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First Bancorp
FNLC

62 hedge funds and large institutions have $80.8M invested in First Bancorp in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 23 increasing their positions, 16 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

44% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 16

12% more capital invested

Capital invested by funds: $72.3M → $80.8M (+$8.5M)

2% more funds holding

Funds holding: 61 → 62 (+1)

Holders
62
Holders Change
+1
Holders Change %
+1.64%
% of All Funds
1.65%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
23
Reduced
16
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BFA
BlackRock Fund Advisors
California
+$330K
2
Morgan Stanley
Morgan Stanley
New York
+$241K
3
BIT
BlackRock Institutional Trust
California
+$240K
4
Renaissance Technologies
Renaissance Technologies
New York
+$234K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$223K

Top Sellers

Rank Fund Capital Flow
1
BCM
Bridgeway Capital Management
Texas
-$281K
2
FP
Foundry Partners
Minnesota
-$228K
3
Bank of America
Bank of America
North Carolina
-$217K
4
BFC
Banc Funds Company
Illinois
-$178K
5
SO
STRS Ohio
Ohio
-$64.6K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$7.51M +$89.7K +4,028 +1%
Manulife (Manufacturers Life Insurance)
2
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$7.39M +$35K +1,570 +0.5%
BIT
3
BlackRock Institutional Trust
California
$7.04M +$240K +10,760 +4%
Vanguard Group
4
Vanguard Group
Pennsylvania
$6.83M +$38.9K +1,745 +0.6%
BFA
5
BlackRock Fund Advisors
California
$6.81M +$330K +14,830 +6%
State Street
6
State Street
Massachusetts
$3.88M +$17.3K +777 +0.5%
Renaissance Technologies
7
Renaissance Technologies
New York
$3.46M +$234K +10,500 +8%
LSV Asset Management
8
LSV Asset Management
Illinois
$3.16M – – –
DRZID
9
DePrince Race & Zollo Inc (DRZ)
Florida
$3.09M – – –
Northern Trust
10
Northern Trust
Illinois
$2.77M +$7.73K +347 +0.3%
BFC
11
Banc Funds Company
Illinois
$2.08M -$178K -8,000 -8%
HPC
12
HM Payson & Co
Maine
$1.87M -$22.3K -1,000 -1%
Bank of America
13
Bank of America
North Carolina
$1.83M -$217K -9,729 -11%
FP
14
Foundry Partners
Minnesota
$1.73M -$228K -10,250 -12%
BCM
15
Bridgeway Capital Management
Texas
$1.63M -$281K -12,600 -16%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$1.5M +$35.1K +1,575 +3%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$1.42M +$143K +6,404 +12%
Morgan Stanley
18
Morgan Stanley
New York
$1.25M +$241K +10,824 +26%
Commonwealth Equity Services
19
Commonwealth Equity Services
Massachusetts
$1.15M +$178 +8 +0%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$1.04M +$223K +10,000 +30%
BIM
21
BlackRock Investment Management
Delaware
$1.02M -$4.37K -196 -0.5%
KB
22
Kimelman & Baird
New York
$889K -$45.8K -2,057 -5%
PMG
23
ProVise Management Group
Florida
$851K -$58.4K -2,624 -7%
NGA
24
Naples Global Advisors
Florida
$844K +$135K +6,050 +21%
California Public Employees Retirement System
25
California Public Employees Retirement System
California
$819K – – –
1
2 3

FNLC Hedge Fund Activity: Q3 2016 in Review

62 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FNLC) for Q3 2016, worth a combined $80.8M — up 12% from $72.3M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new FNLC positions and 2 closed out — a net gain of 1 holder — while 23 added to existing stakes and 16 trimmed.

The largest buyer was BlackRock Fund Advisors, adding an estimated $330K. The largest seller was Bridgeway Capital Management, cutting an estimated $281K.

  • 62 institutional investors held First Bancorp (FNLC) as of Q3 2016, up from 61 in Q2 2016.
  • Funds reported $80.8M of First Bancorp stock for Q3 2016, up 12% quarter-over-quarter.
  • 3 funds opened new First Bancorp positions in Q3 2016 and 2 closed out, a net change of +1 holder.
  • The largest First Bancorp buyer in Q3 2016 was BlackRock Fund Advisors, an estimated $330K added.
  • The largest First Bancorp seller in Q3 2016 was Bridgeway Capital Management, an estimated $281K sold.

Based on aggregated 13F filings for Q3 2016.