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First Guaranty Bancshares
FGBI

37 hedge funds and large institutions have $25.1M invested in First Guaranty Bancshares in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 6 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 6

30% more capital invested

Capital invested by funds: $19.3M → $25.1M (+$5.84M)

25% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 4

3.11% more ownership

Funds ownership: 12.38% → 15.49% (+3.1%)

3% more funds holding

Funds holding: 36 → 37 (+1)

Holders
37
Holders Change
+1
Holders Change %
+2.78%
% of All Funds
0.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
15
Reduced
6
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$4.84M
2
Federated Hermes
Federated Hermes
Pennsylvania
+$1.33M
3
KCM
Kennedy Capital Management
Missouri
+$175K
4
BCM
BHZ Capital Management
California
+$161K
5
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$154K

Top Sellers

Rank Fund Capital Flow
1
AG
Advisor Group
Arizona
-$502K
2
PP
Prospector Partners
Connecticut
-$322K
3
SIM
Spark Investment Management
New York
-$266K
4
PAM
Panagora Asset Management
Massachusetts
-$18.7K
5
California State Teachers Retirement System (CalSTRS)
California State Teachers Retirement System (CalSTRS)
California
-$13.6K
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$6.93M +$4.84M +237,461 +227%
BlackRock
2
BlackRock
New York
$4.35M +$57.3K +2,811 +1%
BFC
3
Banc Funds Company
Illinois
$2.78M – – –
KCM
4
Kennedy Capital Management
Missouri
$2.02M +$175K +8,605 +9%
SM
5
Salzhauer Michael
$1.5M – – –
Federated Hermes
6
Federated Hermes
Pennsylvania
$1.33M +$1.33M +65,216 +20,066%
State Street
7
State Street
Massachusetts
$978K +$9.28K +455 +1%
Northern Trust
8
Northern Trust
Illinois
$938K +$29.5K +1,445 +3%
Renaissance Technologies
9
Renaissance Technologies
New York
$531K +$73.4K +3,598 +16%
Deutsche Bank
10
Deutsche Bank
Germany
$518K +$81.6K +4,001 +18%
BCM
11
BHZ Capital Management
California
$388K +$161K +7,893 +70%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$381K +$86K +4,218 +29%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$354K -$5.32K -261 -1%
TCIM
14
TIAA CREF Investment Management
New York
$291K +$10.3K +504 +4%
BCM
15
Bridgeway Capital Management
Texas
$272K – – –
ZIM
16
ZPR Investment Management
Florida
$237K – – –
TA
17
Teachers Advisors
New York
$205K – – –
California State Teachers Retirement System (CalSTRS)
18
California State Teachers Retirement System (CalSTRS)
California
$172K -$13.6K -666 -7%
Manulife (Manufacturers Life Insurance)
19
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$153K +$154K +7,573 New
Wells Fargo
20
Wells Fargo
California
$146K +$147K +7,225 New
Morgan Stanley
21
Morgan Stanley
New York
$134K +$43.6K +2,137 +48%
New York State Common Retirement Fund
22
New York State Common Retirement Fund
New York
$113K – – –
PAM
23
Panagora Asset Management
Massachusetts
$86K -$18.7K -916 -18%
LSV Asset Management
24
LSV Asset Management
Illinois
$83K – – –
AIG
25
American International Group
New York
$70K +$5.3K +260 +8%
1
2

FGBI Hedge Fund Activity: Q3 2017 in Review

37 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Guaranty Bancshares (FGBI) for Q3 2017, worth a combined $25.1M — up 30% from $19.3M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new FGBI positions and 4 closed out — a net gain of 1 holder — while 15 added to existing stakes and 6 trimmed.

The largest buyer was Vanguard Group, adding an estimated $4.84M. The largest seller was Advisor Group, cutting an estimated $502K.

  • 37 institutional investors held First Guaranty Bancshares (FGBI) as of Q3 2017, up from 36 in Q2 2017.
  • Funds reported $25.1M of First Guaranty Bancshares stock for Q3 2017, up 30% quarter-over-quarter.
  • 5 funds opened new First Guaranty Bancshares positions in Q3 2017 and 4 closed out, a net change of +1 holder.
  • The largest First Guaranty Bancshares buyer in Q3 2017 was Vanguard Group, an estimated $4.84M added.
  • The largest First Guaranty Bancshares seller in Q3 2017 was Advisor Group, an estimated $502K sold.

Based on aggregated 13F filings for Q3 2017.