First Bank
FRBA
77 hedge funds and large institutions have $188M invested in First Bank in 2023 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 31 increasing their positions, 21 reducing their positions, and 6 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 21
42% more capital invested
Capital invested by funds: $133M → $188M (+$55.5M)
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
1.95% more ownership
Funds ownership: 48.77% → 50.72% (+2%)
1% more funds holding
Funds holding: 76 → 77 (+1)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFP
Patriot Financial Partners
Radnor,
Pennsylvania
|
+$1.9M |
| 2 |
Morgan Stanley
New York
|
+$1.77M |
| 3 |
BlackRock
New York
|
+$1.17M |
| 4 |
II
Inspire Investing
Meridian,
Idaho
|
+$638K |
| 5 |
Bank of New York Mellon
New York
|
+$542K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jacobs Asset Management
New York
|
-$712K |
| 2 |
PCA
PL Capital Advisors
Naples,
Florida
|
-$697K |
| 3 |
BMCM
Bryn Mawr Capital Management
Philadelphia,
Pennsylvania
|
-$474K |
| 4 |
SO
STRS Ohio
Columbus,
Ohio
|
-$363K |
| 5 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$354K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Nisa Investment Advisors
St. Louis,
Missouri
| $632 | – | – | – |
|
|
GT
77
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$175K | -16,216 | Closed |
|
78
Arrowstreet Capital
Boston,
Massachusetts
| – | -$111K | -10,319 | Closed |
|
79
Creative Planning
Overland Park,
Kansas
| – | -$32.3K | -3,000 | Closed |
|
80
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$5.07K | -470 | Closed |
|
81
Fisher Asset Management
Camas,
Washington
| – | -$2.09K | -194 | Closed |
|
FRBA Hedge Fund Activity: Q4 2023 in Review
77 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Bank (FRBA) for Q4 2023, worth a combined $188M — up 42% from $133M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FRBA positions and 6 closed out — a net gain of 1 holder — while 31 added to existing stakes and 21 trimmed.
The largest buyer was Patriot Financial Partners, adding an estimated $1.9M. The largest seller was Jacobs Asset Management, cutting an estimated $712K.
- 77 institutional investors held First Bank (FRBA) as of Q4 2023, up from 76 in Q3 2023.
- Funds reported $188M of First Bank stock for Q4 2023, up 42% quarter-over-quarter.
- 7 funds opened new First Bank positions in Q4 2023 and 6 closed out, a net change of +1 holder.
- The largest First Bank buyer in Q4 2023 was Patriot Financial Partners, an estimated $1.9M added.
- The largest First Bank seller in Q4 2023 was Jacobs Asset Management, an estimated $712K sold.
Based on aggregated 13F filings for Q4 2023.