reducing their positions, and 18 closing their positions.
50% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 18
28% more capital invested
Capital invested by funds: $192M → $246M (+$54M)
11% more funds holding
Funds holding: 81 → 90 (+9)
15% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 27
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$12.7M |
| 2 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$11.6M |
| 3 |
Tudor Investment Corp
Stamford,
Connecticut
|
+$9.33M |
| 4 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$7.96M |
| 5 |
PWPCM
Perella Weinberg Partners Capital Management
New York
|
+$7.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$18.2M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$16.8M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$5.35M |
| 4 |
BlackRock
New York
|
-$3.75M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$3.42M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CIM
101
Corbyn Investment Management
Lutherville,
Maryland
| – | -$729K | -28,461 | Closed |
|
|
HIM
102
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$717K | -28,000 | Closed |
|
|
OAM
103
Oxford Asset Management
Oxford,
United Kingdom
| – | -$656K | -25,608 | Closed |
|
|
HW
104
Hancock Whitney
Gulfport,
Mississippi
| – | -$255K | -9,957 | Closed |
|
105
Jacobs Levy Equity Management
Florham Park,
New Jersey
| – | -$221K | -8,635 | Closed |
|
106
Acadian Asset Management
Boston,
Massachusetts
| – | -$171K | -6,689 | Closed |
|
107
Russell Investments Group
London,
United Kingdom
| – | -$16K | -612 | Closed |
|
108
SEI Investments
Oaks,
Pennsylvania
| – | -$10K | -409 | Closed |
|
FBNK Hedge Fund Activity: Q2 2018 in Review
90 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in First Connecticut Bancorp, Inc (FBNK) for Q2 2018, worth a combined $246M — up 28% from $192M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new FBNK positions and 18 closed out — a net gain of 9 holders — while 23 added to existing stakes and 27 trimmed.
The largest buyer was AQR Arbitrage, opening a new position worth an estimated $12.7M. The largest seller was FJ Capital Management, exiting entirely with an estimated $18.2M sold.
- 90 institutional investors held First Connecticut Bancorp, Inc (FBNK) as of Q2 2018, up from 81 in Q1 2018.
- Funds reported $246M of First Connecticut Bancorp, Inc stock for Q2 2018, up 28% quarter-over-quarter.
- 27 funds opened new First Connecticut Bancorp, Inc positions in Q2 2018 and 18 closed out, a net change of +9 holders.
- The largest First Connecticut Bancorp, Inc buyer in Q2 2018 was AQR Arbitrage, an estimated $12.7M added.
- The largest First Connecticut Bancorp, Inc seller in Q2 2018 was FJ Capital Management, an estimated $18.2M sold.
Based on aggregated 13F filings for Q2 2018.