First Bancorp
143 hedge funds and large institutions have $540M invested in First Bancorp in 2016 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 70 increasing their positions, 36 reducing their positions, and 26 closing their positions.
94% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 36
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
0.27% less ownership
Funds ownership: 86.69% → 86.42% (-0.27%)
5% less funds holding
Funds holding: 151 → 143 (-8)
10% less capital invested
Capital invested by funds: $601M → $540M (-$61.1M)
27% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
+$7.84M |
| 2 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
+$5.49M |
| 3 |
EC
EJF Capital
Arlington,
Virginia
|
+$4.16M |
| 4 |
HAI
Hennessy Advisors Inc
Novato,
California
|
+$3.06M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$2.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$15.1M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$14.3M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$2.54M |
| 4 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$2.46M |
| 5 |
MCM
McKinley Capital Management
Anchorage,
Alaska
|
-$1.54M |
FBP Hedge Fund Activity: Q1 2016 in Review
143 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q1 2016, worth a combined $540M — down 10% from $601M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of FBP and 19 opened new positions — a net loss of 7 holders — while 36 trimmed existing stakes and 70 added.
The largest buyer was Chartwell Investment Partners, adding an estimated $7.84M. The largest seller was Citadel Advisors, cutting an estimated $15.1M.
- 143 institutional investors held First Bancorp (FBP) as of Q1 2016, down from 151 in Q4 2015.
- Funds reported $540M of First Bancorp stock for Q1 2016, down 10% quarter-over-quarter.
- 19 funds opened new First Bancorp positions in Q1 2016 and 26 closed out, a net change of -7 holders.
- The largest First Bancorp buyer in Q1 2016 was Chartwell Investment Partners, an estimated $7.84M added.
- The largest First Bancorp seller in Q1 2016 was Citadel Advisors, an estimated $15.1M sold.
Based on aggregated 13F filings for Q1 2016.