First Bancorp
FNLC
48 hedge funds and large institutions have $51.2M invested in First Bancorp in 2013 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 3 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 14
4% less funds holding
Funds holding: 50 → 48 (-2)
13% less capital invested
Capital invested by funds: $59.1M → $51.2M (-$7.9M)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$510K |
| 2 |
Bank of New York Mellon
New York
|
+$235K |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$114K |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$95.5K |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$62K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$590K |
| 2 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$272K |
| 3 |
PIM
Penobscot Investment Management
Boston,
Massachusetts
|
-$258K |
| 4 |
State Street
Boston,
Massachusetts
|
-$217K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$207K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Creative Planning
Overland Park,
Kansas
| – | -$9K | -500 | Closed |
|
FNLC Hedge Fund Activity: Q3 2013 in Review
48 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FNLC) for Q3 2013, worth a combined $51.2M — down 13% from $59.1M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FNLC and 1 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 20 added.
The largest buyer was BlackRock Fund Advisors, adding an estimated $510K. The largest seller was Maltese Capital Management, cutting an estimated $590K.
- 48 institutional investors held First Bancorp (FNLC) as of Q3 2013, down from 50 in Q2 2013.
- Funds reported $51.2M of First Bancorp stock for Q3 2013, down 13% quarter-over-quarter.
- 1 fund opened new First Bancorp positions in Q3 2013 and 3 closed out, a net change of -2 holders.
- The largest First Bancorp buyer in Q3 2013 was BlackRock Fund Advisors, an estimated $510K added.
- The largest First Bancorp seller in Q3 2013 was Maltese Capital Management, an estimated $590K sold.
Based on aggregated 13F filings for Q3 2013.