First Bancorp
FNLC
66 hedge funds and large institutions have $116M invested in First Bancorp in 2016 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 18 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
43% more capital invested
Capital invested by funds: $80.8M → $116M (+$34.7M)
32.51% more ownership
Funds ownership: 0% → 32.51% (+33%)
22% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 18
6% more funds holding
Funds holding: 62 → 66 (+4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$1.49M |
| 2 |
Morgan Stanley
New York
|
+$656K |
| 3 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$612K |
| 4 |
JP Morgan Chase
New York
|
+$568K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$420K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$1.97M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
-$560K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$284K |
| 4 |
HPC
HM Payson & Co
Portland,
Maine
|
-$198K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$130K |
FNLC Hedge Fund Activity: Q4 2016 in Review
66 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FNLC) for Q4 2016, worth a combined $116M — up 43% from $80.8M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FNLC positions and 1 closed out — a net gain of 5 holders — while 22 added to existing stakes and 18 trimmed.
The largest buyer was BlackRock Fund Advisors, adding an estimated $1.49M. The largest seller was DePrince Race & Zollo Inc (DRZ), cutting an estimated $1.97M.
- 66 institutional investors held First Bancorp (FNLC) as of Q4 2016, up from 62 in Q3 2016.
- Funds reported $116M of First Bancorp stock for Q4 2016, up 43% quarter-over-quarter.
- 6 funds opened new First Bancorp positions in Q4 2016 and 1 closed out, a net change of +5 holders.
- The largest First Bancorp buyer in Q4 2016 was BlackRock Fund Advisors, an estimated $1.49M added.
- The largest First Bancorp seller in Q4 2016 was DePrince Race & Zollo Inc (DRZ), an estimated $1.97M sold.
Based on aggregated 13F filings for Q4 2016.