First Republic Bank
FRC
FRC was delisted on the 28th of April, 2023.
492 hedge funds and large institutions have $1.5B invested in First Republic Bank in 2023 Q1 according to their latest regulatory filings, with 127 funds opening new positions, 173 increasing their positions, 163 reducing their positions, and 343 closing their positions.
6% more repeat investments, than reductions
Existing positions increased: 173 | Existing positions reduced: 163
32% less funds holding
Funds holding: 723 → 492 (-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: 127 | Existing positions closed: 343
67% less funds holding in top 10
Funds holding in top 10: 9 → 3 (-6)
93% less capital invested
Capital invested by funds: $21.3B → $1.5B (-$19.8B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$734M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$286M |
| 3 |
D.E. Shaw & Co
New York
|
+$275M |
| 4 |
AGM
Alpine Global Management
New York
|
+$173M |
| 5 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$159M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$1.02B |
| 2 |
ATO
Alecta Tjanstepension Omsesidigt
Stockholm,
Sweden
|
-$867M |
| 3 |
Select Equity Group
New York
|
-$610M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$527M |
| 5 |
HL
Harding Loevner
Bridgewater,
New Jersey
|
-$400M |
FRC Hedge Fund Activity: Q1 2023 in Review
492 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in First Republic Bank (FRC) for Q1 2023, worth a combined $1.5B — down 93% from $21.3B a quarter earlier.
Sellers outnumbered buyers: 343 funds closed out of FRC and 127 opened new positions — a net loss of 216 holders — while 163 trimmed existing stakes and 173 added.
The largest buyer was Renaissance Technologies, adding an estimated $734M. The largest seller was Capital International Investors, cutting an estimated $1.02B.
- 492 institutional investors held First Republic Bank (FRC) as of Q1 2023, down from 723 in Q4 2022.
- Funds reported $1.5B of First Republic Bank stock for Q1 2023, down 93% quarter-over-quarter.
- 127 funds opened new First Republic Bank positions in Q1 2023 and 343 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.