First Bancorp
247 hedge funds and large institutions have $2.41B invested in First Bancorp in 2022 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 65 increasing their positions, 109 reducing their positions, and 21 closing their positions.
4,500% more call options, than puts
Call options by funds: $46K | Put options by funds: $1K
48% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 21
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
3% more funds holding
Funds holding: 240 → 247 (+7)
2.88% more ownership
Funds ownership: 90.94% → 93.82% (+2.9%)
3% more capital invested
Capital invested by funds: $2.34B → $2.41B (+$76.2M)
40% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 109
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$24.1M |
| 2 |
Millennium Management
New York
|
+$21.3M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$11M |
| 4 |
Man Group
London,
United Kingdom
|
+$8.29M |
| 5 |
Axa
Paris,
France
|
+$3.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$17.3M |
| 2 |
BlackRock
New York
|
-$16.7M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$11.2M |
| 4 |
State Street
Boston,
Massachusetts
|
-$11.1M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$9.93M |
FBP Hedge Fund Activity: Q3 2022 in Review
247 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q3 2022, worth a combined $2.41B — up 3.3% from $2.34B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new FBP positions and 21 closed out — a net gain of 10 holders — while 65 added to existing stakes and 109 trimmed.
The largest buyer was Bank of America, adding an estimated $24.1M. The largest seller was Hotchkis & Wiley Capital Management, cutting an estimated $17.3M.
- 247 institutional investors held First Bancorp (FBP) as of Q3 2022, up from 240 in Q2 2022.
- Funds reported $2.41B of First Bancorp stock for Q3 2022, up 3.3% quarter-over-quarter.
- 31 funds opened new First Bancorp positions in Q3 2022 and 21 closed out, a net change of +10 holders.
- The largest First Bancorp buyer in Q3 2022 was Bank of America, an estimated $24.1M added.
- The largest First Bancorp seller in Q3 2022 was Hotchkis & Wiley Capital Management, an estimated $17.3M sold.
Based on aggregated 13F filings for Q3 2022.