First Republic Bank
FRC
FRC was delisted on the 28th of April, 2023.
470 hedge funds and large institutions have $15.5B invested in First Republic Bank in 2018 Q1 according to their latest regulatory filings, with 55 funds opening new positions, 177 increasing their positions, 177 reducing their positions, and 74 closing their positions.
157% more call options, than puts
Call options by funds: $44.8M | Put options by funds: $17.4M
36% more funds holding in top 10
Funds holding in top 10: 11 → 15 (+4)
14% more capital invested
Capital invested by funds: $13.6B → $15.5B (+$1.88B)
0% more repeat investments, than reductions
Existing positions increased: 177 | Existing positions reduced: 177
5% less funds holding
Funds holding: 497 → 470 (-27)
26% less first-time investments, than exits
New positions opened: 55 | Existing positions closed: 74
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parnassus Investments
San Francisco,
California
|
+$429M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$272M |
| 3 |
Goldman Sachs
New York
|
+$227M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$190M |
| 5 |
HL
Harding Loevner
Bridgewater,
New Jersey
|
+$149M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$155M |
| 2 |
Aristotle Capital Management
Los Angeles,
California
|
-$79.2M |
| 3 |
MWNA
Marshall Wace North America
New York
|
-$77.3M |
| 4 |
Millennium Management
New York
|
-$66.8M |
| 5 |
Renaissance Technologies
New York
|
-$63.7M |
FRC Hedge Fund Activity: Q1 2018 in Review
470 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in First Republic Bank (FRC) for Q1 2018, worth a combined $15.5B — up 14% from $13.6B a quarter earlier.
Sellers outnumbered buyers: 74 funds closed out of FRC and 55 opened new positions — a net loss of 19 holders — while 177 trimmed existing stakes and 177 added.
The largest buyer was Parnassus Investments, opening a new position worth an estimated $429M. The largest seller was State Street, cutting an estimated $155M.
- 470 institutional investors held First Republic Bank (FRC) as of Q1 2018, down from 497 in Q4 2017.
- Funds reported $15.5B of First Republic Bank stock for Q1 2018, up 14% quarter-over-quarter.
- 55 funds opened new First Republic Bank positions in Q1 2018 and 74 closed out, a net change of -19 holders.
- The largest First Republic Bank buyer in Q1 2018 was Parnassus Investments, an estimated $429M added.
- The largest First Republic Bank seller in Q1 2018 was State Street, an estimated $155M sold.
Based on aggregated 13F filings for Q1 2018.