First Bancorp
FNLC
56 hedge funds and large institutions have $105M invested in First Bancorp in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 16 reducing their positions, and 7 closing their positions.
12% more capital invested
Capital invested by funds: $93.9M → $105M (+$11.1M)
0.04% less ownership
Funds ownership: 32.06% → 32.02% (-0.04%)
6% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 16
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 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.2M |
| 2 |
HA
Hamel Associates
Chatham,
New Jersey
|
+$391K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$305K |
| 4 |
VF
Virtu Financial
New York
|
+$252K |
| 5 |
BlackRock
New York
|
+$239K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$1.49M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$466K |
| 3 |
BSB
Bangor Savings Bank
Bangor,
Maine
|
-$289K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$250K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$218K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $22K | – | – | – |
|
|
AIP
52
Ameritas Investment Partners
Lincoln,
Nebraska
| $17K | – | – | – |
|
53
Barclays
London,
United Kingdom
| $7K | +$6.2K | +231 | +3,300% |
|
54
Bank of Montreal
Toronto,
Ontario, Canada
| $4K | – | – | – |
|
|
DA
55
Denali Advisors
San Diego,
California
| $3K | – | – | – |
|
|
DRZID
56
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
| – | -$1.49M | -54,998 | Closed |
|
|
BSB
57
Bangor Savings Bank
Bangor,
Maine
| – | -$289K | -10,650 | Closed |
|
58
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$211K | -7,800 | Closed |
|
|
ASN
59
Advisory Services Network
Atlanta,
Georgia
| – | -$107K | -3,968 | Closed |
|
60
Creative Planning
Overland Park,
Kansas
| – | -$38K | -1,396 | Closed |
|
61
JP Morgan Chase
New York
| – | -$18K | -664 | Closed |
|
|
CG
62
Cutler Group
San Francisco,
California
| – | -$2K | -100 | Closed |
|
63
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | +$376 | +14 | New |
|
FNLC Hedge Fund Activity: Q3 2017 in Review
56 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FNLC) for Q3 2017, worth a combined $105M — up 12% from $93.9M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FNLC and 5 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 15 added.
The largest buyer was Vanguard Group, adding an estimated $1.2M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $1.49M sold.
- 56 institutional investors held First Bancorp (FNLC) as of Q3 2017, down from 58 in Q2 2017.
- Funds reported $105M of First Bancorp stock for Q3 2017, up 12% quarter-over-quarter.
- 5 funds opened new First Bancorp positions in Q3 2017 and 7 closed out, a net change of -2 holders.
- The largest First Bancorp buyer in Q3 2017 was Vanguard Group, an estimated $1.2M added.
- The largest First Bancorp seller in Q3 2017 was DePrince Race & Zollo Inc (DRZ), an estimated $1.49M sold.
Based on aggregated 13F filings for Q3 2017.