First Bancorp
FNLC
69 hedge funds and large institutions have $132M invested in First Bancorp in 2023 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 24 increasing their positions, 19 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
27% more capital invested
Capital invested by funds: $104M → $132M (+$28.5M)
26% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 19
3% more funds holding
Funds holding: 67 → 69 (+2)
2.42% more ownership
Funds ownership: 39.88% → 42.3% (+2.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.02M |
| 2 |
BlackRock
New York
|
+$1.38M |
| 3 |
Barclays
London,
United Kingdom
|
+$292K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$273K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$273K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$1.23M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$415K |
| 3 |
CFP
Catalyst Financial Partners
Boston,
Massachusetts
|
-$248K |
| 4 |
FB
First Bancorp
Damariscotta,
Maine
|
-$219K |
| 5 |
AWM
Apollon Wealth Management
Mount Pleasant,
South Carolina
|
-$54.7K |
FNLC Hedge Fund Activity: Q4 2023 in Review
69 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FNLC) for Q4 2023, worth a combined $132M — up 27% from $104M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FNLC positions and 4 closed out — a net gain of 2 holders — while 24 added to existing stakes and 19 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.02M. The largest seller was Bank of New York Mellon, cutting an estimated $1.23M.
- 69 institutional investors held First Bancorp (FNLC) as of Q4 2023, up from 67 in Q3 2023.
- Funds reported $132M of First Bancorp stock for Q4 2023, up 27% quarter-over-quarter.
- 6 funds opened new First Bancorp positions in Q4 2023 and 4 closed out, a net change of +2 holders.
- The largest First Bancorp buyer in Q4 2023 was Morgan Stanley, an estimated $5.02M added.
- The largest First Bancorp seller in Q4 2023 was Bank of New York Mellon, an estimated $1.23M sold.
Based on aggregated 13F filings for Q4 2023.