First Bancorp
FNLC
46 hedge funds and large institutions have $53.6M invested in First Bancorp in 2014 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 3 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
0.38% less ownership
Funds ownership: 31.18% → 30.8% (-0.38%)
4% less funds holding
Funds holding: 48 → 46 (-2)
8% less capital invested
Capital invested by funds: $58M → $53.6M (-$4.39M)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$664K |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$140K |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$70.4K |
| 4 |
State Street
Boston,
Massachusetts
|
+$66.2K |
| 5 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$52.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$726K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$216K |
| 3 |
RMDI
R.M. Davis Inc
Portland,
Maine
|
-$212K |
| 4 |
JP Morgan Chase
New York
|
-$198K |
| 5 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$158K |
FNLC Hedge Fund Activity: Q1 2014 in Review
46 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FNLC) for Q1 2014, worth a combined $53.6M — down 7.6% from $58M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FNLC and 1 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 17 added.
The largest buyer was Commonwealth Equity Services, adding an estimated $664K. The largest seller was Maltese Capital Management, exiting entirely with an estimated $726K sold.
- 46 institutional investors held First Bancorp (FNLC) as of Q1 2014, down from 48 in Q4 2013.
- Funds reported $53.6M of First Bancorp stock for Q1 2014, down 7.6% quarter-over-quarter.
- 1 fund opened new First Bancorp positions in Q1 2014 and 3 closed out, a net change of -2 holders.
- The largest First Bancorp buyer in Q1 2014 was Commonwealth Equity Services, an estimated $664K added.
- The largest First Bancorp seller in Q1 2014 was Maltese Capital Management, an estimated $726K sold.
Based on aggregated 13F filings for Q1 2014.