First Bank
FRBA
74 hedge funds and large institutions have $95.8M invested in First Bank in 2023 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 27 reducing their positions, and 5 closing their positions.
0.94% more ownership
Funds ownership: 47.41% → 48.34% (+0.94%)
0% more funds holding
Funds holding: 74 → 74 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
19% less capital invested
Capital invested by funds: $119M → $95.8M (-$22.7M)
30% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$3.63M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.41M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$509K |
| 4 |
JAM
Jacobs Asset Management
New York
|
+$483K |
| 5 |
HSBC Holdings
London,
United Kingdom
|
+$267K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$1.16M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$664K |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$616K |
| 4 |
JCP
Jennifer C. Price
|
-$593K |
| 5 |
Millennium Management
New York
|
-$463K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Invesco
Atlanta,
Georgia
| – | -$285K | -20,686 | Closed |
|
|
EMFAT
77
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
| – | -$153K | -11,108 | Closed |
|
78
Rockefeller Capital Management
New York
| – | -$13K | -1,000 | Closed |
|
|
CS
79
Credit Suisse
Zurich,
Switzerland
| – | -$14 | -1 | Closed |
|
FRBA Hedge Fund Activity: Q1 2023 in Review
74 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Bank (FRBA) for Q1 2023, worth a combined $95.8M — down 19% from $119M a quarter earlier.
Fund positioning in FRBA was balanced in Q1 2023: 5 funds opened new positions, 5 closed out, 19 added to existing stakes and 27 trimmed.
The largest buyer was BlackRock, adding an estimated $3.63M. The largest seller was Hillsdale Investment Management, exiting entirely with an estimated $1.16M sold.
- 74 institutional investors held First Bank (FRBA) as of Q1 2023, unchanged from Q4 2022.
- Funds reported $95.8M of First Bank stock for Q1 2023, down 19% quarter-over-quarter.
- 5 funds opened new First Bank positions in Q1 2023 and 5 closed out, a net change of 0 holders.
- The largest First Bank buyer in Q1 2023 was BlackRock, an estimated $3.63M added.
- The largest First Bank seller in Q1 2023 was Hillsdale Investment Management, an estimated $1.16M sold.
Based on aggregated 13F filings for Q1 2023.