First Bancorp
121 hedge funds and large institutions have $1.05B invested in First Bancorp in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 47 increasing their positions, 42 reducing their positions, and 19 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 42
9% more capital invested
Capital invested by funds: $960M → $1.05B (+$87.6M)
0.1% more ownership
Funds ownership: 81.87% → 81.97% (+0.1%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
3% less funds holding
Funds holding: 125 → 121 (-4)
21% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 19
86% less call options, than puts
Call options by funds: $33K | Put options by funds: $234K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$5.42M |
| 2 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
+$3.01M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.87M |
| 4 |
RPA
Rock Point Advisors
Burlington,
Vermont
|
+$2.6M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$2.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$10.5M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$4.55M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.93M |
| 4 |
Bank of New York Mellon
New York
|
-$2.08M |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$1.91M |
FBP Hedge Fund Activity: Q4 2013 in Review
121 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q4 2013, worth a combined $1.05B — up 9.1% from $960M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of FBP and 15 opened new positions — a net loss of 4 holders — while 42 trimmed existing stakes and 47 added.
The largest buyer was State Street, adding an estimated $5.42M. The largest seller was Basswood Capital Management, exiting entirely with an estimated $10.5M sold.
- 121 institutional investors held First Bancorp (FBP) as of Q4 2013, down from 125 in Q3 2013.
- Funds reported $1.05B of First Bancorp stock for Q4 2013, up 9.1% quarter-over-quarter.
- 15 funds opened new First Bancorp positions in Q4 2013 and 19 closed out, a net change of -4 holders.
- The largest First Bancorp buyer in Q4 2013 was State Street, an estimated $5.42M added.
- The largest First Bancorp seller in Q4 2013 was Basswood Capital Management, an estimated $10.5M sold.
Based on aggregated 13F filings for Q4 2013.