First Commonwealth Financial
127 hedge funds and large institutions have $453M invested in First Commonwealth Financial in 2014 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 36 increasing their positions, 48 reducing their positions, and 11 closing their positions.
27% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 11
2% more funds holding
Funds holding: 124 → 127 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.31% less ownership
Funds ownership: 61.33% → 58.02% (-3.3%)
15% less capital invested
Capital invested by funds: $532M → $453M (-$78.9M)
25% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 48
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$6.52M |
| 2 |
SCM
Stevens Capital Management
Radnor,
Pennsylvania
|
+$2.5M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.63M |
| 4 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
+$1.44M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
-$16M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$12.5M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$8.63M |
| 4 |
State Street
Boston,
Massachusetts
|
-$3.66M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$1.41M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PIA
126
Piedmont Investment Advisors
Durham,
North Carolina
| $2.3K | – | – | – |
|
127
Federated Hermes
Pittsburgh,
Pennsylvania
| $1K | -$113K | -12,730 | -100% |
|
|
TSW
128
Thompson Siegel & Walmsley
Richmond,
Virginia
| – | -$16M | -1,738,540 | Closed |
|
|
MC
129
Menta Capital
San Francisco,
California
| – | -$360K | -39,000 | Closed |
|
|
TC
130
TFS Capital
West Chester,
Pennsylvania
| – | -$296K | -32,128 | Closed |
|
|
PP
131
Paloma Partners
Greenwich,
Connecticut
| – | -$267K | -28,931 | Closed |
|
132
Jane Street
New York
| – | -$174K | -18,921 | Closed |
|
|
ARC
133
Absolute Return Capital
Boston,
Massachusetts
| – | -$144K | -15,599 | Closed |
|
134
Two Sigma Advisers
New York
| – | -$105K | -11,404 | Closed |
|
|
NI
135
Numeric Investors
Boston,
Massachusetts
| – | -$92K | -10,000 | Closed |
|
|
VFA
136
Virtus Fund Advisers
Hartford,
Connecticut
| – | -$74K | -8,025 | Closed |
|
|
CFA
137
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$8K | -875 | Closed |
|
|
OIA
138
Optimum Investment Advisors
Chicago,
Illinois
| – | -$1K | -100 | Closed |
|
FCF Hedge Fund Activity: Q3 2014 in Review
127 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in First Commonwealth Financial (FCF) for Q3 2014, worth a combined $453M — down 15% from $532M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FCF positions and 11 closed out — a net gain of 3 holders — while 36 added to existing stakes and 48 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $6.52M. The largest seller was Thompson Siegel & Walmsley, exiting entirely with an estimated $16M sold.
- 127 institutional investors held First Commonwealth Financial (FCF) as of Q3 2014, up from 124 in Q2 2014.
- Funds reported $453M of First Commonwealth Financial stock for Q3 2014, down 15% quarter-over-quarter.
- 14 funds opened new First Commonwealth Financial positions in Q3 2014 and 11 closed out, a net change of +3 holders.
- The largest First Commonwealth Financial buyer in Q3 2014 was Fidelity Investments, an estimated $6.52M added.
- The largest First Commonwealth Financial seller in Q3 2014 was Thompson Siegel & Walmsley, an estimated $16M sold.
Based on aggregated 13F filings for Q3 2014.