First NBC Bank Holding Company
FNBC
FNBC was delisted on the 9th of May, 2017.
127 hedge funds and large institutions have $320M invested in First NBC Bank Holding Company in 2016 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 57 increasing their positions, 30 reducing their positions, and 31 closing their positions.
90% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 30
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 138 → 127 (-11)
35% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 31
47% less capital invested
Capital invested by funds: $606M → $320M (-$286M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$10M |
| 2 |
Millennium Management
New York
|
+$5.68M |
| 3 |
Morgan Stanley
New York
|
+$3.71M |
| 4 |
JP Morgan Chase
New York
|
+$3.26M |
| 5 |
Lazard Asset Management
New York
|
+$2.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$15.6M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$11.3M |
| 3 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$10.5M |
| 4 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
-$10.1M |
| 5 |
OCG
Opus Capital Group
Cincinnati,
Ohio
|
-$4.67M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SM
151
Salzhauer Michael
| – | -$206K | -5,516 | Closed |
|
|
MCM
152
Manchester Capital Management
Manchester,
Vermont
| – | -$47K | -1,250 | Closed |
|
|
HNB
153
Huntington National Bank
Columbus,
Ohio
| – | -$21K | -570 | Closed |
|
|
CWM
154
Catamount Wealth Management
Westport,
Connecticut
| – | -$5K | -134 | Closed |
|
155
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$2K | -44 | Closed |
|
|
HCM
156
Herndon Capital Management
Atlanta,
Georgia
| – | -$1K | -36 | Closed |
|
FNBC Hedge Fund Activity: Q1 2016 in Review
127 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First NBC Bank Holding Company (FNBC) for Q1 2016, worth a combined $320M — down 47% from $606M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of FNBC and 20 opened new positions — a net loss of 11 holders — while 30 trimmed existing stakes and 57 added.
The largest buyer was Numeric Investors, opening a new position worth an estimated $10M. The largest seller was Fidelity Investments, cutting an estimated $15.6M.
- 127 institutional investors held First NBC Bank Holding Company (FNBC) as of Q1 2016, down from 138 in Q4 2015.
- Funds reported $320M of First NBC Bank Holding Company stock for Q1 2016, down 47% quarter-over-quarter.
- 20 funds opened new First NBC Bank Holding Company positions in Q1 2016 and 31 closed out, a net change of -11 holders.
- The largest First NBC Bank Holding Company buyer in Q1 2016 was Numeric Investors, an estimated $10M added.
- The largest First NBC Bank Holding Company seller in Q1 2016 was Fidelity Investments, an estimated $15.6M sold.
Based on aggregated 13F filings for Q1 2016.