First Bancorp
125 hedge funds and large institutions have $960M invested in First Bancorp in 2013 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 68 increasing their positions, 16 reducing their positions, and 7 closing their positions.
53,079% more call options, than puts
Call options by funds: $10.1M | Put options by funds: $19K
371% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 7
325% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 16
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
26% more funds holding
Funds holding: 99 → 125 (+26)
4.76% more ownership
Funds ownership: 77.1% → 81.87% (+4.8%)
15% less capital invested
Capital invested by funds: $1.13B → $960M (-$165M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
+$71.1M |
| 2 |
State Street
Boston,
Massachusetts
|
+$31.9M |
| 3 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
+$20.8M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$18.4M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$8.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$62.5M |
| 2 |
THLTP
Thomas H. Lee (THL) Partners
Boston,
Massachusetts
|
-$62.5M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$17.1M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.01M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.93M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WA
126
Whitebox Advisors
Minneapolis,
Minnesota
| – | -$756K | -106,803 | Closed |
|
127
Schroder Investment Management Group
London,
United Kingdom
| – | -$275K | -38,800 | Closed |
|
128
First Trust Advisors
Wheaton,
Illinois
| – | -$201K | -28,347 | Closed |
|
|
SCM
129
Schneider Capital Management
Berwyn,
Pennsylvania
| – | -$111K | -15,679 | Closed |
|
|
WT
130
Wilmington Trust
Wilmington,
Delaware
| – | -$85K | -12,078 | Closed |
|
|
DTL
131
Dynamic Technology Lab
Singapore
| – | -$73K | -10,376 | Closed |
|
FBP Hedge Fund Activity: Q3 2013 in Review
125 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q3 2013, worth a combined $960M — down 15% from $1.13B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new FBP positions and 7 closed out — a net gain of 26 holders — while 68 added to existing stakes and 16 trimmed.
The largest buyer was EJF Capital, opening a new position worth an estimated $71.1M. The largest seller was Oaktree Capital Management, cutting an estimated $62.5M.
- 125 institutional investors held First Bancorp (FBP) as of Q3 2013, up from 99 in Q2 2013.
- Funds reported $960M of First Bancorp stock for Q3 2013, down 15% quarter-over-quarter.
- 33 funds opened new First Bancorp positions in Q3 2013 and 7 closed out, a net change of +26 holders.
- The largest First Bancorp buyer in Q3 2013 was EJF Capital, an estimated $71.1M added.
- The largest First Bancorp seller in Q3 2013 was Oaktree Capital Management, an estimated $62.5M sold.
Based on aggregated 13F filings for Q3 2013.