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First Bancorp
FBP

143 hedge funds and large institutions have $540M invested in First Bancorp in 2016 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 70 increasing their positions, 36 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

94% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 36

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

0.27% less ownership

Funds ownership: 86.69% → 86.42% (-0.27%)

5% less funds holding

Funds holding: 151 → 143 (-8)

10% less capital invested

Capital invested by funds: $601M → $540M (-$61.1M)

27% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 26

Holders
143
Holders Change
-8
Holders Change %
-5.3%
% of All Funds
3.81%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.08%
New
19
Increased
70
Reduced
36
Closed
26
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CIP
Chartwell Investment Partners
Pennsylvania
+$7.84M
2
CCM
Castine Capital Management
Massachusetts
+$5.49M
3
EC
EJF Capital
Virginia
+$4.16M
4
HAI
Hennessy Advisors Inc
California
+$3.06M
5
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$2.67M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$15.1M
2
Victory Capital Management
Victory Capital Management
Texas
-$14.3M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$2.54M
4
Canada Life
Canada Life
Manitoba, Canada
-$2.46M
5
MCM
McKinley Capital Management
Alaska
-$1.54M
Name Holding Trade Value Shares
Change 		Change in
Stake
PPA
26
Parametric Portfolio Associates
Washington
$2.74M +$2.3M +861,570 +1,121%
California Public Employees Retirement System
27
California Public Employees Retirement System
California
$2.66M +$588K +220,600 +32%
Two Sigma Investments
28
Two Sigma Investments
New York
$2.45M +$274K +103,008 +14%
Principal Financial Group
29
Principal Financial Group
Iowa
$2.39M +$87K +32,664 +4%
PI
30
Putnam Investments
Massachusetts
$2.36M +$48.1K +18,056 +2%
AQR Capital Management
31
AQR Capital Management
Connecticut
$2.29M +$343K +128,799 +20%
QI
32
QS Investors
New York
$2.09M +$465K +174,500 +32%
Arrowstreet Capital
33
Arrowstreet Capital
Massachusetts
$1.91M -$2.54M -954,236 -59%
First Trust Advisors
34
First Trust Advisors
Illinois
$1.85M -$197K -73,801 -10%
Invesco
35
Invesco
Georgia
$1.85M +$422K +158,360 +33%
SV
36
Stilwell Value
New York
$1.69M +$701K +263,000 +83%
BIM
37
BlackRock Investment Management
Delaware
$1.41M +$16K +6,019 +1%
Canada Life
38
Canada Life
Manitoba, Canada
$1.24M -$2.46M -923,375 -68%
Jacobs Levy Equity Management
39
Jacobs Levy Equity Management
New Jersey
$1.22M +$1.11M +418,346 New
Deutsche Bank
40
Deutsche Bank
Germany
$1.22M -$64.7K -24,301 -6%
OAM
41
Oxford Asset Management
United Kingdom
$1.19M +$431K +161,663 +66%
Wells Fargo
42
Wells Fargo
California
$1.15M +$207K +77,867 +25%
GC
43
Guggenheim Capital
Illinois
$1.11M +$163K +61,002 +19%
TCIM
44
TIAA CREF Investment Management
New York
$1.07M -$224K -83,885 -19%
Two Sigma Advisers
45
Two Sigma Advisers
New York
$1.03M +$202K +75,782 +27%
BIM
46
Bogle Investment Management
Massachusetts
$853K – – –
Prudential Financial
47
Prudential Financial
New Jersey
$827K +$24.8K +9,300 +3%
Bank of America
48
Bank of America
North Carolina
$810K +$611K +229,363 +475%
HCM
49
Highlander Capital Management
New Jersey
$778K -$59.9K -22,500 -8%
IIM
50
Ironwood Investment Management
Massachusetts
$770K +$34.8K +13,057 +5%
1
2
3 4 5

FBP Hedge Fund Activity: Q1 2016 in Review

143 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q1 2016, worth a combined $540M — down 10% from $601M a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of FBP and 19 opened new positions — a net loss of 7 holders — while 36 trimmed existing stakes and 70 added.

The largest buyer was Chartwell Investment Partners, adding an estimated $7.84M. The largest seller was Citadel Advisors, cutting an estimated $15.1M.

  • 143 institutional investors held First Bancorp (FBP) as of Q1 2016, down from 151 in Q4 2015.
  • Funds reported $540M of First Bancorp stock for Q1 2016, down 10% quarter-over-quarter.
  • 19 funds opened new First Bancorp positions in Q1 2016 and 26 closed out, a net change of -7 holders.
  • The largest First Bancorp buyer in Q1 2016 was Chartwell Investment Partners, an estimated $7.84M added.
  • The largest First Bancorp seller in Q1 2016 was Citadel Advisors, an estimated $15.1M sold.

Based on aggregated 13F filings for Q1 2016.