First Bancorp
FNLC
65 hedge funds and large institutions have $111M invested in First Bancorp in 2024 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 26 reducing their positions, and 8 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.94% less ownership
Funds ownership: 42.3% → 40.36% (-1.9%)
6% less funds holding
Funds holding: 69 → 65 (-4)
16% less capital invested
Capital invested by funds: $132M → $111M (-$21.5M)
38% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 26
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$434K |
| 2 |
State Street
Boston,
Massachusetts
|
+$422K |
| 3 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$318K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$218K |
| 5 |
QC
Quadrature Capital
London,
United Kingdom
|
+$214K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.77M |
| 2 |
BlackRock
New York
|
-$650K |
| 3 |
EWA
Emergent Wealth Advisors
Williamsville,
New York
|
-$437K |
| 4 |
CFP
Catalyst Financial Partners
Boston,
Massachusetts
|
-$282K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$223K |
FNLC Hedge Fund Activity: Q1 2024 in Review
65 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Bancorp (FNLC) for Q1 2024, worth a combined $111M — down 16% from $132M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FNLC and 4 opened new positions — a net loss of 4 holders — while 26 trimmed existing stakes and 16 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $434K. The largest seller was Morgan Stanley, cutting an estimated $4.77M.
- 65 institutional investors held First Bancorp (FNLC) as of Q1 2024, down from 69 in Q4 2023.
- Funds reported $111M of First Bancorp stock for Q1 2024, down 16% quarter-over-quarter.
- 4 funds opened new First Bancorp positions in Q1 2024 and 8 closed out, a net change of -4 holders.
- The largest First Bancorp buyer in Q1 2024 was Susquehanna International Group, an estimated $434K added.
- The largest First Bancorp seller in Q1 2024 was Morgan Stanley, an estimated $4.77M sold.
Based on aggregated 13F filings for Q1 2024.