First Commonwealth Financial
135 hedge funds and large institutions have $500M invested in First Commonwealth Financial in 2014 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 37 increasing their positions, 47 reducing their positions, and 10 closing their positions.
90% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 10
10% more capital invested
Capital invested by funds: $455M → $500M (+$44.8M)
5% more funds holding
Funds holding: 128 → 135 (+7)
1.13% more ownership
Funds ownership: 58.02% → 59.15% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
21% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 47
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$23M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$6.84M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$4.21M |
| 4 |
Millennium Management
New York
|
+$1.27M |
| 5 |
Charles Schwab
San Francisco,
California
|
+$1.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FNB
First Niagara Bank
Lockport,
New York
|
-$7.79M |
| 2 |
State Street
Boston,
Massachusetts
|
-$2.47M |
| 3 |
SCM
Stevens Capital Management
Radnor,
Pennsylvania
|
-$2.37M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$2.17M |
| 5 |
Morgan Stanley
New York
|
-$1.23M |
FCF Hedge Fund Activity: Q4 2014 in Review
135 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in First Commonwealth Financial (FCF) for Q4 2014, worth a combined $500M — up 9.8% from $455M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new FCF positions and 10 closed out — a net gain of 9 holders — while 37 added to existing stakes and 47 trimmed.
The largest buyer was Victory Capital Management, opening a new position worth an estimated $23M. The largest seller was First Niagara Bank, cutting an estimated $7.79M.
- 135 institutional investors held First Commonwealth Financial (FCF) as of Q4 2014, up from 128 in Q3 2014.
- Funds reported $500M of First Commonwealth Financial stock for Q4 2014, up 9.8% quarter-over-quarter.
- 19 funds opened new First Commonwealth Financial positions in Q4 2014 and 10 closed out, a net change of +9 holders.
- The largest First Commonwealth Financial buyer in Q4 2014 was Victory Capital Management, an estimated $23M added.
- The largest First Commonwealth Financial seller in Q4 2014 was First Niagara Bank, an estimated $7.79M sold.
Based on aggregated 13F filings for Q4 2014.