First Bancorp
214 hedge funds and large institutions have $2.02B invested in First Bancorp in 2023 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 68 increasing their positions, 89 reducing their positions, and 31 closing their positions.
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: 3 → 4 (+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: 230 → 214 (-16)
24% less repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 89
52% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$39M |
| 2 |
JP Morgan Chase
New York
|
+$16.3M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$11.5M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$5.92M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$4.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
-$16.6M |
| 2 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$12.3M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$11.2M |
| 4 |
BlackRock
New York
|
-$9.52M |
| 5 |
New York State Common Retirement Fund
Albany,
New York
|
-$9.06M |
FBP Hedge Fund Activity: Q2 2023 in Review
214 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q2 2023, worth a combined $2.02B — up 6.5% from $1.9B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of FBP and 15 opened new positions — a net loss of 16 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.
- 214 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 6.5% quarter-over-quarter.
- 15 funds opened new First Bancorp positions in Q2 2023 and 31 closed out, a net change of -16 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.