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 6 funds opening new positions, 18 increasing their positions, 27 reducing their positions, and 5 closing their positions.
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
4.36% more ownership
Funds ownership: 43.98% → 48.34% (+4.4%)
1% more funds holding
Funds holding: 73 → 74 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
19% less capital invested
Capital invested by funds: $119M → $95.8M (-$22.7M)
33% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$3.63M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.41M |
| 3 |
JAM
Jacobs Asset Management
New York
|
+$483K |
| 4 |
HSBC Holdings
London,
United Kingdom
|
+$267K |
| 5 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$258K |
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 |
FRBA Hedge Fund Activity: Q1 2023 in Review
74 of the 6,283 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.
Buyers outnumbered sellers: 6 funds opened new FRBA positions and 5 closed out — a net gain of 1 holder — while 18 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, up from 73 in Q4 2022.
- Funds reported $95.8M of First Bank stock for Q1 2023, down 19% quarter-over-quarter.
- 6 funds opened new First Bank positions in Q1 2023 and 5 closed out, a net change of +1 holder.
- 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.