First Bancorp
FNLC
67 hedge funds and large institutions have $115M invested in First Bancorp in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 21 increasing their positions, 24 reducing their positions, and 7 closing their positions.
4.42% more ownership
Funds ownership: 35.78% → 40.2% (+4.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $118M → $115M (-$2.95M)
6% less funds holding
Funds holding: 71 → 67 (-4)
13% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 24
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$1.55M |
| 2 |
Morgan Stanley
New York
|
+$485K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$333K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$166K |
| 5 |
State Street
Boston,
Massachusetts
|
+$133K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$413K |
| 2 |
BlackRock
New York
|
-$362K |
| 3 |
Nuveen
Charlotte,
North Carolina
|
-$272K |
| 4 |
BST
Bath Savings Trust
Bath,
Maine
|
-$116K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$113K |
FNLC Hedge Fund Activity: Q1 2023 in Review
67 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FNLC) for Q1 2023, worth a combined $115M — down 2.5% from $118M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FNLC and 3 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 21 added.
The largest buyer was Fidelity Investments, adding an estimated $1.55M. The largest seller was Invesco, exiting entirely with an estimated $413K sold.
- 67 institutional investors held First Bancorp (FNLC) as of Q1 2023, down from 71 in Q4 2022.
- Funds reported $115M of First Bancorp stock for Q1 2023, down 2.5% quarter-over-quarter.
- 3 funds opened new First Bancorp positions in Q1 2023 and 7 closed out, a net change of -4 holders.
- The largest First Bancorp buyer in Q1 2023 was Fidelity Investments, an estimated $1.55M added.
- The largest First Bancorp seller in Q1 2023 was Invesco, an estimated $413K sold.
Based on aggregated 13F filings for Q1 2023.