First Guaranty Bancshares
FGBI
44 hedge funds and large institutions have $18.8M invested in First Guaranty Bancshares in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 15 reducing their positions, and 9 closing their positions.
1.02% less ownership
Funds ownership: 12.18% → 11.16% (-1%)
12% less funds holding
Funds holding: 50 → 44 (-6)
13% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 15
38% less capital invested
Capital invested by funds: $30M → $18.8M (-$11.3M)
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$500K |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$184K |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$68.3K |
| 4 |
Morgan Stanley
New York
|
+$51.5K |
| 5 |
BlackRock
New York
|
+$31.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MDCM
Morgan Dempsey Capital Management
Menomonee Falls,
Wisconsin
|
-$1.94M |
| 2 |
BWA
Beam Wealth Advisors
Covington,
Louisiana
|
-$645K |
| 3 |
AAS
Annex Advisory Services
Brookfield,
Wisconsin
|
-$272K |
| 4 |
RhumbLine Advisers
Boston,
Massachusetts
|
-$205K |
| 5 |
MIM
MetLife Investment Management
Whippany,
New Jersey
|
-$76K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MLICM
51
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$8.96K | -382 | Closed |
|
52
Rockefeller Capital Management
New York
| – | -$1K | -57 | Closed |
|
|
PFO
53
PMC FIG Opportunities
Jerusalem,
Israel
| – | -$23 | -1 | Closed |
|
FGBI Hedge Fund Activity: Q1 2023 in Review
44 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Guaranty Bancshares (FGBI) for Q1 2023, worth a combined $18.8M — down 38% from $30M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FGBI and 3 opened new positions — a net loss of 6 holders — while 15 trimmed existing stakes and 13 added.
The largest buyer was Bridgeway Capital Management, adding an estimated $500K. The largest seller was Morgan Dempsey Capital Management, cutting an estimated $1.94M.
- 44 institutional investors held First Guaranty Bancshares (FGBI) as of Q1 2023, down from 50 in Q4 2022.
- Funds reported $18.8M of First Guaranty Bancshares stock for Q1 2023, down 38% quarter-over-quarter.
- 3 funds opened new First Guaranty Bancshares positions in Q1 2023 and 9 closed out, a net change of -6 holders.
- The largest First Guaranty Bancshares buyer in Q1 2023 was Bridgeway Capital Management, an estimated $500K added.
- The largest First Guaranty Bancshares seller in Q1 2023 was Morgan Dempsey Capital Management, an estimated $1.94M sold.
Based on aggregated 13F filings for Q1 2023.