First Bancorp
FNLC
71 hedge funds and large institutions have $118M invested in First Bancorp in 2022 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 26 increasing their positions, 17 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
53% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 17
3% more funds holding
Funds holding: 69 → 71 (+2)
0% more capital invested
Capital invested by funds: $118M → $118M (+$73.8K)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.11% less ownership
Funds ownership: 38.89% → 35.78% (-3.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCA
Waypoint Capital Advisors
Minneapolis,
Minnesota
|
+$1.68M |
| 2 |
BlackRock
New York
|
+$671K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$414K |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$401K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$311K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$538K |
| 2 |
Renaissance Technologies
New York
|
-$228K |
| 3 |
Nuveen
Charlotte,
North Carolina
|
-$124K |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$80K |
| 5 |
Goldman Sachs
New York
|
-$66.3K |
FNLC Hedge Fund Activity: Q4 2022 in Review
71 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FNLC) for Q4 2022, worth a combined $118M — up 0.06% from $118M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FNLC positions and 2 closed out — a net gain of 3 holders — while 26 added to existing stakes and 17 trimmed.
The largest buyer was Waypoint Capital Advisors, opening a new position worth an estimated $1.68M. The largest seller was Millennium Management, exiting entirely with an estimated $538K sold.
- 71 institutional investors held First Bancorp (FNLC) as of Q4 2022, up from 69 in Q3 2022.
- Funds reported $118M of First Bancorp stock for Q4 2022, up 0.06% quarter-over-quarter.
- 5 funds opened new First Bancorp positions in Q4 2022 and 2 closed out, a net change of +3 holders.
- The largest First Bancorp buyer in Q4 2022 was Waypoint Capital Advisors, an estimated $1.68M added.
- The largest First Bancorp seller in Q4 2022 was Millennium Management, an estimated $538K sold.
Based on aggregated 13F filings for Q4 2022.