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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.

New
Increased
Maintained
Reduced
Closed

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: 24 (+2)

26% more funds holding

Funds holding: 99125 (+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)

Holders
125
Holders Change
+26
Holders Change %
+26.26%
% of All Funds
4.05%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.13%
New
33
Increased
68
Reduced
16
Closed
7
Calls
$10.1M
Puts
$19K
Net Calls
+$10.1M
Net Calls Change
-$2.33M
Name Holding Trade Value Shares
Change
Change in
Stake
THLTP
1
Thomas H. Lee (THL) Partners
Massachusetts
$238M -$62.5M -8,833,418 -17%
OCM
2
Oaktree Capital Management
California
$238M -$62.5M -8,840,904 -17%
Wellington Management Group
3
Wellington Management Group
Massachusetts
$79.5M -$17.1M -2,417,658 -15%
EC
4
EJF Capital
Virginia
$57.1M +$71.1M +10,050,000 New
Fidelity Investments
5
Fidelity Investments
Massachusetts
$53.6M
Vanguard Group
6
Vanguard Group
Pennsylvania
$40.4M +$5.39M +762,188 +12%
MCM
7
Munder Capital Management
Michigan
$34.5M +$20.8M +2,946,321 +94%
State Street
8
State Street
Massachusetts
$32.9M +$31.9M +4,506,101 +351%
BFA
9
BlackRock Fund Advisors
California
$26.3M +$7.87M +1,112,746 +32%
Citadel Advisors
10
Citadel Advisors
Florida
$14.9M +$18.4M +2,607,584 +13,659%
BIT
11
BlackRock Institutional Trust
California
$11.3M +$661K +93,539 +5%
BCM
12
Basswood Capital Management
New York
$10.5M +$7.75M +1,095,214 +145%
Dimensional Fund Advisors
13
Dimensional Fund Advisors
Texas
$10.3M +$4.22M +596,263 +49%
SCC
14
Second Curve Capital
Pennsylvania
$9M +$3.11M +440,000 +38%
Norges Bank
15
Norges Bank
Norway
$8.06M +$3.03M +427,791 +43%
AllianceBernstein
16
AllianceBernstein
Tennessee
$8.05M +$8.84M +1,249,698 +748%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$7.24M +$1.71M +241,179 +23%
HAI
18
Hennessy Advisors Inc
California
$6.28M +$248K +35,000 +3%
Northern Trust
19
Northern Trust
Illinois
$6.03M +$626K +88,540 +9%
JP Morgan Chase
20
JP Morgan Chase
New York
$4.72M +$3.06M +432,517 +109%
Geode Capital Management
21
Geode Capital Management
Massachusetts
$4.54M +$2.83M +400,160 +100%
California Public Employees Retirement System
22
California Public Employees Retirement System
California
$3.71M +$3.5M +495,216 +312%
BCM
23
Bridgeway Capital Management
Texas
$3.33M +$21.6K +3,050 +0.5%
Principal Financial Group
24
Principal Financial Group
Iowa
$3.19M +$1.21M +170,991 +44%
Morgan Stanley
25
Morgan Stanley
New York
$2.25M +$2.42M +342,072 +624%

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.