First Financial Bankshares
FFIN
117 hedge funds and large institutions have $901M invested in First Financial Bankshares in 2014 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 42 increasing their positions, 46 reducing their positions, and 11 closing their positions.
16% more call options, than puts
Call options by funds: $371K | Put options by funds: $321K
1% less funds holding
Funds holding: 118 → 117 (-1)
9% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 46
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
8% less capital invested
Capital invested by funds: $979M → $901M (-$78.5M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
+$8.05M |
| 2 |
State Street
Boston,
Massachusetts
|
+$6.86M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.12M |
| 4 |
Public Employees Retirement Association of Colorado
Denver,
Colorado
|
+$2.23M |
| 5 |
Renaissance Technologies
New York
|
+$1.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
-$11.4M |
| 2 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
-$8.49M |
| 3 |
Neuberger Berman Group
New York
|
-$2.77M |
| 4 |
JP Morgan Chase
New York
|
-$2.67M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$2.47M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PO
126
Private Ocean
San Rafael,
California
| – | -$3K | -196 | Closed |
|
127
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1K | -84 | Closed |
|
|
MFS
128
MSI Financial Services
Springfield,
Massachusetts
| – | -$1K | -40 | Closed |
|
FFIN Hedge Fund Activity: Q1 2014 in Review
117 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in First Financial Bankshares (FFIN) for Q1 2014, worth a combined $901M — down 8% from $979M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FFIN and 10 opened new positions — a net loss of 1 holder — while 46 trimmed existing stakes and 42 added.
The largest buyer was Bank of New York Mellon, adding an estimated $8.05M. The largest seller was Boston Trust Walden, cutting an estimated $11.4M.
- 117 institutional investors held First Financial Bankshares (FFIN) as of Q1 2014, down from 118 in Q4 2013.
- Funds reported $901M of First Financial Bankshares stock for Q1 2014, down 8% quarter-over-quarter.
- 10 funds opened new First Financial Bankshares positions in Q1 2014 and 11 closed out, a net change of -1 holder.
- The largest First Financial Bankshares buyer in Q1 2014 was Bank of New York Mellon, an estimated $8.05M added.
- The largest First Financial Bankshares seller in Q1 2014 was Boston Trust Walden, an estimated $11.4M sold.
Based on aggregated 13F filings for Q1 2014.