First Citizens BancShares
FCNCA
470 hedge funds and large institutions have $11.7B invested in First Citizens BancShares in 2023 Q2 according to their latest regulatory filings, with 112 funds opening new positions, 122 increasing their positions, 164 reducing their positions, and 52 closing their positions.
115% more first-time investments, than exits
New positions opened: 112 | Existing positions closed: 52
28% more capital invested
Capital invested by funds: $9.13B → $11.7B (+$2.54B)
15% more funds holding
Funds holding: 410 → 470 (+60)
9% more funds holding in top 10
Funds holding in top 10: 23 → 25 (+2)
3.06% less ownership
Funds ownership: 70.47% → 67.41% (-3.1%)
26% less repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 164
28% less call options, than puts
Call options by funds: $117M | Put options by funds: $162M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
MFN Partners
Boston,
Massachusetts
|
+$231M |
| 2 |
Coatue Management
New York
|
+$222M |
| 3 |
Harris Associates
Chicago,
Illinois
|
+$221M |
| 4 |
D.E. Shaw & Co
New York
|
+$76.5M |
| 5 |
Jane Street
New York
|
+$67.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
-$316M |
| 2 |
BlackRock
New York
|
-$253M |
| 3 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$172M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$156M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$124M |
FCNCA Hedge Fund Activity: Q2 2023 in Review
470 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in First Citizens BancShares (FCNCA) for Q2 2023, worth a combined $11.7B — up 28% from $9.13B a quarter earlier.
Buyers outnumbered sellers: 112 funds opened new FCNCA positions and 52 closed out — a net gain of 60 holders — while 122 added to existing stakes and 164 trimmed.
The largest buyer was MFN Partners, opening a new position worth an estimated $231M. The largest seller was Egerton Capital (UK), cutting an estimated $316M.
- 470 institutional investors held First Citizens BancShares (FCNCA) as of Q2 2023, up from 410 in Q1 2023.
- Funds reported $11.7B of First Citizens BancShares stock for Q2 2023, up 28% quarter-over-quarter.
- 112 funds opened new First Citizens BancShares positions in Q2 2023 and 52 closed out, a net change of +60 holders.
- The largest First Citizens BancShares buyer in Q2 2023 was MFN Partners, an estimated $231M added.
- The largest First Citizens BancShares seller in Q2 2023 was Egerton Capital (UK), an estimated $316M sold.
Based on aggregated 13F filings for Q2 2023.