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First United
FUNC

88 hedge funds and large institutions have $112M invested in First United in 2026 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 26 increasing their positions, 35 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

2% more funds holding

Funds holding: 86 → 88 (+2)

0.63% less ownership

Funds ownership: 47.64% → 47.01% (-0.63%)

3% less capital invested

Capital invested by funds: $116M → $112M (-$3.81M)

26% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 35

Holders
88
Holders Change
+2
Holders Change %
+2.33%
% of All Funds
1.08%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
26
Reduced
35
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MAM
Martingale Asset Management
Massachusetts
+$840K
2
Goldman Sachs
Goldman Sachs
New York
+$615K
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$487K
4
Morgan Stanley
Morgan Stanley
New York
+$359K
5
Millennium Management
Millennium Management
New York
+$350K

Top Sellers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
-$1.4M
2
Marshall Wace
Marshall Wace
United Kingdom
-$573K
3
Jane Street
Jane Street
New York
-$501K
4
Citadel Advisors
Citadel Advisors
Florida
-$357K
5
N
Nuveen
North Carolina
-$277K
Name Holding Trade Value Shares
Change 		Change in
Stake
AOCA
26
Angel Oak Capital Advisors
Georgia
$868K – – –
Citadel Advisors
27
Citadel Advisors
Florida
$848K -$357K -9,606 -29%
LSV Asset Management
28
LSV Asset Management
Illinois
$832K +$63.4K +1,706 +8%
MAM
29
Martingale Asset Management
Massachusetts
$828K +$840K +22,611 New
SIM
30
SummerHaven Investment Management
Connecticut
$820K -$104K -2,808 -11%
HAM
31
HoldCo Asset Management
Florida
$762K – – –
Los Angeles Capital Management
32
Los Angeles Capital Management
California
$706K -$25K -672 -3%
Charles Schwab
33
Charles Schwab
California
$583K -$76.2K -2,051 -11%
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$557K -$3.64K -98 -0.6%
Squarepoint
35
Squarepoint
New York
$529K +$83K +2,234 +18%
TI
36
Trexquant Investment
Connecticut
$459K -$186K -5,009 -29%
HSBC Holdings
37
HSBC Holdings
United Kingdom
$427K +$131K +3,528 +44%
Barclays
38
Barclays
United Kingdom
$396K -$240K -6,460 -37%
T. Rowe Price Associates
39
T. Rowe Price Associates
Maryland
$392K -$37.2K -1,000 -9%
Millennium Management
40
Millennium Management
New York
$345K +$350K +9,418 New
OSAM
41
O'Shaughnessy Asset Management
Connecticut
$311K -$66.6K -1,791 -17%
Prudential Financial
42
Prudential Financial
New Jersey
$273K +$277K +7,445 New
Osaic Holdings
43
Osaic Holdings
Arizona
$259K +$1.75K +47 +0.7%
RWM
44
Ritholtz Wealth Management
New York
$253K -$7.32K -197 -3%
Connor, Clark & Lunn Investment Management (CC&L)
45
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$231K +$5.61K +151 +2%
Bank of America
46
Bank of America
North Carolina
$230K -$67.2K -1,807 -22%
N
47
Nuveen
North Carolina
$216K -$277K -7,445 -56%
WANY
48
Wealthspire Advisors (New York)
New York
$210K -$51K -1,371 -19%
Corient Private Wealth
49
Corient Private Wealth
Florida
$201K -$204K -5,489 -50%
Deutsche Bank
50
Deutsche Bank
Germany
$175K -$8.29K -223 -4%
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FUNC Hedge Fund Activity: Q1 2026 in Review

88 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q1 2026, worth a combined $112M — down 3.3% from $116M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new FUNC positions and 8 closed out — a net gain of 3 holders — while 26 added to existing stakes and 35 trimmed.

The largest buyer was Martingale Asset Management, opening a new position worth an estimated $840K. The largest seller was Fourthstone LLC, exiting entirely with an estimated $1.4M sold.

  • 88 institutional investors held First United (FUNC) as of Q1 2026, up from 86 in Q4 2025.
  • Funds reported $112M of First United stock for Q1 2026, down 3.3% quarter-over-quarter.
  • 11 funds opened new First United positions in Q1 2026 and 8 closed out, a net change of +3 holders.
  • The largest First United buyer in Q1 2026 was Martingale Asset Management, an estimated $840K added.
  • The largest First United seller in Q1 2026 was Fourthstone LLC, an estimated $1.4M sold.

Based on aggregated 13F filings for Q1 2026.