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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
THLTP
1
Thomas H. Lee (THL) Partners
Massachusetts
$259M – – –
OCM
2
Oaktree Capital Management
California
$259M – – –
Wellington Management Group
3
Wellington Management Group
Massachusetts
$81.8M -$4.55M -793,541 -6%
EC
4
EJF Capital
Virginia
$62.2M – – –
Fidelity Investments
5
Fidelity Investments
Massachusetts
$58.4M – – –
State Street
6
State Street
Massachusetts
$41.7M +$5.42M +946,075 +16%
MCM
7
Munder Capital Management
Michigan
$40.8M +$3.01M +524,576 +9%
Vanguard Group
8
Vanguard Group
Pennsylvania
$40.8M -$2.93M -512,177 -7%
BFA
9
BlackRock Fund Advisors
California
$29.9M +$1.15M +199,983 +4%
Citadel Advisors
10
Citadel Advisors
Florida
$18.4M +$1.96M +341,762 +13%
BIT
11
BlackRock Institutional Trust
California
$14.8M +$2.33M +405,940 +20%
Dimensional Fund Advisors
12
Dimensional Fund Advisors
Texas
$12.8M +$1.51M +264,165 +15%
SCC
13
Second Curve Capital
Pennsylvania
$9.69M -$115K -20,000 -1%
Norges Bank
14
Norges Bank
Norway
$8.78M – – –
AllianceBernstein
15
AllianceBernstein
Tennessee
$8.29M -$443K -77,320 -5%
HAI
16
Hennessy Advisors Inc
California
$7.49M +$602K +105,000 +10%
Northern Trust
17
Northern Trust
Illinois
$6.43M -$126K -21,988 -2%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$5.64M -$2.08M -363,181 -29%
Geode Capital Management
19
Geode Capital Management
Massachusetts
$5.04M +$86K +15,020 +2%
JP Morgan Chase
20
JP Morgan Chase
New York
$4.67M -$435K -75,888 -9%
California Public Employees Retirement System
21
California Public Employees Retirement System
California
$4.5M +$529K +92,300 +14%
Arrowstreet Capital
22
Arrowstreet Capital
Massachusetts
$4.45M +$2.87M +501,618 +231%
BCM
23
Bridgeway Capital Management
Texas
$3.61M -$17.5K -3,050 -0.5%
Principal Financial Group
24
Principal Financial Group
Iowa
$3.59M +$111K +19,350 +3%
RPA
25
Rock Point Advisors
Vermont
$2.81M +$2.6M +453,135 New
1
2 3 4 5

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.