First Financial Bankshares
FFIN
119 hedge funds and large institutions have $800M invested in First Financial Bankshares in 2014 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 47 increasing their positions, 35 reducing their positions, and 8 closing their positions.
34% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 35
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
2% more funds holding
Funds holding: 117 → 119 (+2)
13% less capital invested
Capital invested by funds: $922M → $800M (-$123M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$13.3M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$2.73M |
| 3 |
Two Sigma Investments
New York
|
+$1.83M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.82M |
| 5 |
Goldman Sachs
New York
|
+$1.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$18M |
| 2 |
State Street
Boston,
Massachusetts
|
-$12.3M |
| 3 |
Neuberger Berman Group
New York
|
-$5.9M |
| 4 |
Morgan Stanley
New York
|
-$1.85M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$1.58M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Envestnet Asset Management
Chicago,
Illinois
| – | -$4K | -234 | Closed |
|
|
MFS
127
MSI Financial Services
Springfield,
Massachusetts
| – | -$446 | -30 | -50% |
|
FFIN Hedge Fund Activity: Q3 2014 in Review
119 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in First Financial Bankshares (FFIN) for Q3 2014, worth a combined $800M — down 13% from $922M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FFIN positions and 8 closed out — a net gain of 2 holders — while 47 added to existing stakes and 35 trimmed.
The largest buyer was Champlain Investment Partners, adding an estimated $13.3M. The largest seller was Norges Bank, cutting an estimated $18M.
- 119 institutional investors held First Financial Bankshares (FFIN) as of Q3 2014, up from 117 in Q2 2014.
- Funds reported $800M of First Financial Bankshares stock for Q3 2014, down 13% quarter-over-quarter.
- 10 funds opened new First Financial Bankshares positions in Q3 2014 and 8 closed out, a net change of +2 holders.
- The largest First Financial Bankshares buyer in Q3 2014 was Champlain Investment Partners, an estimated $13.3M added.
- The largest First Financial Bankshares seller in Q3 2014 was Norges Bank, an estimated $18M sold.
Based on aggregated 13F filings for Q3 2014.