First Bancorp
FNLC
59 hedge funds and large institutions have $80.7M invested in First Bancorp in 2020 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 23 reducing their positions, and 6 closing their positions.
0.61% less ownership
Funds ownership: 34.22% → 33.61% (-0.61%)
3% less funds holding
Funds holding: 61 → 59 (-2)
17% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 23
28% less capital invested
Capital invested by funds: $113M → $80.7M (-$32M)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.22M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$257K |
| 3 |
RhumbLine Advisers
Boston,
Massachusetts
|
+$188K |
| 4 |
JP Morgan Chase
New York
|
+$114K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$103K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$922K |
| 2 |
Renaissance Technologies
New York
|
-$357K |
| 3 |
Goldman Sachs
New York
|
-$274K |
| 4 |
BIAS
Beacon Investment Advisory Services
Morristown,
New Jersey
|
-$242K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$242K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCG
51
Private Capital Group
West Hartford,
Connecticut
| $6K | – | – | – |
|
|
FHA
52
Flagship Harbor Advisors
Boston,
Massachusetts
| $6K | +$53 | +2 | +0.8% |
|
53
Canada Life
Winnipeg,
Manitoba, Canada
| $6K | +$265 | +10 | +4% |
|
|
ASN
54
Advisory Services Network
Atlanta,
Georgia
| $4K | +$5.27K | +199 | New |
|
55
Bank of Montreal
Toronto,
Ontario, Canada
| $3K | -$34.5K | -1,303 | -90% |
|
56
Fidelity Investments
Boston,
Massachusetts
| $2K | +$26 | +1 | +1% |
|
|
57
Goldman Sachs
New York
| – | -$274K | -9,065 | Closed |
|
|
BIAS
58
Beacon Investment Advisory Services
Morristown,
New Jersey
| – | -$242K | -8,000 | Closed |
|
|
59
Truist Financial
Charlotte,
North Carolina
| – | -$242K | -8,000 | Closed |
|
|
BHTS
60
Bar Harbor Trust Services
Ellsworth,
Maine
| – | -$222K | -7,347 | Closed |
|
|
GDP
61
Great Diamond Partners
Portland,
Maine
| – | -$46K | -1,522 | Closed |
|
|
SFPG
62
Stonebridge Financial Planning Group
Orlando,
Florida
| – | -$12K | -400 | Closed |
|
63
Osaic Holdings
Scottsdale,
Arizona
| – | +$79 | +3 | New |
|
FNLC Hedge Fund Activity: Q1 2020 in Review
59 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FNLC) for Q1 2020, worth a combined $80.7M — down 28% from $113M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FNLC and 4 opened new positions — a net loss of 2 holders — while 23 trimmed existing stakes and 19 added.
The largest buyer was Vanguard Group, adding an estimated $1.22M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $922K.
- 59 institutional investors held First Bancorp (FNLC) as of Q1 2020, down from 61 in Q4 2019.
- Funds reported $80.7M of First Bancorp stock for Q1 2020, down 28% quarter-over-quarter.
- 4 funds opened new First Bancorp positions in Q1 2020 and 6 closed out, a net change of -2 holders.
- The largest First Bancorp buyer in Q1 2020 was Vanguard Group, an estimated $1.22M added.
- The largest First Bancorp seller in Q1 2020 was Manulife (Manufacturers Life Insurance), an estimated $922K sold.
Based on aggregated 13F filings for Q1 2020.