First Republic Bank
FRC
FRC was delisted on the 28th of April, 2023.
723 hedge funds and large institutions have $21.3B invested in First Republic Bank in 2022 Q4 according to their latest regulatory filings, with 100 funds opening new positions, 303 increasing their positions, 241 reducing their positions, and 86 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 303 | Existing positions reduced: 241
16% more first-time investments, than exits
New positions opened: 100 | Existing positions closed: 86
0% less funds holding
Funds holding: 726 → 723 (-3)
6% less capital invested
Capital invested by funds: $22.7B → $21.3B (-$1.43B)
31% less funds holding in top 10
Funds holding in top 10: 13 → 9 (-4)
36% less call options, than puts
Call options by funds: $39.2M | Put options by funds: $61.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$182M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$128M |
| 3 |
CI Investments Inc
Toronto,
Ontario, Canada
|
+$105M |
| 4 |
PG
Pendal Group
Sydney,
Australia
|
+$75.6M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
+$75.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$239M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$204M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$165M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
-$108M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$96.6M |
FRC Hedge Fund Activity: Q4 2022 in Review
723 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in First Republic Bank (FRC) for Q4 2022, worth a combined $21.3B — down 6.3% from $22.7B a quarter earlier.
Buyers outnumbered sellers: 100 funds opened new FRC positions and 86 closed out — a net gain of 14 holders — while 303 added to existing stakes and 241 trimmed.
The largest buyer was Diamond Hill Capital Management, adding an estimated $182M. The largest seller was Capital International Investors, cutting an estimated $239M.
- 723 institutional investors held First Republic Bank (FRC) as of Q4 2022, down from 726 in Q3 2022.
- Funds reported $21.3B of First Republic Bank stock for Q4 2022, down 6.3% quarter-over-quarter.
- 100 funds opened new First Republic Bank positions in Q4 2022 and 86 closed out, a net change of +14 holders.
- The largest First Republic Bank buyer in Q4 2022 was Diamond Hill Capital Management, an estimated $182M added.
- The largest First Republic Bank seller in Q4 2022 was Capital International Investors, an estimated $239M sold.
Based on aggregated 13F filings for Q4 2022.