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FRC

First Republic Bank

Delisted

FRC was delisted on the 28th of April, 2023.

494 hedge funds and large institutions have $1.63B invested in First Republic Bank in 2023 Q1 according to their latest regulatory filings, with 126 funds opening new positions, 172 increasing their positions, 167 reducing their positions, and 342 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more repeat investments, than reductions

Existing positions increased: 172 | Existing positions reduced: 167

32% less funds holding

Funds holding: 725494 (-231)

53% less call options, than puts

Call options by funds: $263M | Put options by funds: $565M

63% less first-time investments, than exits

New positions opened: 126 | Existing positions closed: 342

67% less funds holding in top 10

Funds holding in top 10: 93 (-6)

93% less capital invested

Capital invested by funds: $22.3B → $1.63B (-$20.7B)

Holders
494
Holders Change
-231
Holders Change %
-31.86%
% of All Funds
7.87%
Holding in Top 10
3
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-66.67%
% of All Funds
0.05%
New
126
Increased
172
Reduced
167
Closed
342
Calls
$263M
Puts
$565M
Net Calls
-$302M
Net Calls Change
-$280M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
26
Bank of America
North Carolina
$9.55M -$30.5M -297,489 -30%
UBS AM
27
UBS AM
Illinois
$9.32M +$955K +9,316 +1%
JP Morgan Chase
28
JP Morgan Chase
New York
$8.95M -$121M -1,179,287 -65%
DLA
29
Douglas Lane & Associates
New York
$8.91M -$16.5M -160,520 -20%
MGIM
30
M&G Investment Management
United Kingdom
$7.73M -$361K -3,523 -0.6%
Barclays
31
Barclays
United Kingdom
$7.26M -$91.2M -889,953 -63%
Deutsche Bank
32
Deutsche Bank
Germany
$5.8M -$26.1M -255,046 -38%
Jacobs Levy Equity Management
33
Jacobs Levy Equity Management
New Jersey
$5.63M -$16.9M -164,532 -29%
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$5.46M -$527M -5,144,608 -93%
CS
35
Credit Suisse
Switzerland
$4.74M +$4.17M +40,703 +14%
RhumbLine Advisers
36
RhumbLine Advisers
Massachusetts
$4.71M +$623K +6,079 +2%
Sumitomo Mitsui Trust Group
37
Sumitomo Mitsui Trust Group
Japan
$4.68M -$19.6M -190,930 -36%
N
38
Nuveen
North Carolina
$4.63M -$120M -1,172,458 -78%
RG
39
Rathbones Group
United Kingdom
$4.63M +$4.54M +44,267 +15%
MAMU
40
Marathon Asset Management (UK)
United Kingdom
$4.53M +$10.1M +98,574 +44%
California State Teachers Retirement System (CalSTRS)
41
California State Teachers Retirement System (CalSTRS)
California
$4.27M -$162K -1,581 -0.5%
BCM
42
Basswood Capital Management
New York
$4.05M +$29.7M +289,723 New
TCM
43
Tang Capital Management
California
$3.9M +$28.6M +278,759 New
Cerity Partners
44
Cerity Partners
New York
$3.87M +$2.2M +21,427 +57%
Viking Global Investors
45
Viking Global Investors
Connecticut
$3.86M +$28.3M +276,260 New
Capital International Investors
46
Capital International Investors
California
$3.54M -$1.02B -9,989,581 -98%
California Public Employees Retirement System
47
California Public Employees Retirement System
California
$3.46M -$15.8M -153,837 -38%
T. Rowe Price Associates
48
T. Rowe Price Associates
Maryland
$3.42M -$28.1M -274,492 -53%
Squarepoint
49
Squarepoint
New York
$3.37M +$22.3M +217,354 +937%
EMG
50
ETF Managers Group
New Jersey
$3.36M +$24.6M +240,033 New

FRC Hedge Fund Activity: Q1 2023 in Review

494 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Republic Bank (FRC) for Q1 2023, worth a combined $1.63B — down 93% from $22.3B a quarter earlier.

Sellers outnumbered buyers: 342 funds closed out of FRC and 126 opened new positions — a net loss of 216 holders — while 167 trimmed existing stakes and 172 added.

The largest buyer was Renaissance Technologies, adding an estimated $734M. The largest seller was Capital International Investors, cutting an estimated $1.02B.

  • 494 institutional investors held First Republic Bank (FRC) as of Q1 2023, down from 725 in Q4 2022.
  • Funds reported $1.63B of First Republic Bank stock for Q1 2023, down 93% quarter-over-quarter.
  • 126 funds opened new First Republic Bank positions in Q1 2023 and 342 closed out, a net change of -216 holders.
  • The largest First Republic Bank buyer in Q1 2023 was Renaissance Technologies, an estimated $734M added.
  • The largest First Republic Bank seller in Q1 2023 was Capital International Investors, an estimated $1.02B sold.

Based on aggregated 13F filings for Q1 2023.