First Bancorp
240 hedge funds and large institutions have $2.73B invested in First Bancorp in 2024 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 72 increasing their positions, 111 reducing their positions, and 27 closing their positions.
5% more capital invested
Capital invested by funds: $2.59B → $2.73B (+$141M)
1.86% more ownership
Funds ownership: 91.13% → 92.99% (+1.9%)
1% less call options, than puts
Call options by funds: $906K | Put options by funds: $915K
7% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 27
2% less funds holding
Funds holding: 244 → 240 (-4)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
35% less repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 111
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$19.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$17.5M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$17.1M |
| 4 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
+$15.8M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$17.5M |
| 2 |
BlackRock
New York
|
-$11.1M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$9.52M |
| 4 |
Millennium Management
New York
|
-$9.19M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$8.6M |
FBP Hedge Fund Activity: Q1 2024 in Review
240 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FBP) for Q1 2024, worth a combined $2.73B — up 5.4% from $2.59B a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of FBP and 25 opened new positions — a net loss of 2 holders — while 111 trimmed existing stakes and 72 added.
The largest buyer was Arrowstreet Capital, adding an estimated $19.9M. The largest seller was JP Morgan Chase, cutting an estimated $17.5M.
- 240 institutional investors held First Bancorp (FBP) as of Q1 2024, down from 244 in Q4 2023.
- Funds reported $2.73B of First Bancorp stock for Q1 2024, up 5.4% quarter-over-quarter.
- 25 funds opened new First Bancorp positions in Q1 2024 and 27 closed out, a net change of -2 holders.
- The largest First Bancorp buyer in Q1 2024 was Arrowstreet Capital, an estimated $19.9M added.
- The largest First Bancorp seller in Q1 2024 was JP Morgan Chase, an estimated $17.5M sold.
Based on aggregated 13F filings for Q1 2024.