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First Bancorp
FBP

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
121
Holders Change
-4
Holders Change %
-3.2%
% of All Funds
3.51%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.12%
New
15
Increased
47
Reduced
42
Closed
19
Calls
$33K
Puts
$234K
Net Calls
-$201K
Net Calls Change
-$10.3M

Top Buyers

1
State Street
State Street
Massachusetts
+$5.42M
2
MCM
Munder Capital Management
Michigan
+$3.01M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.87M
4
RPA
Rock Point Advisors
Vermont
+$2.6M
5
BIT
BlackRock Institutional Trust
California
+$2.33M

Top Sellers

1
BCM
Basswood Capital Management
New York
-$10.5M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$4.55M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$2.93M
4
Bank of New York Mellon
Bank of New York Mellon
New York
-$2.08M
5
PAM
Panagora Asset Management
Massachusetts
-$1.91M
Name Holding Trade Value Shares
Change 		Change in
Stake
BA
76
BlackRock Advisors
Delaware
$314K +$22.8K +3,980 +9%
ACI
77
AMP Capital Investors
Australia
$314K +$190K +33,103 +179%
PA
78
Profund Advisors
Maryland
$305K -$70.3K -12,271 -20%
UCFA
79
United Capital Financial Advisors
Texas
$305K -$44.5K -7,772 -14%
Susquehanna International Group
80
Susquehanna International Group
Pennsylvania
$300K -$26.1K -4,551 -9%
New York State Teachers Retirement System (NYSTRS)
81
New York State Teachers Retirement System (NYSTRS)
New York
$294K -$6.88K -1,200 -2%
LSERS
82
Louisiana State Employees Retirement System
Louisiana
$284K +$263K +45,900 New
LCM
83
Landscape Capital Management
New Jersey
$279K +$258K +45,000 New
VOYA Investment Management
84
VOYA Investment Management
Georgia
$278K – – –
TRSOTSOK
85
Teachers Retirement System of the State of Kentucky
Kentucky
$253K – – –
IIM
86
Ironwood Investment Management
Massachusetts
$242K +$49.5K +8,634 +28%
CAM
87
Capstone Asset Management
Texas
$227K -$51.6K -9,010 -20%
Thrivent Financial for Lutherans
88
Thrivent Financial for Lutherans
Minnesota
$225K +$573 +100 +0.3%
RFC
89
Russell Frank Company
Washington
$221K +$118K +20,546 +97%
Deutsche Bank
90
Deutsche Bank
Germany
$199K -$712K -124,354 -79%
UBS AM
91
UBS AM
Illinois
$180K +$22.3K +3,900 +16%
Citigroup
92
Citigroup
New York
$170K +$71.1K +12,406 +82%
KBC Group
93
KBC Group
Belgium
$167K +$154K +26,963 New
PI
94
PineBridge Investments
New York
$161K +$85.6K +14,943 +136%
AL
95
Airain Ltd
Guernsey
$160K -$41K -7,153 -22%
Neuberger Berman Group
96
Neuberger Berman Group
New York
$158K -$153K -26,723 -51%
QBFM
97
QS Batterymarch Financial Management
New York
$152K +$141K +24,550 New
SCA
98
SAC Capital Advisors
Connecticut
$146K -$65K -11,353 -33%
Los Angeles Capital Management
99
Los Angeles Capital Management
California
$139K -$13.5K -2,356 -9%
PG
100
PEAK6 Group
Illinois
$125K +$58.1K +10,144 +101%
2 3
4
5 6

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.