First Financial Bancorp
FFBC
150 hedge funds and large institutions have $781M invested in First Financial Bancorp in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 49 increasing their positions, 56 reducing their positions, and 10 closing their positions.
5% more capital invested
Capital invested by funds: $744M → $781M (+$37.2M)
1% less funds holding
Funds holding: 151 → 150 (-1)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
13% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 56
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
+$7.06M |
| 2 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
+$6.53M |
| 3 |
State Street
Boston,
Massachusetts
|
+$4.45M |
| 4 |
Millennium Management
New York
|
+$3.85M |
| 5 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$3.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jacobs Asset Management
New York
|
-$8.28M |
| 2 |
Goldman Sachs
New York
|
-$2.46M |
| 3 |
Two Sigma Investments
New York
|
-$2.06M |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$2.03M |
| 5 |
FFBTD
First Financial Bank - Trust Division
Hamilton,
Ohio
|
-$1.92M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
151
Piermont Capital Management
St. Louis,
Missouri
| – | -$1.81M | -103,980 | Closed |
|
|
ERSOT
152
Employees Retirement System of Texas
Austin,
Texas
| – | -$1.12M | -64,500 | Closed |
|
|
DC
153
Deere & Company
Moline,
Illinois
| – | -$372K | -21,335 | Closed |
|
|
HI
154
HBK Investments
Dallas,
Texas
| – | -$251K | -14,400 | Closed |
|
155
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$251K | -14,375 | Closed |
|
|
DTL
156
Dynamic Technology Lab
Singapore
| – | -$185K | -10,590 | Closed |
|
|
AAM
157
Advisors Asset Management
Monument,
Colorado
| – | -$25K | -1,443 | Closed |
|
158
BNP Paribas Financial Markets
Paris,
France
| – | -$13.1K | -750 | Closed |
|
159
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$4K | -251 | Closed |
|
160
Creative Planning
Overland Park,
Kansas
| – | -$4K | -221 | Closed |
|
FFBC Hedge Fund Activity: Q1 2014 in Review
150 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in First Financial Bancorp (FFBC) for Q1 2014, worth a combined $781M — up 5% from $744M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of FFBC and 9 opened new positions — a net loss of 1 holder — while 56 trimmed existing stakes and 49 added.
The largest buyer was Bank of New York Mellon, adding an estimated $7.06M. The largest seller was Jacobs Asset Management, cutting an estimated $8.28M.
- 150 institutional investors held First Financial Bancorp (FFBC) as of Q1 2014, down from 151 in Q4 2013.
- Funds reported $781M of First Financial Bancorp stock for Q1 2014, up 5% quarter-over-quarter.
- 9 funds opened new First Financial Bancorp positions in Q1 2014 and 10 closed out, a net change of -1 holder.
- The largest First Financial Bancorp buyer in Q1 2014 was Bank of New York Mellon, an estimated $7.06M added.
- The largest First Financial Bancorp seller in Q1 2014 was Jacobs Asset Management, an estimated $8.28M sold.
Based on aggregated 13F filings for Q1 2014.