First Bancorp
227 hedge funds and large institutions have $2.15B invested in First Bancorp in 2023 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 57 increasing their positions, 99 reducing their positions, and 13 closing their positions.
888% more call options, than puts
Call options by funds: $158K | Put options by funds: $16K
100% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 13
6% more capital invested
Capital invested by funds: $2.02B → $2.15B (+$128M)
6% more funds holding
Funds holding: 215 → 227 (+12)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
2.58% less ownership
Funds ownership: 92.09% → 89.51% (-2.6%)
42% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 99
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$14.6M |
| 2 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$7.39M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$7.02M |
| 4 |
JP Morgan Chase
New York
|
+$5.33M |
| 5 |
BlackRock
New York
|
+$3.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$30M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$22.1M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$10.9M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$9.81M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$6.17M |
FBP Hedge Fund Activity: Q3 2023 in Review
227 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q3 2023, worth a combined $2.15B — up 6.3% from $2.02B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new FBP positions and 13 closed out — a net gain of 13 holders — while 57 added to existing stakes and 99 trimmed.
The largest buyer was Arrowstreet Capital, adding an estimated $14.6M. The largest seller was AllianceBernstein, cutting an estimated $30M.
- 227 institutional investors held First Bancorp (FBP) as of Q3 2023, up from 215 in Q2 2023.
- Funds reported $2.15B of First Bancorp stock for Q3 2023, up 6.3% quarter-over-quarter.
- 26 funds opened new First Bancorp positions in Q3 2023 and 13 closed out, a net change of +13 holders.
- The largest First Bancorp buyer in Q3 2023 was Arrowstreet Capital, an estimated $14.6M added.
- The largest First Bancorp seller in Q3 2023 was AllianceBernstein, an estimated $30M sold.
Based on aggregated 13F filings for Q3 2023.