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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
DTL
101
Dynamic Technology Lab
Singapore
$121K +$112K +19,473 New
PL
102
Parkwood LLC
Ohio
$113K +$105K +18,288 New
MSA
103
Mason Street Advisors
Wisconsin
$98K +$6.89K +1,202 +8%
Barclays
104
Barclays
United Kingdom
$82K -$260K -45,407 -77%
VKH
105
Virtu KCG Holdings
New York
$81K -$228K -39,871 -75%
CG
106
Colony Group
Massachusetts
$79K +$34 +6 +0%
NPC
107
National Planning Corporation
California
$76K – – –
D.E. Shaw & Co
108
D.E. Shaw & Co
New York
$71K -$371K -64,769 -85%
VanEck Associates
109
VanEck Associates
New York
$56K -$1.34K -234 -3%
Royal Bank of Canada
110
Royal Bank of Canada
Ontario, Canada
$51K +$3.08K +537 +7%
NEAM
111
New England Asset Management
Connecticut
$48K – – –
Teacher Retirement System of Texas
112
Teacher Retirement System of Texas
Texas
$24K -$54.4K -9,493 -71%
Bank of Montreal
113
Bank of Montreal
Ontario, Canada
$23K -$802 -140 -4%
Group One Trading
114
Group One Trading
Illinois
$18K -$229 -40 -1%
BlackRock
115
BlackRock
New York
$11K – – –
TRCT
116
Tower Research Capital (TRC)
New York
$9K -$56.2K -9,804 -87%
BNP Paribas Financial Markets
117
BNP Paribas Financial Markets
France
$5.79K -$105K -18,361 -95%
U
118
UBS
Switzerland
$5K -$67.8K -11,839 -94%
Wells Fargo
119
Wells Fargo
California
$3K – – –
Manulife (Manufacturers Life Insurance)
120
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$362 +$9.15K +1,598 +3%
BCM
121
Basswood Capital Management
New York
– -$10.5M -1,849,981 Closed
PAM
122
Panagora Asset Management
Massachusetts
– -$1.91M -336,506 Closed
GC
123
Guggenheim Capital
Illinois
– -$1.01M -177,713 Closed
GI
124
GLG Inc
New York
– -$699K -123,000 Closed
HAMF
125
Hatteras Alternative Mutual Funds
North Carolina
– -$594K -104,591 Closed
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.