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First Citizens BancShares
FCNCA

125 hedge funds and large institutions have $998M invested in First Citizens BancShares in 2013 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 57 increasing their positions, 34 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

68% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 34

7% more capital invested

Capital invested by funds: $932M → $998M (+$65.9M)

5% less funds holding

Funds holding: 131 → 125 (-6)

27% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 15

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
125
Holders Change
-6
Holders Change %
-4.58%
% of All Funds
4.05%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.03%
New
11
Increased
57
Reduced
34
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
HCM
Huber Capital Management
California
+$10.2M
2
BIT
BlackRock Institutional Trust
California
+$7.19M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$4.81M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$4.76M
5
Goldman Sachs
Goldman Sachs
New York
+$3.48M

Top Sellers

1
CCP
Cyrus Capital Partners
New York
-$14.2M
2
BC
BHR Capital
New York
-$9.6M
3
BMCMI
Bryn Mawr Capital Management Inc
Pennsylvania
-$7.36M
4
SCM
Sterling Capital Management
North Carolina
-$4.35M
5
Wells Fargo
Wells Fargo
California
-$3.09M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$175M +$4.81M +23,358 +3%
Wellington Management Group
2
Wellington Management Group
Massachusetts
$172M -$65.8K -320 -0%
Bank of America
3
Bank of America
North Carolina
$72.1M -$1.92M -9,325 -3%
Vanguard Group
4
Vanguard Group
Pennsylvania
$62.2M +$4.76M +23,161 +8%
BIT
5
BlackRock Institutional Trust
California
$43.9M +$7.19M +34,943 +20%
Wells Fargo
6
Wells Fargo
California
$43.1M -$3.09M -15,024 -7%
Canada Life
7
Canada Life
Manitoba, Canada
$37.2M +$242K +1,175 +0.7%
Dimensional Fund Advisors
8
Dimensional Fund Advisors
Texas
$33.4M +$795K +3,865 +2%
RA
9
Royce & Associates
New York
$27.7M -$411K -2,000 -1%
HCM
10
Huber Capital Management
California
$27.7M +$10.2M +49,754 +59%
MCM
11
Maltese Capital Management
New York
$22.8M +$1.65M +8,000 +8%
SFM
12
Systematic Financial Management
New Jersey
$20.5M +$411K +1,996 +2%
State Street
13
State Street
Massachusetts
$15.5M +$368K +1,787 +2%
Boston Partners
14
Boston Partners
Massachusetts
$14.7M -$206K -1,002 -1%
Ameriprise
15
Ameriprise
Minnesota
$14.4M +$108K +524 +0.8%
RRAM
16
River Road Asset Management
Kentucky
$13.5M -$960K -4,667 -7%
BMCMI
17
Bryn Mawr Capital Management Inc
Pennsylvania
$13.3M -$7.36M -35,769 -36%
Norges Bank
18
Norges Bank
Norway
$12.4M – – –
BFA
19
BlackRock Fund Advisors
California
$11.4M +$413K +2,007 +4%
NI
20
Numeric Investors
Massachusetts
$9.95M +$1.73M +8,390 +21%
SCM
21
Sterling Capital Management
North Carolina
$8.42M -$4.35M -21,122 -34%
Brown Advisory
22
Brown Advisory
Maryland
$8.37M – – –
Renaissance Technologies
23
Renaissance Technologies
New York
$7.62M +$222K +1,081 +3%
Northern Trust
24
Northern Trust
Illinois
$7.26M +$1M +4,874 +16%
Geode Capital Management
25
Geode Capital Management
Massachusetts
$7.17M +$1.57M +7,622 +28%
1
2 3 4 5

FCNCA Hedge Fund Activity: Q3 2013 in Review

125 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in First Citizens BancShares (FCNCA) for Q3 2013, worth a combined $998M — up 7.1% from $932M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of FCNCA and 11 opened new positions — a net loss of 4 holders — while 34 trimmed existing stakes and 57 added.

The largest buyer was Huber Capital Management, adding an estimated $10.2M. The largest seller was Cyrus Capital Partners, exiting entirely with an estimated $14.2M sold.

  • 125 institutional investors held First Citizens BancShares (FCNCA) as of Q3 2013, down from 131 in Q2 2013.
  • Funds reported $998M of First Citizens BancShares stock for Q3 2013, up 7.1% quarter-over-quarter.
  • 11 funds opened new First Citizens BancShares positions in Q3 2013 and 15 closed out, a net change of -4 holders.
  • The largest First Citizens BancShares buyer in Q3 2013 was Huber Capital Management, an estimated $10.2M added.
  • The largest First Citizens BancShares seller in Q3 2013 was Cyrus Capital Partners, an estimated $14.2M sold.

Based on aggregated 13F filings for Q3 2013.