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First Bancorp
FBP

176 hedge funds and large institutions have $1.16B invested in First Bancorp in 2017 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 82 increasing their positions, 50 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 50

9% more capital invested

Capital invested by funds: $1.06B → $1.16B (+$99.3M)

5.43% more ownership

Funds ownership: 86.16% → 91.59% (+5.4%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

4% less funds holding

Funds holding: 183 → 176 (-7)

28% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 25

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $29K

Holders
176
Holders Change
-7
Holders Change %
-3.83%
% of All Funds
4.39%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
18
Increased
82
Reduced
50
Closed
25
Calls
–
Puts
$29K
Net Calls
-$29K
Net Calls Change
+$78K

Top Buyers

1
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$14.2M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$14M
3
BlackRock
BlackRock
New York
+$9.66M
4
FCM
Frontier Capital Management
Massachusetts
+$9.16M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$8.76M

Top Sellers

1
EC
EJF Capital
Virginia
-$8.47M
2
Millennium Management
Millennium Management
New York
-$6.14M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$4.5M
4
MWNA
Marshall Wace North America
New York
-$3.65M
5
Two Sigma Investments
Two Sigma Investments
New York
-$3.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
THLTP
1
Thomas H. Lee (THL) Partners
Massachusetts
$116M – – –
OCM
2
Oaktree Capital Management
California
$116M – – –
BlackRock
3
BlackRock
New York
$112M +$9.66M +1,721,947 +10%
Vanguard Group
4
Vanguard Group
Pennsylvania
$90.4M +$5.76M +1,027,469 +7%
Wellington Management Group
5
Wellington Management Group
Massachusetts
$63.2M +$14M +2,496,868 +30%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$62.8M +$8.76M +1,562,989 +17%
FCM
7
Frontier Capital Management
Massachusetts
$55.1M +$9.16M +1,634,175 +21%
Fidelity Investments
8
Fidelity Investments
Massachusetts
$45.8M +$4.03M +718,217 +10%
State Street
9
State Street
Massachusetts
$34.7M +$921K +164,323 +3%
JP Morgan Chase
10
JP Morgan Chase
New York
$32.8M -$2.62M -466,569 -8%
Hotchkis & Wiley Capital Management
11
Hotchkis & Wiley Capital Management
California
$30.5M -$151K -26,846 -0.5%
Millennium Management
12
Millennium Management
New York
$26M -$6.14M -1,095,648 -20%
AQR Capital Management
13
AQR Capital Management
Connecticut
$22.6M +$1.98M +353,430 +10%
Bank of New York Mellon
14
Bank of New York Mellon
New York
$20.2M -$496K -88,380 -2%
Norges Bank
15
Norges Bank
Norway
$20.1M +$4.32M +769,714 +28%
SCA
16
Stieven Capital Advisors
Missouri
$16.2M -$30.8K -5,500 -0.2%
Thrivent Financial for Lutherans
17
Thrivent Financial for Lutherans
Minnesota
$15.2M +$14.2M +2,532,413 +2,806%
Geode Capital Management
18
Geode Capital Management
Massachusetts
$14.4M -$84.7K -15,098 -0.6%
D.E. Shaw & Co
19
D.E. Shaw & Co
New York
$12.7M +$8.91K +1,589 +0.1%
TA
20
Teachers Advisors
New York
$11.7M +$7.64M +1,362,726 +206%
Charles Schwab
21
Charles Schwab
California
$11.4M +$450K +80,179 +4%
Point72 Asset Management
22
Point72 Asset Management
Connecticut
$11.1M -$1.77M -316,070 -14%
Northern Trust
23
Northern Trust
Illinois
$10.9M +$2.35M +418,248 +29%
Prudential Financial
24
Prudential Financial
New Jersey
$8.83M +$1.3M +231,860 +18%
TCIM
25
TIAA CREF Investment Management
New York
$8.09M +$1.18M +211,246 +18%
1
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FBP Hedge Fund Activity: Q2 2017 in Review

176 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q2 2017, worth a combined $1.16B — up 9.4% from $1.06B a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of FBP and 18 opened new positions — a net loss of 7 holders — while 50 trimmed existing stakes and 82 added.

The largest buyer was Thrivent Financial for Lutherans, adding an estimated $14.2M. The largest seller was EJF Capital, exiting entirely with an estimated $8.47M sold.

  • 176 institutional investors held First Bancorp (FBP) as of Q2 2017, down from 183 in Q1 2017.
  • Funds reported $1.16B of First Bancorp stock for Q2 2017, up 9.4% quarter-over-quarter.
  • 18 funds opened new First Bancorp positions in Q2 2017 and 25 closed out, a net change of -7 holders.
  • The largest First Bancorp buyer in Q2 2017 was Thrivent Financial for Lutherans, an estimated $14.2M added.
  • The largest First Bancorp seller in Q2 2017 was EJF Capital, an estimated $8.47M sold.

Based on aggregated 13F filings for Q2 2017.