First Bancorp
FBP
120 hedge funds and large institutions have $924M invested in First Bancorp in 2014 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 43 increasing their positions, 44 reducing their positions, and 16 closing their positions.
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
0.29% more ownership
Funds ownership: 81.97% → 82.26% (+0.29%)
1% less funds holding
Funds holding: 121 → 120 (-1)
2% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 44
6% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 16
12% less capital invested
Capital invested by funds: $1.05B → $924M (-$123M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $27K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Consector Capital
New York
|
+$11.3M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$9.96M |
| 3 |
Bank of New York Mellon
New York
|
+$6.38M |
| 4 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
+$3.57M |
| 5 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
+$2.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$27.6M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$1.75M |
| 3 |
Two Sigma Investments
New York
|
-$1.28M |
| 4 |
State Street
Boston,
Massachusetts
|
-$1.19M |
| 5 |
Millennium Management
New York
|
-$1.11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Tudor Investment Corp
Stamford,
Connecticut
| – | -$315K | -50,928 | Closed |
|
|
LCM
127
Landscape Capital Management
Englewood,
New Jersey
| – | -$279K | -45,000 | Closed |
|
|
RFC
128
Russell Frank Company
Seattle,
Washington
| – | -$221K | -41,700 | Closed |
|
129
KBC Group
Brussels,
Belgium
| – | -$167K | -26,963 | Closed |
|
|
AL
130
Airain Ltd
St. Peter Port,
Guernsey
| – | -$160K | -25,898 | Closed |
|
|
PG
131
PEAK6 Group
Chicago,
Illinois
| – | -$125K | -20,140 | Closed |
|
|
DTL
132
Dynamic Technology Lab
Singapore
| – | -$121K | -19,473 | Closed |
|
133
D.E. Shaw & Co
New York
| – | -$71K | -11,532 | Closed |
|
134
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$51K | -8,182 | Closed |
|
135
BNP Paribas Financial Markets
Paris,
France
| – | -$5.79K | -935 | Closed |
|
|
GAM
136
Gemmer Asset Management
Walnut Creek,
California
| – | +$382 | +72 | New |
|
FBP Hedge Fund Activity: Q1 2014 in Review
120 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q1 2014, worth a combined $924M — down 12% from $1.05B a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of FBP and 15 opened new positions — a net loss of 1 holder — while 44 trimmed existing stakes and 43 added.
The largest buyer was Consector Capital, adding an estimated $11.3M. The largest seller was Wellington Management Group, cutting an estimated $27.6M.
- 120 institutional investors held First Bancorp (FBP) as of Q1 2014, down from 121 in Q4 2013.
- Funds reported $924M of First Bancorp stock for Q1 2014, down 12% quarter-over-quarter.
- 15 funds opened new First Bancorp positions in Q1 2014 and 16 closed out, a net change of -1 holder.
- The largest First Bancorp buyer in Q1 2014 was Consector Capital, an estimated $11.3M added.
- The largest First Bancorp seller in Q1 2014 was Wellington Management Group, an estimated $27.6M sold.
Based on aggregated 13F filings for Q1 2014.