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First Bancorp

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.

New
Increased
Maintained
Reduced
Closed

25% more funds holding in top 10

Funds holding in top 10: 45 (+1)

0.29% more ownership

Funds ownership: 81.97%82.26% (+0.29%)

1% less funds holding

Funds holding: 121120 (-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

Holders
120
Holders Change
-1
Holders Change %
-0.83%
% of All Funds
3.47%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.14%
New
15
Increased
43
Reduced
44
Closed
16
Calls
Puts
$27K
Net Calls
-$27K
Net Calls Change
+$174K
Name Holding Trade Value Shares
Change
Change in
Stake
THLTP
1
Thomas H. Lee (THL) Partners
Massachusetts
$228M
OCM
2
Oaktree Capital Management
California
$228M
EC
3
EJF Capital
Virginia
$54.7M
Fidelity Investments
4
Fidelity Investments
Massachusetts
$51.3M
Wellington Management Group
5
Wellington Management Group
Massachusetts
$43.6M -$27.6M -5,200,143 -39%
MCM
6
Munder Capital Management
Michigan
$39.5M +$3.57M +673,048 +10%
Vanguard Group
7
Vanguard Group
Pennsylvania
$36.5M +$594K +112,027 +2%
State Street
8
State Street
Massachusetts
$35.4M -$1.19M -225,047 -3%
Citadel Advisors
9
Citadel Advisors
Florida
$26.4M +$9.96M +1,879,135 +63%
BFA
10
BlackRock Fund Advisors
California
$26.3M +$41.5K +7,828 +0.2%
BIT
11
BlackRock Institutional Trust
California
$12.4M -$609K -114,913 -5%
CC
12
Consector Capital
New York
$12.3M +$11.3M +2,129,579 +1,704%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$11.5M +$6.38M +1,203,968 +132%
Dimensional Fund Advisors
14
Dimensional Fund Advisors
Texas
$11M -$269K -50,833 -2%
SCC
15
Second Curve Capital
Pennsylvania
$9.49M +$954K +180,000 +12%
Norges Bank
16
Norges Bank
Norway
$7.72M
AllianceBernstein
17
AllianceBernstein
Tennessee
$6.94M -$334K -63,040 -5%
HAI
18
Hennessy Advisors Inc
California
$5.98M -$583K -110,000 -9%
Northern Trust
19
Northern Trust
Illinois
$5.22M -$425K -80,254 -8%
JP Morgan Chase
20
JP Morgan Chase
New York
$4.25M +$142K +26,807 +4%
Geode Capital Management
21
Geode Capital Management
Massachusetts
$4.01M -$402K -75,924 -9%
SCA
22
Stieven Capital Advisors
Missouri
$3.97M +$2.8M +529,200 +265%
California Public Employees Retirement System
23
California Public Employees Retirement System
California
$3.53M -$471K -88,900 -12%
Principal Financial Group
24
Principal Financial Group
Iowa
$3.28M +$120K +22,559 +4%
BCM
25
Bridgeway Capital Management
Texas
$3.17M

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.