First Bancorp
216 hedge funds and large institutions have $2.26B invested in First Bancorp in 2019 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 81 increasing their positions, 66 reducing their positions, and 29 closing their positions.
607% more call options, than puts
Call options by funds: $4.83M | Put options by funds: $684K
32% more capital invested
Capital invested by funds: $1.71B → $2.26B (+$550M)
23% more repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 66
10% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 29
1% more funds holding
Funds holding: 213 → 216 (+3)
0.57% less ownership
Funds ownership: 91.51% → 90.94% (-0.57%)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$39.8M |
| 2 |
APG Asset Management
Amsterdam,
Netherlands
|
+$20.5M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$10.3M |
| 4 |
ACL
Azora Capital LP
Miami,
Florida
|
+$7.71M |
| 5 |
Man Group
London,
United Kingdom
|
+$6.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
-$17.2M |
| 2 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$14.7M |
| 3 |
Millennium Management
New York
|
-$14.2M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$13.3M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$10.2M |
FBP Hedge Fund Activity: Q1 2019 in Review
216 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q1 2019, worth a combined $2.26B — up 32% from $1.71B a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new FBP positions and 29 closed out — a net gain of 3 holders — while 81 added to existing stakes and 66 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $39.8M. The largest seller was Philadelphia Financial Management of San Francisco, cutting an estimated $17.2M.
- 216 institutional investors held First Bancorp (FBP) as of Q1 2019, up from 213 in Q4 2018.
- Funds reported $2.26B of First Bancorp stock for Q1 2019, up 32% quarter-over-quarter.
- 32 funds opened new First Bancorp positions in Q1 2019 and 29 closed out, a net change of +3 holders.
- The largest First Bancorp buyer in Q1 2019 was Fidelity Investments, an estimated $39.8M added.
- The largest First Bancorp seller in Q1 2019 was Philadelphia Financial Management of San Francisco, an estimated $17.2M sold.
Based on aggregated 13F filings for Q1 2019.