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First Bancorp
FBP

230 hedge funds and large institutions have $1.9B invested in First Bancorp in 2023 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 75 increasing their positions, 92 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

198% more call options, than puts

Call options by funds: $179K | Put options by funds: $60K

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

1.6% less ownership

Funds ownership: 93.56% → 91.96% (-1.6%)

6% less capital invested

Capital invested by funds: $2.02B → $1.9B (-$124M)

13% less funds holding

Funds holding: 265 → 230 (-35)

18% less repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 92

72% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 46

Holders
230
Holders Change
-35
Holders Change %
-13.21%
% of All Funds
3.67%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
13
Increased
75
Reduced
92
Closed
46
Calls
$179K
Puts
$60K
Net Calls
+$119K
Net Calls Change
-$2.39M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$6.58M
2
AllianceBernstein
AllianceBernstein
Tennessee
+$5.31M
3
VOYA Investment Management
VOYA Investment Management
Georgia
+$4.7M
4
Tudor Investment Corp
Tudor Investment Corp
Connecticut
+$3.86M
5
Morgan Stanley
Morgan Stanley
New York
+$3.84M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$35.4M
2
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$20.4M
3
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$9.53M
4
BlackRock
BlackRock
New York
-$7.99M
5
Vanguard Group
Vanguard Group
Pennsylvania
-$4.62M
Name Holding Trade Value Shares
Change 		Change in
Stake
TJHA
76
Thomas J. Herzfeld Advisors
Florida
$1.83M – – –
Two Sigma Advisers
77
Two Sigma Advisers
New York
$1.81M -$304K -23,100 -13%
HWAM
78
Hennion & Walsh Asset Management
New Jersey
$1.76M +$578K +43,895 +40%
EGM
79
Engineers Gate Manager
New York
$1.76M +$947K +72,012 +88%
HF
80
HRT Financial
New York
$1.71M +$660K +50,136 +50%
State Board of Administration of Florida Retirement System
81
State Board of Administration of Florida Retirement System
Florida
$1.7M – – –
TD Asset Management
82
TD Asset Management
Ontario, Canada
$1.66M – – –
UBS Group
83
UBS Group
Switzerland
$1.61M +$1.13M +85,526 +154%
Arrowstreet Capital
84
Arrowstreet Capital
Massachusetts
$1.6M +$1.85M +140,232 New
BNP Paribas Financial Markets
85
BNP Paribas Financial Markets
France
$1.44M +$574K +43,607 +53%
SOADOR
86
State of Alaska Department of Revenue
Alaska
$1.43M -$45.2K -3,435 -3%
HSBC Holdings
87
HSBC Holdings
United Kingdom
$1.34M -$402K -30,539 -21%
FDCDDQ
88
Federation des caisses Desjardins du Quebec
Quebec, Canada
$1.33M +$101K +7,695 +7%
State of Tennessee, Department of Treasury
89
State of Tennessee, Department of Treasury
Tennessee
$1.31M -$293K -22,291 -16%
Jane Street
90
Jane Street
New York
$1.27M -$945K -71,806 -39%
YCM
91
Yousif Capital Management
Michigan
$1.23M -$190K -14,430 -12%
National Bank of Canada
92
National Bank of Canada
Quebec, Canada
$1.2M -$154K -11,704 -10%
Citigroup
93
Citigroup
New York
$1.19M -$315K -23,978 -19%
GCM
94
Graham Capital Management
Connecticut
$1.17M -$328K -24,894 -20%
AIG
95
American International Group
New York
$1.13M -$7.91K -601 -0.6%
MIM
96
MetLife Investment Management
New Jersey
$1.08M – – –
New York State Teachers Retirement System (NYSTRS)
97
New York State Teachers Retirement System (NYSTRS)
New York
$1.04M -$321K -24,419 -21%
Macquarie Group
98
Macquarie Group
Australia
$1.02M – – –
RFG
99
Range Financial Group
Oregon
$1.01M +$207K +15,738 +22%
QC
100
Quent Capital
New York
$989K – – –
2 3
4
5 6

FBP Hedge Fund Activity: Q1 2023 in Review

230 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q1 2023, worth a combined $1.9B — down 6.1% from $2.02B a quarter earlier.

Sellers outnumbered buyers: 46 funds closed out of FBP and 13 opened new positions — a net loss of 33 holders — while 92 trimmed existing stakes and 75 added.

The largest buyer was Goldman Sachs, adding an estimated $6.58M. The largest seller was Bank of America, cutting an estimated $35.4M.

  • 230 institutional investors held First Bancorp (FBP) as of Q1 2023, down from 265 in Q4 2022.
  • Funds reported $1.9B of First Bancorp stock for Q1 2023, down 6.1% quarter-over-quarter.
  • 13 funds opened new First Bancorp positions in Q1 2023 and 46 closed out, a net change of -33 holders.
  • The largest First Bancorp buyer in Q1 2023 was Goldman Sachs, an estimated $6.58M added.
  • The largest First Bancorp seller in Q1 2023 was Bank of America, an estimated $35.4M sold.

Based on aggregated 13F filings for Q1 2023.