First Bancorp
177 hedge funds and large institutions have $1.21B invested in First Bancorp in 2016 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 77 increasing their positions, 42 reducing their positions, and 18 closing their positions.
94% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 18
83% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 42
25% more capital invested
Capital invested by funds: $970M → $1.21B (+$244M)
9% more funds holding
Funds holding: 163 → 177 (+14)
1.48% less ownership
Funds ownership: 85.89% → 84.41% (-1.5%)
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$42.8M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$25.3M |
| 3 |
Millennium Management
New York
|
+$13M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$10M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$9.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$60.9M |
| 2 |
THLTP
Thomas H. Lee (THL) Partners
Boston,
Massachusetts
|
-$60.8M |
| 3 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
-$57.6M |
| 4 |
SV
Stilwell Value
New York
|
-$7.05M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$6.57M |
FBP Hedge Fund Activity: Q4 2016 in Review
177 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q4 2016, worth a combined $1.21B — up 25% from $970M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new FBP positions and 18 closed out — a net gain of 17 holders — while 77 added to existing stakes and 42 trimmed.
The largest buyer was Frontier Capital Management, opening a new position worth an estimated $42.8M. The largest seller was Oaktree Capital Management, cutting an estimated $60.9M.
- 177 institutional investors held First Bancorp (FBP) as of Q4 2016, up from 163 in Q3 2016.
- Funds reported $1.21B of First Bancorp stock for Q4 2016, up 25% quarter-over-quarter.
- 35 funds opened new First Bancorp positions in Q4 2016 and 18 closed out, a net change of +17 holders.
- The largest First Bancorp buyer in Q4 2016 was Frontier Capital Management, an estimated $42.8M added.
- The largest First Bancorp seller in Q4 2016 was Oaktree Capital Management, an estimated $60.9M sold.
Based on aggregated 13F filings for Q4 2016.