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FRC

First Republic Bank

Delisted

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

92 hedge funds and large institutions have $10.7M invested in First Republic Bank in 2023 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 12 increasing their positions, 38 reducing their positions, and 410 closing their positions.

New
Increased
Maintained
Reduced
Closed

68% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 38

73% less call options, than puts

Call options by funds: $471K | Put options by funds: $1.74M

81% less funds holding

Funds holding: 49492 (-402)

97% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 410

99% less capital invested

Capital invested by funds: $1.63B → $10.7M (-$1.62B)

100% less funds holding in top 10

Funds holding in top 10: 30 (-3)

Holders
92
Holders Change
-402
Holders Change %
-81.38%
% of All Funds
1.44%
Holding in Top 10
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-100%
% of All Funds
New
12
Increased
12
Reduced
38
Closed
410
Calls
$471K
Puts
$1.74M
Net Calls
-$1.27M
Net Calls Change
+$301M
Name Holding Trade Value Shares
Change
Change in
Stake
Franklin Resources
151
Franklin Resources
California
-$1.95M -139,151 Closed
State of Wisconsin Investment Board
152
State of Wisconsin Investment Board
Wisconsin
-$1.94M -138,868 Closed
EGM
153
Engineers Gate Manager
New York
-$1.87M -133,540 Closed
GIM
154
Grassi Investment Management
California
-$1.82M -130,000 Closed
Manulife (Manufacturers Life Insurance)
155
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$1.8M -128,741 Closed
KIA
156
KCM Investment Advisors
California
-$1.71M -121,874 Closed
Canada Life
157
Canada Life
Manitoba, Canada
-$1.62M -115,603 Closed
PHAM
158
Pacific Heights Asset Management
California
-$1.61M -115,000 Closed
Chevy Chase Trust
159
Chevy Chase Trust
Maryland
-$1.53M -109,262 Closed
ESCM
160
Echo Street Capital Management
New York
-$1.5M -107,076 Closed
Millennium Management
161
Millennium Management
New York
-$1.5M -106,834 Closed
Nomura Holdings
162
Nomura Holdings
Japan
-$1.48M -105,540 Closed
TCM
163
Tran Capital Management
California
-$1.47M -105,000 Closed
FAF
164
Fjarde Ap-fonden
Sweden
-$1.41M -100,634 Closed
Federated Hermes
165
Federated Hermes
Pennsylvania
-$1.37M -97,988 Closed
First Trust Advisors
166
First Trust Advisors
Illinois
-$1.36M -97,286 Closed
SCM
167
Saba Capital Management
New York
-$1.34M -95,560 Closed
Ohio Public Employees Retirement System (OPERS)
168
Ohio Public Employees Retirement System (OPERS)
Ohio
-$1.29M -92,131 Closed
LPL Financial
169
LPL Financial
California
-$1.27M -90,928 Closed
MSV
170
MN Services Vermogensbeheer
Netherlands
-$1.22M -87,143 Closed
Citadel Advisors
171
Citadel Advisors
Florida
-$1.21M -86,731 Closed
PAMS
172
Pictet Asset Management (Switzerland)
Switzerland
-$1.16M -83,017 Closed
Toronto Dominion Bank
173
Toronto Dominion Bank
Ontario, Canada
-$1.14M -81,791 Closed
Citigroup
174
Citigroup
New York
-$1.14M -81,574 Closed
Treasurer of the State of North Carolina
175
Treasurer of the State of North Carolina
North Carolina
-$1.13M -81,013 Closed

FRC Hedge Fund Activity: Q2 2023 in Review

92 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Republic Bank (FRC) for Q2 2023, worth a combined $10.7M — down 99% from $1.63B a quarter earlier.

Sellers outnumbered buyers: 410 funds closed out of FRC and 12 opened new positions — a net loss of 398 holders — while 38 trimmed existing stakes and 12 added.

The largest buyer was Basswood Capital Management, adding an estimated $7.71M. The largest seller was Vanguard Group, exiting entirely with an estimated $297M sold.

  • 92 institutional investors held First Republic Bank (FRC) as of Q2 2023, down from 494 in Q1 2023.
  • Funds reported $10.7M of First Republic Bank stock for Q2 2023, down 99% quarter-over-quarter.
  • 12 funds opened new First Republic Bank positions in Q2 2023 and 410 closed out, a net change of -398 holders.
  • The largest First Republic Bank buyer in Q2 2023 was Basswood Capital Management, an estimated $7.71M added.
  • The largest First Republic Bank seller in Q2 2023 was Vanguard Group, an estimated $297M sold.

Based on aggregated 13F filings for Q2 2023.