1st United Bancorp (Florida)
FUBC
FUBC was delisted on the 31st of October, 2014.
78 hedge funds and large institutions have $189M invested in 1st United Bancorp (Florida) in 2014 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 17 increasing their positions, 31 reducing their positions, and 11 closing their positions.
82% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 11
13% more funds holding
Funds holding: 69 → 78 (+9)
8% more capital invested
Capital invested by funds: $174M → $189M (+$14.3M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
45% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIC
Water Island Capital
New York
|
+$11.6M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$9.55M |
| 3 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$6.62M |
| 4 |
LOM
Loeb Offshore Management
New York
|
+$4M |
| 5 |
PI
PineBridge Investments
New York
|
+$3.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FHC
Forest Hill Capital
Little Rock,
Arkansas
|
-$16.4M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$12.6M |
| 3 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
-$9.04M |
| 4 |
MCM
Maltese Capital Management
New York
|
-$6.1M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$4.71M |
FUBC Hedge Fund Activity: Q2 2014 in Review
78 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in 1st United Bancorp (Florida) (FUBC) for Q2 2014, worth a combined $189M — up 8.2% from $174M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new FUBC positions and 11 closed out — a net gain of 9 holders — while 17 added to existing stakes and 31 trimmed.
The largest buyer was Water Island Capital, opening a new position worth an estimated $11.6M. The largest seller was Forest Hill Capital, exiting entirely with an estimated $16.4M sold.
- 78 institutional investors held 1st United Bancorp (Florida) (FUBC) as of Q2 2014, up from 69 in Q1 2014.
- Funds reported $189M of 1st United Bancorp (Florida) stock for Q2 2014, up 8.2% quarter-over-quarter.
- 20 funds opened new 1st United Bancorp (Florida) positions in Q2 2014 and 11 closed out, a net change of +9 holders.
- The largest 1st United Bancorp (Florida) buyer in Q2 2014 was Water Island Capital, an estimated $11.6M added.
- The largest 1st United Bancorp (Florida) seller in Q2 2014 was Forest Hill Capital, an estimated $16.4M sold.
Based on aggregated 13F filings for Q2 2014.