First Bancorp
FNLC
62 hedge funds and large institutions have $129M invested in First Bancorp in 2021 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 20 increasing their positions, 24 reducing their positions, and 5 closing their positions.
35% more capital invested
Capital invested by funds: $95.6M → $129M (+$33.9M)
6.02% more ownership
Funds ownership: 34.44% → 40.46% (+6%)
3% less funds holding
Funds holding: 64 → 62 (-2)
17% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 24
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$1.39M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$257K |
| 3 |
WI
WBI Investments
Red Bank,
New Jersey
|
+$227K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$197K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$150K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$1.22M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$560K |
| 3 |
Renaissance Technologies
New York
|
-$488K |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$312K |
| 5 |
State Board of Administration of Florida Retirement System
Tallahassee,
Florida
|
-$300K |
FNLC Hedge Fund Activity: Q1 2021 in Review
62 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FNLC) for Q1 2021, worth a combined $129M — up 35% from $95.6M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FNLC and 3 opened new positions — a net loss of 2 holders — while 24 trimmed existing stakes and 20 added.
The largest buyer was BlackRock, adding an estimated $1.39M. The largest seller was Kestra Advisory Services, exiting entirely with an estimated $1.22M sold.
- 62 institutional investors held First Bancorp (FNLC) as of Q1 2021, down from 64 in Q4 2020.
- Funds reported $129M of First Bancorp stock for Q1 2021, up 35% quarter-over-quarter.
- 3 funds opened new First Bancorp positions in Q1 2021 and 5 closed out, a net change of -2 holders.
- The largest First Bancorp buyer in Q1 2021 was BlackRock, an estimated $1.39M added.
- The largest First Bancorp seller in Q1 2021 was Kestra Advisory Services, an estimated $1.22M sold.
Based on aggregated 13F filings for Q1 2021.