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 |
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.