First Bank
FRBA
45 hedge funds and large institutions have $104M invested in First Bank in 2018 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 12 increasing their positions, 15 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
15% more funds holding
Funds holding: 39 → 45 (+6)
7% more capital invested
Capital invested by funds: $96.9M → $104M (+$7.12M)
2.2% more ownership
Funds ownership: 40.03% → 42.23% (+2.2%)
20% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$1.7M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$698K |
| 3 |
Goldman Sachs
New York
|
+$583K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$557K |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$508K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HTC
Haverford Trust Company
Radnor,
Pennsylvania
|
-$516K |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$297K |
| 3 |
First Manhattan
New York
|
-$181K |
| 4 |
GJL
Gendell Jeffrey L
|
-$168K |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$162K |
FRBA Hedge Fund Activity: Q1 2018 in Review
45 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in First Bank (FRBA) for Q1 2018, worth a combined $104M — up 7.4% from $96.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FRBA positions and 3 closed out — a net gain of 6 holders — while 12 added to existing stakes and 15 trimmed.
The largest buyer was Millennium Management, adding an estimated $1.7M. The largest seller was Haverford Trust Company, exiting entirely with an estimated $516K sold.
- 45 institutional investors held First Bank (FRBA) as of Q1 2018, up from 39 in Q4 2017.
- Funds reported $104M of First Bank stock for Q1 2018, up 7.4% quarter-over-quarter.
- 9 funds opened new First Bank positions in Q1 2018 and 3 closed out, a net change of +6 holders.
- The largest First Bank buyer in Q1 2018 was Millennium Management, an estimated $1.7M added.
- The largest First Bank seller in Q1 2018 was Haverford Trust Company, an estimated $516K sold.
Based on aggregated 13F filings for Q1 2018.