First Bank
FRBA
54 hedge funds and large institutions have $99.3M invested in First Bank in 2019 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 11 reducing their positions, and 8 closing their positions.
82% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 11
0.11% less ownership
Funds ownership: 46.54% → 46.42% (-0.11%)
4% less funds holding
Funds holding: 56 → 54 (-2)
5% less capital invested
Capital invested by funds: $105M → $99.3M (-$5.23M)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFP
Patriot Financial Partners
Radnor,
Pennsylvania
|
+$10.4M |
| 2 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$4.33M |
| 3 |
BCM
BHZ Capital Management
San Jose,
California
|
+$3.28M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.49M |
| 5 |
Renaissance Technologies
New York
|
+$1.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$16M |
| 2 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$6.41M |
| 3 |
EIM
Essex Investment Management
Boston,
Massachusetts
|
-$1.47M |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$1.44M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NL
51
NVWM LLC
Yardley,
Pennsylvania
| $5K | – | – | – |
|
|
CAW
52
Cornerstone Advisors (Washington)
Bellevue,
Washington
| $2K | +$1.83K | +160 | New |
|
|
GT
53
Glenmede Trust
Philadelphia,
Pennsylvania
| $1 | – | – | – |
|
|
FCM
54
FJ Capital Management
Mclean,
Virginia
| – | -$16M | -1,318,000 | Closed |
|
|
EMFAT
55
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
| – | -$6.41M | -528,554 | Closed |
|
|
EIM
56
Essex Investment Management
Boston,
Massachusetts
| – | -$1.47M | -121,010 | Closed |
|
|
KCM
57
Kennedy Capital Management
St Louis,
Missouri
| – | -$1.44M | -118,591 | Closed |
|
58
Millennium Management
New York
| – | -$236K | -19,441 | Closed |
|
|
RQS
59
Ramsey Quantitative Systems
Louisville,
Kentucky
| – | -$21K | -1,754 | Closed |
|
|
TRCT
60
Tower Research Capital (TRC)
New York
| – | -$10K | -803 | Closed |
|
61
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$3K | -229 | Closed |
|
FRBA Hedge Fund Activity: Q1 2019 in Review
54 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in First Bank (FRBA) for Q1 2019, worth a combined $99.3M — down 5% from $105M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FRBA and 6 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 20 added.
The largest buyer was Patriot Financial Partners, opening a new position worth an estimated $10.4M. The largest seller was FJ Capital Management, exiting entirely with an estimated $16M sold.
- 54 institutional investors held First Bank (FRBA) as of Q1 2019, down from 56 in Q4 2018.
- Funds reported $99.3M of First Bank stock for Q1 2019, down 5% quarter-over-quarter.
- 6 funds opened new First Bank positions in Q1 2019 and 8 closed out, a net change of -2 holders.
- The largest First Bank buyer in Q1 2019 was Patriot Financial Partners, an estimated $10.4M added.
- The largest First Bank seller in Q1 2019 was FJ Capital Management, an estimated $16M sold.
Based on aggregated 13F filings for Q1 2019.