First Bancorp
207 hedge funds and large institutions have $1.11B invested in First Bancorp in 2020 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 79 increasing their positions, 72 reducing their positions, and 19 closing their positions.
32% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 19
2% more funds holding
Funds holding: 202 → 207 (+5)
10% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 72
3% more capital invested
Capital invested by funds: $1.08B → $1.11B (+$36.3M)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
1.85% less ownership
Funds ownership: 93.09% → 91.25% (-1.8%)
67% less call options, than puts
Call options by funds: $317K | Put options by funds: $970K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFS
Mirabella Financial Services
London,
United Kingdom
|
+$27.2M |
| 2 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
+$7.05M |
| 3 |
D.E. Shaw & Co
New York
|
+$3.8M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$3.77M |
| 5 |
State Street
Boston,
Massachusetts
|
+$3.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
-$17.8M |
| 2 |
Millennium Management
New York
|
-$10.3M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$9.98M |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$7.12M |
| 5 |
Goldman Sachs
New York
|
-$5.38M |
FBP Hedge Fund Activity: Q2 2020 in Review
207 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q2 2020, worth a combined $1.11B — up 3.4% from $1.08B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new FBP positions and 19 closed out — a net gain of 6 holders — while 79 added to existing stakes and 72 trimmed.
The largest buyer was Mirabella Financial Services, adding an estimated $27.2M. The largest seller was EJF Capital, exiting entirely with an estimated $17.8M sold.
- 207 institutional investors held First Bancorp (FBP) as of Q2 2020, up from 202 in Q1 2020.
- Funds reported $1.11B of First Bancorp stock for Q2 2020, up 3.4% quarter-over-quarter.
- 25 funds opened new First Bancorp positions in Q2 2020 and 19 closed out, a net change of +6 holders.
- The largest First Bancorp buyer in Q2 2020 was Mirabella Financial Services, an estimated $27.2M added.
- The largest First Bancorp seller in Q2 2020 was EJF Capital, an estimated $17.8M sold.
Based on aggregated 13F filings for Q2 2020.