First Commonwealth Financial
199 hedge funds and large institutions have $889M invested in First Commonwealth Financial in 2023 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 84 increasing their positions, 56 reducing their positions, and 30 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 56
5% more capital invested
Capital invested by funds: $851M → $889M (+$38.9M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.82% less ownership
Funds ownership: 72.22% → 69.41% (-2.8%)
3% less funds holding
Funds holding: 205 → 199 (-6)
13% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 30
67% less call options, than puts
Call options by funds: $93K | Put options by funds: $281K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$20.7M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$19.2M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$9.13M |
| 4 |
State Street
Boston,
Massachusetts
|
+$8.01M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$6.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$16M |
| 2 |
Millennium Management
New York
|
-$10.4M |
| 3 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$3.8M |
| 4 |
JP Morgan Chase
New York
|
-$3.24M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$2.99M |
FCF Hedge Fund Activity: Q1 2023 in Review
199 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Commonwealth Financial (FCF) for Q1 2023, worth a combined $889M — up 4.6% from $851M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of FCF and 26 opened new positions — a net loss of 4 holders — while 56 trimmed existing stakes and 84 added.
The largest buyer was BlackRock, adding an estimated $20.7M. The largest seller was Goldman Sachs, cutting an estimated $16M.
- 199 institutional investors held First Commonwealth Financial (FCF) as of Q1 2023, down from 205 in Q4 2022.
- Funds reported $889M of First Commonwealth Financial stock for Q1 2023, up 4.6% quarter-over-quarter.
- 26 funds opened new First Commonwealth Financial positions in Q1 2023 and 30 closed out, a net change of -4 holders.
- The largest First Commonwealth Financial buyer in Q1 2023 was BlackRock, an estimated $20.7M added.
- The largest First Commonwealth Financial seller in Q1 2023 was Goldman Sachs, an estimated $16M sold.
Based on aggregated 13F filings for Q1 2023.