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First Bancorp

FNLC

Market cap $386M

59 hedge funds and large institutions have $95.1M invested in First Bancorp in 2017 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 24 reducing their positions, and 6 closing their positions.

New

Increased

Maintained

Reduced

Closed

0.1% less ownership

Funds ownership: 32.51% → 32.41% (-0.1%)

9% less funds holding

Funds holding: 65 → 59 (-6)

18% less capital invested

Capital invested by funds: $116M → $95.1M (-$20.4M)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

38% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 24

Holders

Holders Change

-6

Holders Change %

-9.23%

% of All Funds

1.47%

Holding in Top 10

–

Holding in Top 10 Change

–

Holding in Top 10 Change %

–

% of All Funds

–

New

Increased

Reduced

Closed

Calls

–

Puts

–

Net Calls

–

Net Calls Change

–

Top Buyers

Rank	Fund	Capital Flow
1	BlackRock New York	+$19.1M
2	Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada	+$3.56M
3	Vanguard Group Malvern, Pennsylvania	+$1.05M
4	Renaissance Technologies New York	+$642K
5	Dimensional Fund Advisors Austin, Texas	+$574K

Top Sellers

Rank	Fund	Capital Flow
1	BFC Banc Funds Company Chicago, Illinois	-$2.87M
2	HPC HM Payson & Co Portland, Maine	-$791K
3	LSV Asset Management Chicago, Illinois	-$681K
4	Susquehanna International Group Bala Cynwyd, Pennsylvania	-$515K
5	Royal Bank of Canada Toronto, Ontario, Canada	-$416K

#	Name	Holding	Trade Value	Shares Change	Change in Stake
26	26 UBS Group Zurich, Switzerland	$655K	-$28K	-1,013	-4%
27	27 Royal Bank of Canada Toronto, Ontario, Canada	$645K	-$416K	-15,061	-39%
28	SO 28 STRS Ohio Columbus, Ohio	$613K	–	–	–
29	29 California State Teachers Retirement System (CalSTRS) West Sacramento, California	$546K	-$24.9K	-900	-4%
30	30 Stifel Financial St. Louis, Missouri	$545K	–	–	–
31	PGA 31 Portland Global Advisors Portland, Maine	$518K	–	–	–
32	32 Charles Schwab San Francisco, California	$499K	–	–	–
33	SB 33 Suntrust Banks Atlanta, Georgia	$436K	-$91.5K	-3,310	-17%
34	TA 34 Teachers Advisors New York	$426K	–	–	–
35	35 RhumbLine Advisers Boston, Massachusetts	$375K	+$13.3K	+480	+4%
36	36 Wells Fargo San Francisco, California	$369K	-$13.3K	-481	-3%
37	37 New York State Common Retirement Fund Albany, New York	$311K	+$44.2K	+1,601	+16%
38	BSB 38 Bangor Savings Bank Bangor, Maine	$291K	–	–	–
39	39 AllianceBernstein Nashville, Tennessee	$242K	–	–	–
40	BT 40 Beacon Trust Morristown, New Jersey	$217K	-$111K	-4,000	-33%
41	MLICM 41 Metropolitan Life Insurance Company (MetLife) New York	$216K	–	–	–
42	SIM 42 Spark Investment Management New York	$212K	+$216K	+7,800	New
43	NFA 43 Nationwide Fund Advisors Columbus, Ohio	$203K	-$11.9K	-429	-5%
44	44 JP Morgan Chase New York	$188K	-$400K	-14,472	-68%
45	AIG 45 American International Group New York	$171K	+$11.1K	+403	+7%
46	46 Citigroup New York	$143K	-$161K	-5,833	-53%
47	CWA 47 Cypress Wealth Advisors San Francisco, California	$124K	–	–	–
48	ASN 48 Advisory Services Network Atlanta, Georgia	$113K	+$114K	+4,136	New
49	49 Legal & General Group London, United Kingdom	$86K	+$1.05K	+38	+1%
50	FQ 50 First Quadrant Glendale, California	$86K	+$87K	+3,150	New

FNLC Hedge Fund Activity: Q1 2017 in Review

59 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FNLC) for Q1 2017, worth a combined $95.1M — down 18% from $116M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of FNLC and 4 opened new positions — a net loss of 2 holders — while 24 trimmed existing stakes and 15 added.

The largest buyer was BlackRock, adding an estimated $19.1M. The largest seller was Banc Funds Company, exiting entirely with an estimated $2.87M sold.

59 institutional investors held First Bancorp (FNLC) as of Q1 2017, down from 65 in Q4 2016.
Funds reported $95.1M of First Bancorp stock for Q1 2017, down 18% quarter-over-quarter.
4 funds opened new First Bancorp positions in Q1 2017 and 6 closed out, a net change of -2 holders.
The largest First Bancorp buyer in Q1 2017 was BlackRock, an estimated $19.1M added.
The largest First Bancorp seller in Q1 2017 was Banc Funds Company, an estimated $2.87M sold.

Based on aggregated 13F filings for Q1 2017.

First Bancorp FNLC Market cap $386M