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First Bancorp
FBP

176 hedge funds and large institutions have $1.16B invested in First Bancorp in 2017 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 82 increasing their positions, 50 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 50

9% more capital invested

Capital invested by funds: $1.06B → $1.16B (+$99.3M)

5.43% more ownership

Funds ownership: 86.16% → 91.59% (+5.4%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

4% less funds holding

Funds holding: 183 → 176 (-7)

28% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 25

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $29K

Holders
176
Holders Change
-7
Holders Change %
-3.83%
% of All Funds
4.39%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
18
Increased
82
Reduced
50
Closed
25
Calls
–
Puts
$29K
Net Calls
-$29K
Net Calls Change
+$78K

Top Buyers

1
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$14.2M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$14M
3
BlackRock
BlackRock
New York
+$9.66M
4
FCM
Frontier Capital Management
Massachusetts
+$9.16M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$8.76M

Top Sellers

1
EC
EJF Capital
Virginia
-$8.47M
2
Millennium Management
Millennium Management
New York
-$6.14M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$4.5M
4
MWNA
Marshall Wace North America
New York
-$3.65M
5
Two Sigma Investments
Two Sigma Investments
New York
-$3.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
Comerica Bank
76
Comerica Bank
Texas
$965K -$38.7K -6,905 -4%
SCM
77
Sterling Capital Management
North Carolina
$958K +$77.4K +13,812 +9%
KBC Group
78
KBC Group
Belgium
$914K +$495K +88,282 +127%
New York State Common Retirement Fund
79
New York State Common Retirement Fund
New York
$909K +$252K +44,999 +40%
SO
80
STRS Ohio
Ohio
$866K +$76.3K +13,600 +10%
State of Tennessee, Department of Treasury
81
State of Tennessee, Department of Treasury
Tennessee
$852K – – –
SAM
82
Shell Asset Management
Netherlands
$750K – – –
Manulife (Manufacturers Life Insurance)
83
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$740K +$190K +33,873 +36%
Wells Fargo
84
Wells Fargo
California
$735K +$60.4K +10,778 +9%
PNC Financial Services Group
85
PNC Financial Services Group
Pennsylvania
$720K +$2.45K +437 +0.4%
AIG
86
American International Group
New York
$706K +$273K +48,706 +67%
TPSF
87
Texas Permanent School Fund
Texas
$665K +$8.42K +1,501 +1%
MLICM
88
Metropolitan Life Insurance Company (MetLife)
New York
$659K +$183K +32,682 +40%
New York State Teachers Retirement System (NYSTRS)
89
New York State Teachers Retirement System (NYSTRS)
New York
$645K +$7.85K +1,400 +1%
CS
90
Credit Suisse
Switzerland
$620K -$405K -72,280 -40%
IIM
91
Ironwood Investment Management
Massachusetts
$611K -$29K -5,171 -5%
HI
92
HBK Investments
Texas
$548K +$531K +94,700 New
IA
93
IndexIQ Advisors
New York
$485K +$470K +83,802 New
Ohio Public Employees Retirement System (OPERS)
94
Ohio Public Employees Retirement System (OPERS)
Ohio
$484K +$469K +83,622 New
ASRS
95
Arizona State Retirement System
Arizona
$475K +$2.24K +400 +0.5%
Public Sector Pension Investment Board (PSP Investments)
96
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$467K -$176K -31,300 -28%
CC
97
Cipher Capital
New York
$461K +$111K +19,866 +33%
CSS
98
Cubist Systematic Strategies
Connecticut
$425K -$256K -45,685 -38%
CAM
99
Capstone Asset Management
Texas
$396K -$6K -1,070 -2%
LSERS
100
Louisiana State Employees Retirement System
Louisiana
$371K +$1.12K +200 +0.3%
2 3
4
5 6

FBP Hedge Fund Activity: Q2 2017 in Review

176 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q2 2017, worth a combined $1.16B — up 9.4% from $1.06B a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of FBP and 18 opened new positions — a net loss of 7 holders — while 50 trimmed existing stakes and 82 added.

The largest buyer was Thrivent Financial for Lutherans, adding an estimated $14.2M. The largest seller was EJF Capital, exiting entirely with an estimated $8.47M sold.

  • 176 institutional investors held First Bancorp (FBP) as of Q2 2017, down from 183 in Q1 2017.
  • Funds reported $1.16B of First Bancorp stock for Q2 2017, up 9.4% quarter-over-quarter.
  • 18 funds opened new First Bancorp positions in Q2 2017 and 25 closed out, a net change of -7 holders.
  • The largest First Bancorp buyer in Q2 2017 was Thrivent Financial for Lutherans, an estimated $14.2M added.
  • The largest First Bancorp seller in Q2 2017 was EJF Capital, an estimated $8.47M sold.

Based on aggregated 13F filings for Q2 2017.