First Bancorp
263 hedge funds and large institutions have $2.02B invested in First Bancorp in 2022 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 65 increasing their positions, 120 reducing their positions, and 16 closing their positions.
1,764% more call options, than puts
Call options by funds: $2.65M | Put options by funds: $142K
119% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 16
6% more funds holding
Funds holding: 247 → 263 (+16)
7.66% less ownership
Funds ownership: 93.79% → 86.12% (-7.7%)
16% less capital invested
Capital invested by funds: $2.41B → $2.02B (-$390M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
46% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 120
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$25.6M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$18.6M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$4.43M |
| 4 |
Goldman Sachs
New York
|
+$3.84M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$3.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$17.6M |
| 2 |
Millennium Management
New York
|
-$11.1M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$9.47M |
| 4 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$8.82M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$7.97M |
FBP Hedge Fund Activity: Q4 2022 in Review
263 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q4 2022, worth a combined $2.02B — down 16% from $2.41B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new FBP positions and 16 closed out — a net gain of 19 holders — while 65 added to existing stakes and 120 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $25.6M. The largest seller was State Street, cutting an estimated $17.6M.
- 263 institutional investors held First Bancorp (FBP) as of Q4 2022, up from 247 in Q3 2022.
- Funds reported $2.02B of First Bancorp stock for Q4 2022, down 16% quarter-over-quarter.
- 35 funds opened new First Bancorp positions in Q4 2022 and 16 closed out, a net change of +19 holders.
- The largest First Bancorp buyer in Q4 2022 was Citadel Advisors, an estimated $25.6M added.
- The largest First Bancorp seller in Q4 2022 was State Street, an estimated $17.6M sold.
Based on aggregated 13F filings for Q4 2022.