First Bancorp
FNLC
56 hedge funds and large institutions have $55.5M invested in First Bancorp in 2015 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 25 increasing their positions, 11 reducing their positions, and 7 closing their positions.
127% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 11
14% more capital invested
Capital invested by funds: $48.7M → $55.5M (+$6.78M)
3% less funds holding
Funds holding: 58 → 56 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
+$3.93M |
| 2 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$848K |
| 3 |
KB
Kimelman & Baird
New York
|
+$794K |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$375K |
| 5 |
Renaissance Technologies
New York
|
+$262K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$1.29M |
| 2 |
Goldman Sachs
New York
|
-$353K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$296K |
| 4 |
GC
Grimes & Company
Westborough,
Massachusetts
|
-$263K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$233K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HDIM
51
Hanson & Doremus Investment Management
Burlington,
Vermont
| $14K | – | – | – |
|
52
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $5.97K | -$36.1K | -2,083 | -0.7% |
|
|
OSAM
53
O'Shaughnessy Asset Management
Stamford,
Connecticut
| $5K | – | – | – |
|
54
Barclays
London,
United Kingdom
| $4K | -$1.42K | -82 | -28% |
|
55
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $2K | +$762 | +44 | +86% |
|
|
RWML
56
RAFFA WEALTH MANAGEMENT, LLC
Washington,
District of Columbia
| $622 | – | – | – |
|
|
TAM
57
THB Asset Management
Norwalk,
Connecticut
| – | -$1.29M | -73,941 | Closed |
|
|
58
Goldman Sachs
New York
| – | -$353K | -20,215 | Closed |
|
|
59
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$296K | -16,935 | Closed |
|
|
GC
60
Grimes & Company
Westborough,
Massachusetts
| – | -$263K | -15,050 | Closed |
|
|
VKH
61
Virtu KCG Holdings
New York
| – | -$233K | -13,334 | Closed |
|
62
AllianceBernstein
Nashville,
Tennessee
| – | -$153K | -8,779 | Closed |
|
63
Bessemer Group
Woodbridge,
New Jersey
| – | -$7K | -394 | Closed |
|
FNLC Hedge Fund Activity: Q2 2015 in Review
56 of the 3,713 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FNLC) for Q2 2015, worth a combined $55.5M — up 14% from $48.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FNLC and 5 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 25 added.
The largest buyer was Maltese Capital Management, opening a new position worth an estimated $3.93M. The largest seller was THB Asset Management, exiting entirely with an estimated $1.29M sold.
- 56 institutional investors held First Bancorp (FNLC) as of Q2 2015, down from 58 in Q1 2015.
- Funds reported $55.5M of First Bancorp stock for Q2 2015, up 14% quarter-over-quarter.
- 5 funds opened new First Bancorp positions in Q2 2015 and 7 closed out, a net change of -2 holders.
- The largest First Bancorp buyer in Q2 2015 was Maltese Capital Management, an estimated $3.93M added.
- The largest First Bancorp seller in Q2 2015 was THB Asset Management, an estimated $1.29M sold.
Based on aggregated 13F filings for Q2 2015.