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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
Franklin Resources
76
Franklin Resources
California
$1.95M -$2.74M -26,771 -16%
State of Wisconsin Investment Board
77
State of Wisconsin Investment Board
Wisconsin
$1.94M +$4.85M +47,273 +52%
EGM
78
Engineers Gate Manager
New York
$1.87M +$13.4M +131,194 +5,592%
GIM
79
Grassi Investment Management
California
$1.82M +$3.69M +36,000 +38%
Manulife (Manufacturers Life Insurance)
80
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.8M -$343K -3,345 -3%
KIA
81
KCM Investment Advisors
California
$1.71M -$218K -2,128 -2%
Canada Life
82
Canada Life
Manitoba, Canada
$1.62M -$33.7K -329 -0.3%
PHAM
83
Pacific Heights Asset Management
California
$1.61M +$1.54M +15,000 +15%
Chevy Chase Trust
84
Chevy Chase Trust
Maryland
$1.53M +$282K +2,751 +3%
ESCM
85
Echo Street Capital Management
New York
$1.5M +$10.8M +105,157 +5,480%
Millennium Management
86
Millennium Management
New York
$1.5M -$57.4M -559,643 -84%
Nomura Holdings
87
Nomura Holdings
Japan
$1.48M +$10.4M +101,706 +2,653%
TCM
88
Tran Capital Management
California
$1.47M +$10.8M +105,000 New
Man Group
89
Man Group
United Kingdom
$1.46M -$5.45M -53,173 Closed
FAF
90
Fjarde Ap-fonden
Sweden
$1.41M +$6.45M +62,900 +167%
Federated Hermes
91
Federated Hermes
Pennsylvania
$1.37M +$1.07M +10,393 +12%
First Trust Advisors
92
First Trust Advisors
Illinois
$1.36M +$5.48M +53,454 +122%
SCM
93
Saba Capital Management
New York
$1.34M +$9.79M +95,560 New
Ohio Public Employees Retirement System (OPERS)
94
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.29M -$260K -2,537 -3%
LPL Financial
95
LPL Financial
California
$1.27M +$5.16M +50,363 +124%
MSV
96
MN Services Vermogensbeheer
Netherlands
$1.22M +$277K +2,700 +3%
Citadel Advisors
97
Citadel Advisors
Florida
$1.21M +$4.08M +39,845 +85%
PAMS
98
Pictet Asset Management (Switzerland)
Switzerland
$1.16M -$155K -1,511 -2%
Toronto Dominion Bank
99
Toronto Dominion Bank
Ontario, Canada
$1.14M -$1.54M -15,058 -16%
Citigroup
100
Citigroup
New York
$1.14M -$6.5M -63,390 -44%

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.