First Commonwealth Financial
159 hedge funds and large institutions have $641M invested in First Commonwealth Financial in 2020 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 57 increasing their positions, 55 reducing their positions, and 28 closing their positions.
2.25% more ownership
Funds ownership: 69.16% → 71.4% (+2.2%)
4% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 55
8% less funds holding
Funds holding: 173 → 159 (-14)
35% less capital invested
Capital invested by funds: $987M → $641M (-$346M)
43% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 28
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$26.3M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.3M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$3.37M |
| 4 |
State Street
Boston,
Massachusetts
|
+$2.4M |
| 5 |
JP Morgan Chase
New York
|
+$1.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
-$3.69M |
| 2 |
Morgan Stanley
New York
|
-$2.8M |
| 3 |
PI
PineBridge Investments
New York
|
-$1.83M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$1.57M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$1.38M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PA
176
Profund Advisors
Bethesda,
Maryland
| – | -$149K | -10,287 | Closed |
|
177
AQR Capital Management
Greenwich,
Connecticut
| – | -$146K | -10,067 | Closed |
|
|
IUHSA
178
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
| – | -$85K | -5,849 | Closed |
|
|
ASN
179
Advisory Services Network
Atlanta,
Georgia
| – | -$9.59K | -775 | Closed |
|
|
LC
180
Lindbrook Capital
Calabasas,
California
| – | -$7K | -459 | Closed |
|
|
S
181
SignatureFD
Atlanta,
Georgia
| – | -$6K | -419 | Closed |
|
|
HGWM
182
Harvest Group Wealth Management
Waltham,
Massachusetts
| – | -$3K | -264 | Closed |
|
|
PFBT
183
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| – | -$2.6K | -210 | -85% |
|
|
AIM
184
Aigen Investment Management
New York
| – | -$2K | -155 | Closed |
|
|
JWA
185
JFS Wealth Advisors
Hermitage,
Pennsylvania
| – | -$2K | -150 | Closed |
|
FCF Hedge Fund Activity: Q1 2020 in Review
159 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Commonwealth Financial (FCF) for Q1 2020, worth a combined $641M — down 35% from $987M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of FCF and 16 opened new positions — a net loss of 12 holders — while 55 trimmed existing stakes and 57 added.
The largest buyer was Victory Capital Management, adding an estimated $26.3M. The largest seller was Acadian Asset Management, exiting entirely with an estimated $3.69M sold.
- 159 institutional investors held First Commonwealth Financial (FCF) as of Q1 2020, down from 173 in Q4 2019.
- Funds reported $641M of First Commonwealth Financial stock for Q1 2020, down 35% quarter-over-quarter.
- 16 funds opened new First Commonwealth Financial positions in Q1 2020 and 28 closed out, a net change of -12 holders.
- The largest First Commonwealth Financial buyer in Q1 2020 was Victory Capital Management, an estimated $26.3M added.
- The largest First Commonwealth Financial seller in Q1 2020 was Acadian Asset Management, an estimated $3.69M sold.
Based on aggregated 13F filings for Q1 2020.