First Bank
FRBA
76 hedge funds and large institutions have $133M invested in First Bank in 2023 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 35 increasing their positions, 9 reducing their positions, and 6 closing their positions.
289% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 9
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
37% more capital invested
Capital invested by funds: $96.8M → $133M (+$36M)
9% more funds holding
Funds holding: 70 → 76 (+6)
1.28% more ownership
Funds ownership: 47.49% → 48.77% (+1.3%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $3K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$6.72M |
| 2 |
PCA
PL Capital Advisors
Naples,
Florida
|
+$6.42M |
| 3 |
BlackRock
New York
|
+$4.67M |
| 4 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$4.51M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
BHZ Capital Management
San Jose,
California
|
-$1.81M |
| 2 |
HSBC Holdings
London,
United Kingdom
|
-$220K |
| 3 |
TI
Trexquant Investment
Stamford,
Connecticut
|
-$188K |
| 4 |
Russell Investments Group
London,
United Kingdom
|
-$168K |
| 5 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$140K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
HSBC Holdings
London,
United Kingdom
| – | -$220K | -20,748 | Closed |
|
|
TI
77
Trexquant Investment
Stamford,
Connecticut
| – | -$188K | -18,113 | Closed |
|
|
MAM
78
Martingale Asset Management
Boston,
Massachusetts
| – | -$140K | -13,515 | Closed |
|
79
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$139K | -13,428 | Closed |
|
80
Allspring Global Investments
Charlotte,
North Carolina
| – | -$7.84K | -755 | Closed |
|
|
LIM
81
Longfellow Investment Management
Boston,
Massachusetts
| – | +$17.2K | +1,490 | New |
|
FRBA Hedge Fund Activity: Q3 2023 in Review
76 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Bank (FRBA) for Q3 2023, worth a combined $133M — up 37% from $96.8M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FRBA positions and 6 closed out — a net gain of 8 holders — while 35 added to existing stakes and 9 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $6.72M. The largest seller was BHZ Capital Management, exiting entirely with an estimated $1.81M sold.
- 76 institutional investors held First Bank (FRBA) as of Q3 2023, up from 70 in Q2 2023.
- Funds reported $133M of First Bank stock for Q3 2023, up 37% quarter-over-quarter.
- 14 funds opened new First Bank positions in Q3 2023 and 6 closed out, a net change of +8 holders.
- The largest First Bank buyer in Q3 2023 was AllianceBernstein, an estimated $6.72M added.
- The largest First Bank seller in Q3 2023 was BHZ Capital Management, an estimated $1.81M sold.
Based on aggregated 13F filings for Q3 2023.