First Bancorp
FNLC
69 hedge funds and large institutions have $118M invested in First Bancorp in 2022 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 23 increasing their positions, 21 reducing their positions, and 5 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 21
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.19% less ownership
Funds ownership: 39.09% → 38.89% (-0.19%)
3% less funds holding
Funds holding: 71 → 69 (-2)
9% less capital invested
Capital invested by funds: $130M → $118M (-$11.7M)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$378K |
| 2 |
HPC
HM Payson & Co
Portland,
Maine
|
+$207K |
| 3 |
BHWM
Bar Harbor Wealth Management
Concord,
New Hampshire
|
+$146K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$127K |
| 5 |
Bank of New York Mellon
New York
|
+$125K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$614K |
| 2 |
Renaissance Technologies
New York
|
-$409K |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$236K |
| 4 |
SG Americas Securities
New York
|
-$119K |
| 5 |
State Street
Boston,
Massachusetts
|
-$79.9K |
FNLC Hedge Fund Activity: Q3 2022 in Review
69 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FNLC) for Q3 2022, worth a combined $118M — down 9% from $130M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FNLC and 3 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 23 added.
The largest buyer was Millennium Management, adding an estimated $378K. The largest seller was BlackRock, cutting an estimated $614K.
- 69 institutional investors held First Bancorp (FNLC) as of Q3 2022, down from 71 in Q2 2022.
- Funds reported $118M of First Bancorp stock for Q3 2022, down 9% quarter-over-quarter.
- 3 funds opened new First Bancorp positions in Q3 2022 and 5 closed out, a net change of -2 holders.
- The largest First Bancorp buyer in Q3 2022 was Millennium Management, an estimated $378K added.
- The largest First Bancorp seller in Q3 2022 was BlackRock, an estimated $614K sold.
Based on aggregated 13F filings for Q3 2022.