First Bancorp
FBP
131 hedge funds and large institutions have $825M invested in First Bancorp in 2014 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 53 increasing their positions, 42 reducing their positions, and 14 closing their positions.
265% more call options, than puts
Call options by funds: $62K | Put options by funds: $17K
26% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 42
7% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 14
1% more funds holding
Funds holding: 130 → 131 (+1)
1.41% less ownership
Funds ownership: 83.24% → 81.83% (-1.4%)
13% less capital invested
Capital invested by funds: $944M → $825M (-$120M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$10.5M |
| 2 |
JP Morgan Chase
New York
|
+$5.19M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$4.71M |
| 4 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$2.98M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$2.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$7.94M |
| 2 |
EC
EJF Capital
Arlington,
Virginia
|
-$5.07M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$4.68M |
| 4 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$3.87M |
| 5 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$3.21M |
FBP Hedge Fund Activity: Q3 2014 in Review
131 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q3 2014, worth a combined $825M — down 13% from $944M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FBP positions and 14 closed out — a net gain of 1 holder — while 53 added to existing stakes and 42 trimmed.
The largest buyer was Hotchkis & Wiley Capital Management, opening a new position worth an estimated $10.5M. The largest seller was Norges Bank, cutting an estimated $7.94M.
- 131 institutional investors held First Bancorp (FBP) as of Q3 2014, up from 130 in Q2 2014.
- Funds reported $825M of First Bancorp stock for Q3 2014, down 13% quarter-over-quarter.
- 15 funds opened new First Bancorp positions in Q3 2014 and 14 closed out, a net change of +1 holder.
- The largest First Bancorp buyer in Q3 2014 was Hotchkis & Wiley Capital Management, an estimated $10.5M added.
- The largest First Bancorp seller in Q3 2014 was Norges Bank, an estimated $7.94M sold.
Based on aggregated 13F filings for Q3 2014.