First Republic Bank
FRC
FRC was delisted on the 28th of April, 2023.
677 hedge funds and large institutions have $28B invested in First Republic Bank in 2021 Q1 according to their latest regulatory filings, with 96 funds opening new positions, 254 increasing their positions, 241 reducing their positions, and 47 closing their positions.
104% more first-time investments, than exits
New positions opened: 96 | Existing positions closed: 47
44% more funds holding in top 10
Funds holding in top 10: 9 → 13 (+4)
19% more call options, than puts
Call options by funds: $30.5M | Put options by funds: $25.6M
14% more capital invested
Capital invested by funds: $24.6B → $28B (+$3.34B)
7% more funds holding
Funds holding: 635 → 677 (+42)
5% more repeat investments, than reductions
Existing positions increased: 254 | Existing positions reduced: 241
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ATO
Alecta Tjanstepension Omsesidigt
Stockholm,
Sweden
|
+$131M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$127M |
| 3 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$122M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$120M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$99.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$328M |
| 2 |
Aberdeen Group
Edinburgh,
United Kingdom
|
-$114M |
| 3 |
Select Equity Group
New York
|
-$105M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$82.9M |
| 5 |
MGIM
M&G Investment Management
London,
United Kingdom
|
-$46M |
FRC Hedge Fund Activity: Q1 2021 in Review
677 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in First Republic Bank (FRC) for Q1 2021, worth a combined $28B — up 14% from $24.6B a quarter earlier.
Buyers outnumbered sellers: 96 funds opened new FRC positions and 47 closed out — a net gain of 49 holders — while 254 added to existing stakes and 241 trimmed.
The largest buyer was Alecta Tjanstepension Omsesidigt, adding an estimated $131M. The largest seller was JP Morgan Chase, cutting an estimated $328M.
- 677 institutional investors held First Republic Bank (FRC) as of Q1 2021, up from 635 in Q4 2020.
- Funds reported $28B of First Republic Bank stock for Q1 2021, up 14% quarter-over-quarter.
- 96 funds opened new First Republic Bank positions in Q1 2021 and 47 closed out, a net change of +49 holders.
- The largest First Republic Bank buyer in Q1 2021 was Alecta Tjanstepension Omsesidigt, an estimated $131M added.
- The largest First Republic Bank seller in Q1 2021 was JP Morgan Chase, an estimated $328M sold.
Based on aggregated 13F filings for Q1 2021.