First Bancorp
FNLC
61 hedge funds and large institutions have $72.3M invested in First Bancorp in 2016 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 17 increasing their positions, 21 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
10% more capital invested
Capital invested by funds: $65.6M → $72.3M (+$6.67M)
0% more funds holding
Funds holding: 61 → 61 (0)
19% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 21
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$176K |
| 2 |
State Street
Boston,
Massachusetts
|
+$165K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$116K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$114K |
| 5 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
+$96.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$746K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$182K |
| 3 |
Citigroup
New York
|
-$152K |
| 4 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$148K |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
-$116K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Legal & General Group
London,
United Kingdom
| $34K | +$32K | +1,600 | New |
|
|
52
Citigroup
New York
| $30K | -$152K | -7,604 | -84% |
|
53
Creative Planning
Overland Park,
Kansas
| $30K | – | – | – |
|
54
JP Morgan Chase
New York
| $23K | -$113K | -5,636 | -84% |
|
|
HDIM
55
Hanson & Doremus Investment Management
Burlington,
Vermont
| $15K | – | – | – |
|
|
AIM
56
Acrospire Investment Management
Chicago,
Illinois
| $12K | -$38.6K | -1,929 | -77% |
|
57
BNP Paribas Financial Markets
Paris,
France
| $9.07K | +$7.44K | +372 | +759% |
|
58
Bank of Montreal
Toronto,
Ontario, Canada
| $3K | – | – | – |
|
59
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $2K | -$80 | -4 | -4% |
|
60
Barclays
London,
United Kingdom
| $1K | +$760 | +38 | New |
|
|
RWML
61
RAFFA WEALTH MANAGEMENT, LLC
Washington,
District of Columbia
| $539 | -$140 | -7 | -22% |
|
|
MCM
62
Maltese Capital Management
New York
| – | -$746K | -226,819 | Closed |
|
|
S
63
StratiFi
San Francisco,
California
| – | -$1K | -27,000 | Closed |
|
FNLC Hedge Fund Activity: Q2 2016 in Review
61 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FNLC) for Q2 2016, worth a combined $72.3M — up 10% from $65.6M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FNLC positions and 2 closed out — a net gain of 1 holder — while 17 added to existing stakes and 21 trimmed.
The largest buyer was Renaissance Technologies, adding an estimated $176K. The largest seller was Maltese Capital Management, exiting entirely with an estimated $746K sold.
- 61 institutional investors held First Bancorp (FNLC) as of Q2 2016, unchanged from Q1 2016.
- Funds reported $72.3M of First Bancorp stock for Q2 2016, up 10% quarter-over-quarter.
- 3 funds opened new First Bancorp positions in Q2 2016 and 2 closed out, a net change of +1 holder.
- The largest First Bancorp buyer in Q2 2016 was Renaissance Technologies, an estimated $176K added.
- The largest First Bancorp seller in Q2 2016 was Maltese Capital Management, an estimated $746K sold.
Based on aggregated 13F filings for Q2 2016.