First Commonwealth Financial
178 hedge funds and large institutions have $503M invested in First Commonwealth Financial in 2020 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 58 increasing their positions, 56 reducing their positions, and 14 closing their positions.
129% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 14
11% more funds holding
Funds holding: 160 → 178 (+18)
4% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 56
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.3% less ownership
Funds ownership: 70.3% → 67% (-3.3%)
12% less capital invested
Capital invested by funds: $570M → $503M (-$67M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $335K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.22M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$1.72M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$1.29M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.17M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$10.4M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$9.76M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$4.53M |
| 4 |
Nordea Investment Management
Stockholm,
Sweden
|
-$2.4M |
| 5 |
JP Morgan Chase
New York
|
-$2.05M |
FCF Hedge Fund Activity: Q3 2020 in Review
178 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Commonwealth Financial (FCF) for Q3 2020, worth a combined $503M — down 12% from $570M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new FCF positions and 14 closed out — a net gain of 18 holders — while 58 added to existing stakes and 56 trimmed.
The largest buyer was Arrowstreet Capital, adding an estimated $2.22M. The largest seller was Victory Capital Management, cutting an estimated $10.4M.
- 178 institutional investors held First Commonwealth Financial (FCF) as of Q3 2020, up from 160 in Q2 2020.
- Funds reported $503M of First Commonwealth Financial stock for Q3 2020, down 12% quarter-over-quarter.
- 32 funds opened new First Commonwealth Financial positions in Q3 2020 and 14 closed out, a net change of +18 holders.
- The largest First Commonwealth Financial buyer in Q3 2020 was Arrowstreet Capital, an estimated $2.22M added.
- The largest First Commonwealth Financial seller in Q3 2020 was Victory Capital Management, an estimated $10.4M sold.
Based on aggregated 13F filings for Q3 2020.