First Commonwealth Financial
174 hedge funds and large institutions have $1.17B invested in First Commonwealth Financial in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 61 increasing their positions, 60 reducing their positions, and 25 closing their positions.
113% more call options, than puts
Call options by funds: $115K | Put options by funds: $54K
32% more capital invested
Capital invested by funds: $883M → $1.17B (+$286M)
3.54% more ownership
Funds ownership: 70.62% → 74.16% (+3.5%)
2% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 60
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 185 → 174 (-11)
40% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$21.9M |
| 2 |
Morgan Stanley
New York
|
+$21.2M |
| 3 |
State Street
Boston,
Massachusetts
|
+$3.81M |
| 4 |
JP Morgan Chase
New York
|
+$3.6M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$2.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$2.5M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$2.48M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$2.09M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$2.07M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$1.83M |
FCF Hedge Fund Activity: Q4 2023 in Review
174 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Commonwealth Financial (FCF) for Q4 2023, worth a combined $1.17B — up 32% from $883M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of FCF and 15 opened new positions — a net loss of 10 holders — while 60 trimmed existing stakes and 61 added.
The largest buyer was Franklin Resources, adding an estimated $21.9M. The largest seller was Bank of New York Mellon, cutting an estimated $2.5M.
- 174 institutional investors held First Commonwealth Financial (FCF) as of Q4 2023, down from 185 in Q3 2023.
- Funds reported $1.17B of First Commonwealth Financial stock for Q4 2023, up 32% quarter-over-quarter.
- 15 funds opened new First Commonwealth Financial positions in Q4 2023 and 25 closed out, a net change of -10 holders.
- The largest First Commonwealth Financial buyer in Q4 2023 was Franklin Resources, an estimated $21.9M added.
- The largest First Commonwealth Financial seller in Q4 2023 was Bank of New York Mellon, an estimated $2.5M sold.
Based on aggregated 13F filings for Q4 2023.