First Bancorp
230 hedge funds and large institutions have $1.9B invested in First Bancorp in 2023 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 75 increasing their positions, 92 reducing their positions, and 46 closing their positions.
198% more call options, than puts
Call options by funds: $179K | Put options by funds: $60K
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1.6% less ownership
Funds ownership: 93.56% → 91.96% (-1.6%)
6% less capital invested
Capital invested by funds: $2.02B → $1.9B (-$124M)
13% less funds holding
Funds holding: 265 → 230 (-35)
18% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 92
72% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 46
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$6.58M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$5.31M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
+$4.7M |
| 4 |
Tudor Investment Corp
Stamford,
Connecticut
|
+$3.86M |
| 5 |
Morgan Stanley
New York
|
+$3.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$35.4M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
-$20.4M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$9.53M |
| 4 |
BlackRock
New York
|
-$7.99M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$4.62M |
FBP Hedge Fund Activity: Q1 2023 in Review
230 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q1 2023, worth a combined $1.9B — down 6.1% from $2.02B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of FBP and 13 opened new positions — a net loss of 33 holders — while 92 trimmed existing stakes and 75 added.
The largest buyer was Goldman Sachs, adding an estimated $6.58M. The largest seller was Bank of America, cutting an estimated $35.4M.
- 230 institutional investors held First Bancorp (FBP) as of Q1 2023, down from 265 in Q4 2022.
- Funds reported $1.9B of First Bancorp stock for Q1 2023, down 6.1% quarter-over-quarter.
- 13 funds opened new First Bancorp positions in Q1 2023 and 46 closed out, a net change of -33 holders.
- The largest First Bancorp buyer in Q1 2023 was Goldman Sachs, an estimated $6.58M added.
- The largest First Bancorp seller in Q1 2023 was Bank of America, an estimated $35.4M sold.
Based on aggregated 13F filings for Q1 2023.