First Bancorp
FBP
202 hedge funds and large institutions have $1.08B invested in First Bancorp in 2020 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 78 increasing their positions, 73 reducing their positions, and 60 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
7% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 73
0.35% more ownership
Funds ownership: 92.95% → 93.29% (+0.35%)
18% less funds holding
Funds holding: 247 → 202 (-45)
49% less capital invested
Capital invested by funds: $2.14B → $1.08B (-$1.06B)
70% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 60
88% less call options, than puts
Call options by funds: $181K | Put options by funds: $1.47M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
+$43.4M |
| 2 |
MFS
Mirabella Financial Services
London,
United Kingdom
|
+$15.2M |
| 3 |
EC
EJF Capital
Arlington,
Virginia
|
+$14.1M |
| 4 |
Goldman Sachs
New York
|
+$12.6M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$9.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APG Asset Management
Amsterdam,
Netherlands
|
-$22.3M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$17.7M |
| 3 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$9.76M |
| 4 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$8.34M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$8.11M |
FBP Hedge Fund Activity: Q1 2020 in Review
202 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q1 2020, worth a combined $1.08B — down 49% from $2.14B a quarter earlier.
Sellers outnumbered buyers: 60 funds closed out of FBP and 18 opened new positions — a net loss of 42 holders — while 73 trimmed existing stakes and 78 added.
The largest buyer was Point72 Asset Management, adding an estimated $43.4M. The largest seller was APG Asset Management, cutting an estimated $22.3M.
- 202 institutional investors held First Bancorp (FBP) as of Q1 2020, down from 247 in Q4 2019.
- Funds reported $1.08B of First Bancorp stock for Q1 2020, down 49% quarter-over-quarter.
- 18 funds opened new First Bancorp positions in Q1 2020 and 60 closed out, a net change of -42 holders.
- The largest First Bancorp buyer in Q1 2020 was Point72 Asset Management, an estimated $43.4M added.
- The largest First Bancorp seller in Q1 2020 was APG Asset Management, an estimated $22.3M sold.
Based on aggregated 13F filings for Q1 2020.