First Guaranty Bancshares
FGBI
43 hedge funds and large institutions have $9.71M invested in First Guaranty Bancshares in 2023 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 6 increasing their positions, 17 reducing their positions, and 14 closing their positions.
7% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 14
2% less funds holding
Funds holding: 44 → 43 (-1)
3.11% less ownership
Funds ownership: 11.16% → 8.05% (-3.1%)
48% less capital invested
Capital invested by funds: $18.8M → $9.71M (-$9.04M)
65% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$1.17M |
| 2 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$386K |
| 3 |
Renaissance Technologies
New York
|
+$236K |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$192K |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$178K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$3.46M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
-$763K |
| 3 |
SM
Salzhauer Michael
|
-$635K |
| 4 |
State Street
Boston,
Massachusetts
|
-$623K |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$476K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIG
51
American International Group
New York
| – | -$45.9K | -2,927 | Closed |
|
52
California State Teachers Retirement System (CalSTRS)
West Sacramento,
California
| – | -$35.3K | -2,255 | Closed |
|
|
AB
53
Amalgamated Bank
New York
| – | -$10K | -665 | Closed |
|
54
Legal & General Group
London,
United Kingdom
| – | -$7.87K | -502 | Closed |
|
|
AIP
55
Ameritas Investment Partners
Lincoln,
Nebraska
| – | -$7.13K | -455 | Closed |
|
|
GCM
56
Gladius Capital Management
Chicago,
Illinois
| – | -$4.8K | -306 | Closed |
|
|
SFG
57
Steward Financial Group
Colleyville,
Texas
| – | -$1K | -110 | Closed |
|
FGBI Hedge Fund Activity: Q2 2023 in Review
43 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Guaranty Bancshares (FGBI) for Q2 2023, worth a combined $9.71M — down 48% from $18.8M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of FGBI and 13 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 6 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $1.17M. The largest seller was BlackRock, cutting an estimated $3.46M.
- 43 institutional investors held First Guaranty Bancshares (FGBI) as of Q2 2023, down from 44 in Q1 2023.
- Funds reported $9.71M of First Guaranty Bancshares stock for Q2 2023, down 48% quarter-over-quarter.
- 13 funds opened new First Guaranty Bancshares positions in Q2 2023 and 14 closed out, a net change of -1 holder.
- The largest First Guaranty Bancshares buyer in Q2 2023 was Millennium Management, an estimated $1.17M added.
- The largest First Guaranty Bancshares seller in Q2 2023 was BlackRock, an estimated $3.46M sold.
Based on aggregated 13F filings for Q2 2023.