First Bank
FRBA
109 hedge funds and large institutions have $224M invested in First Bank in 2025 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 45 increasing their positions, 25 reducing their positions, and 5 closing their positions.
200% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 5
80% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 25
8% more funds holding
Funds holding: 101 → 109 (+8)
4% more capital invested
Capital invested by funds: $216M → $224M (+$8.08M)
1.05% less ownership
Funds ownership: 71.48% → 70.43% (-1.1%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$4.35M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$1.1M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
+$759K |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$559K |
| 5 |
II
Inspire Investing
Meridian,
Idaho
|
+$452K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$3.45M |
| 2 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
-$710K |
| 3 |
BlackRock
New York
|
-$605K |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$596K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$422K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SAM
101
Smartleaf Asset Management
Boston,
Massachusetts
| $2.41K | – | – | – |
|
|
SOW
102
State of Wyoming
Cheyenne,
Wyoming
| $1.73K | -$609 | -38 | -26% |
|
|
IA
103
IFP Advisors
Tampa,
Florida
| $1.6K | +$497 | +31 | +46% |
|
|
AF
104
Allworth Financial
Folsom,
California
| $766 | +$577 | +36 | +327% |
|
105
Nisa Investment Advisors
St. Louis,
Missouri
| $700 | – | – | – |
|
|
BIM
106
Breakwater Investment Management
Seattle,
Washington
| $489 | +$481 | +30 | New |
|
|
WT
107
Whittier Trust
South Pasadena,
California
| $414 | +$416 | +26 | New |
|
|
TWD
108
True Wealth Design
Akron,
Ohio
| $277 | +$272 | +17 | New |
|
|
CA
109
Clearstead Advisors
Cleveland,
Ohio
| $229 | – | – | – |
|
|
BPA
110
Beacon Pointe Advisors
Newport Beach,
California
| – | -$710K | -45,872 | Closed |
|
|
111
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$422K | -27,281 | Closed |
|
|
RA
112
Raffles Associates
New York
| – | -$315K | -20,394 | Closed |
|
|
B
113
Bailard
Foster City,
California
| – | -$294K | -19,000 | Closed |
|
|
GCP
114
GSA Capital Partners
London,
United Kingdom
| – | -$225K | -14,545 | Closed |
|
FRBA Hedge Fund Activity: Q3 2025 in Review
109 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in First Bank (FRBA) for Q3 2025, worth a combined $224M — up 3.7% from $216M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FRBA positions and 5 closed out — a net gain of 10 holders — while 45 added to existing stakes and 25 trimmed.
The largest buyer was Royce & Associates, adding an estimated $4.35M. The largest seller was Banc Funds Company, cutting an estimated $3.45M.
- 109 institutional investors held First Bank (FRBA) as of Q3 2025, up from 101 in Q2 2025.
- Funds reported $224M of First Bank stock for Q3 2025, up 3.7% quarter-over-quarter.
- 15 funds opened new First Bank positions in Q3 2025 and 5 closed out, a net change of +10 holders.
- The largest First Bank buyer in Q3 2025 was Royce & Associates, an estimated $4.35M added.
- The largest First Bank seller in Q3 2025 was Banc Funds Company, an estimated $3.45M sold.
Based on aggregated 13F filings for Q3 2025.