First Bancorp
FBP
241 hedge funds and large institutions have $2.73B invested in First Bancorp in 2024 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 72 increasing their positions, 111 reducing their positions, and 27 closing their positions.
4% more capital invested
Capital invested by funds: $2.63B → $2.73B (+$97.9M)
0.37% more ownership
Funds ownership: 92.62% → 92.99% (+0.37%)
1% less call options, than puts
Call options by funds: $906K | Put options by funds: $915K
4% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 27
1% less funds holding
Funds holding: 244 → 241 (-3)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
35% less repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 111
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$19.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$17.5M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$17.1M |
| 4 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
+$15.8M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$49.4M |
| 2 |
JP Morgan Chase
New York
|
-$17.5M |
| 3 |
BlackRock
New York
|
-$11.1M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$9.52M |
| 5 |
Millennium Management
New York
|
-$9.19M |
FBP Hedge Fund Activity: Q1 2024 in Review
241 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q1 2024, worth a combined $2.73B — up 3.7% from $2.63B a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of FBP and 26 opened new positions — a net loss of 1 holder — while 111 trimmed existing stakes and 72 added.
The largest buyer was Arrowstreet Capital, adding an estimated $19.9M. The largest seller was Morgan Stanley, cutting an estimated $49.4M.
- 241 institutional investors held First Bancorp (FBP) as of Q1 2024, down from 244 in Q4 2023.
- Funds reported $2.73B of First Bancorp stock for Q1 2024, up 3.7% quarter-over-quarter.
- 26 funds opened new First Bancorp positions in Q1 2024 and 27 closed out, a net change of -1 holder.
- The largest First Bancorp buyer in Q1 2024 was Arrowstreet Capital, an estimated $19.9M added.
- The largest First Bancorp seller in Q1 2024 was Morgan Stanley, an estimated $49.4M sold.
Based on aggregated 13F filings for Q1 2024.