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First Bank

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.

New
Increased
Maintained
Reduced
Closed

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: 7677 (+1)

0% more funds holding in top 10

Funds holding in top 10: 33 (0)

Holders
77
Holders Change
+1
Holders Change %
+1.32%
% of All Funds
1.12%
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.04%
New
7
Increased
31
Reduced
21
Closed
6
Calls
$1K
Puts
Net Calls
+$1K
Net Calls Change
+$4K
Name Holding Trade Value Shares
Change
Change in
Stake
PFP
1
Patriot Financial Partners
Pennsylvania
$25.7M +$1.9M +152,900 +10%
BlackRock
2
BlackRock
New York
$25.4M +$1.17M +94,164 +6%
BFC
3
Banc Funds Company
Illinois
$24.9M -$354K -28,541 -2%
Vanguard Group
4
Vanguard Group
Pennsylvania
$17.7M +$104K +8,364 +0.7%
AllianceBernstein
5
AllianceBernstein
Tennessee
$12.7M +$11.4K +918 +0.1%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$10.9M -$66.8K -5,387 -0.7%
Wellington Management Group
7
Wellington Management Group
Massachusetts
$9.91M +$47.1K +3,800 +0.6%
PCA
8
PL Capital Advisors
Florida
$7.33M -$697K -56,238 -10%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$6.25M +$81.7K +6,585 +2%
CMS
10
Capital Market Strategies
Florida
$4.87M
State Street
11
State Street
Massachusetts
$4.43M +$13.4K +1,080 +0.4%
Morgan Stanley
12
Morgan Stanley
New York
$3.41M +$1.77M +142,424 +159%
IA
13
IAM Advisory
Pennsylvania
$2.72M +$11.1K +896 +0.5%
Northern Trust
14
Northern Trust
Illinois
$2.65M +$104K +8,426 +5%
JAM
15
Jacobs Asset Management
New York
$2.57M -$712K -57,416 -25%
BCM
16
Bridgeway Capital Management
Texas
$2.52M +$76.2K +6,144 +4%
PU
17
Petiole USA
New York
$2.27M
BCP
18
BlackBarn Capital Partners
New York
$1.76M +$1.49M +120,000 New
Bank of New York Mellon
19
Bank of New York Mellon
New York
$1.73M +$542K +43,713 +59%
Russell Investments Group
20
Russell Investments Group
United Kingdom
$1.69M +$262K +21,140 +23%
FP
21
Foundry Partners
Minnesota
$1.26M -$19.5K -1,575 -2%
Bank of America
22
Bank of America
North Carolina
$1.11M -$151K -12,160 -14%
GJL
23
Gendell Jeffrey L
$1.03M
EF
24
Empowered Funds
Pennsylvania
$1.01M +$76.2K +6,144 +10%
Charles Schwab
25
Charles Schwab
California
$829K +$508 +41 +0.1%

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.