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First Bancorp

215 hedge funds and large institutions have $2.02B invested in First Bancorp in 2023 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 68 increasing their positions, 89 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

220% more call options, than puts

Call options by funds: $16K | Put options by funds: $5K

33% more funds holding in top 10

Funds holding in top 10: 34 (+1)

7% more capital invested

Capital invested by funds: $1.9B → $2.02B (+$124M)

0.13% more ownership

Funds ownership: 91.96%92.09% (+0.13%)

7% less funds holding

Funds holding: 230215 (-15)

24% less repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 89

48% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 31

Holders
215
Holders Change
-15
Holders Change %
-6.52%
% of All Funds
3.38%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.06%
New
16
Increased
68
Reduced
89
Closed
31
Calls
$16K
Puts
$5K
Net Calls
+$11K
Net Calls Change
-$108K
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$318M -$9.52M -817,465 -3%
Vanguard Group
2
Vanguard Group
Pennsylvania
$279M -$7.3M -627,220 -3%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$144M +$39M +3,351,764 +40%
AllianceBernstein
4
AllianceBernstein
Tennessee
$136M -$4.76M -408,507 -4%
American Century Companies
5
American Century Companies
Missouri
$133M +$5.92M +508,140 +5%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$131M -$16.6M -1,428,631 -12%
State Street
7
State Street
Massachusetts
$111M -$5.47M -469,857 -5%
Bank of New York Mellon
8
Bank of New York Mellon
New York
$51.4M -$1.84M -158,344 -4%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$42.7M +$631K +54,223 +2%
FCM
10
Frontier Capital Management
Massachusetts
$37.2M -$527K -45,230 -1%
JP Morgan Chase
11
JP Morgan Chase
New York
$37M +$16.3M +1,402,356 +86%
Northern Trust
12
Northern Trust
Illinois
$34.2M +$201K +17,274 +0.6%
Citadel Advisors
13
Citadel Advisors
Florida
$30.7M +$11.5M +992,107 +65%
Morgan Stanley
14
Morgan Stanley
New York
$30.6M +$1.55M +133,470 +6%
Charles Schwab
15
Charles Schwab
California
$24.8M +$1.78M +152,675 +8%
Lord, Abbett & Co
16
Lord, Abbett & Co
New Jersey
$24.3M -$4.54M -389,956 -16%
Goldman Sachs
17
Goldman Sachs
New York
$23.7M +$2.42M +207,605 +12%
Norges Bank
18
Norges Bank
Norway
$23.3M
Schroder Investment Management Group
19
Schroder Investment Management Group
United Kingdom
$20.4M +$948K +81,470 +5%
Victory Capital Management
20
Victory Capital Management
Texas
$19.7M +$4.16M +357,669 +29%
First Trust Advisors
21
First Trust Advisors
Illinois
$19.7M +$2.55M +219,427 +16%
Ameriprise
22
Ameriprise
Minnesota
$16.3M -$11.2M -965,947 -42%
SEI Investments
23
SEI Investments
Pennsylvania
$13.7M +$732K +62,858 +6%
LSV Asset Management
24
LSV Asset Management
Illinois
$13.2M +$1.85M +159,000 +17%
Principal Financial Group
25
Principal Financial Group
Iowa
$13M -$1.46M -125,790 -11%

FBP Hedge Fund Activity: Q2 2023 in Review

215 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q2 2023, worth a combined $2.02B — up 6.6% from $1.9B a quarter earlier.

Sellers outnumbered buyers: 31 funds closed out of FBP and 16 opened new positions — a net loss of 15 holders — while 89 trimmed existing stakes and 68 added.

The largest buyer was Fidelity Investments, adding an estimated $39M. The largest seller was Dimensional Fund Advisors, cutting an estimated $16.6M.

  • 215 institutional investors held First Bancorp (FBP) as of Q2 2023, down from 230 in Q1 2023.
  • Funds reported $2.02B of First Bancorp stock for Q2 2023, up 6.6% quarter-over-quarter.
  • 16 funds opened new First Bancorp positions in Q2 2023 and 31 closed out, a net change of -15 holders.
  • The largest First Bancorp buyer in Q2 2023 was Fidelity Investments, an estimated $39M added.
  • The largest First Bancorp seller in Q2 2023 was Dimensional Fund Advisors, an estimated $16.6M sold.

Based on aggregated 13F filings for Q2 2023.