First United
FUNC
28 hedge funds and large institutions have $18.1M invested in First United in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 5 reducing their positions, and 0 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 5
17% more funds holding
Funds holding: 24 → 28 (+4)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1% less capital invested
Capital invested by funds: $18.2M → $18.1M (-$115K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
+$2.45M |
| 2 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$277K |
| 3 |
Morgan Stanley
New York
|
+$41.9K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$32.8K |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$31.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCC
Second Curve Capital
Radnor,
Pennsylvania
|
-$1.59M |
| 2 |
FUBT
First United Bank & Trust
Oakland,
Maryland
|
-$100K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$91.5K |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$16.3K |
| 5 |
BIM
BlackRock Investment Management
Wilmington,
Delaware
|
-$1.13K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
EARNEST Partners
Atlanta,
Georgia
| $5K | – | – | – |
|
|
GT
27
Glenmede Trust
Philadelphia,
Pennsylvania
| $5K | – | – | – |
|
28
Geode Capital Management
Boston,
Massachusetts
| $198 | – | – | – |
|
FUNC Hedge Fund Activity: Q1 2016 in Review
28 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q1 2016, worth a combined $18.1M — down 0.63% from $18.2M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FUNC positions and 0 closed out — a net gain of 4 holders — while 8 added to existing stakes and 5 trimmed.
The largest buyer was Gendell Jeffrey L, opening a new position worth an estimated $2.45M. The largest seller was Second Curve Capital, cutting an estimated $1.59M.
- 28 institutional investors held First United (FUNC) as of Q1 2016, up from 24 in Q4 2015.
- Funds reported $18.1M of First United stock for Q1 2016, down 0.63% quarter-over-quarter.
- 4 funds opened new First United positions in Q1 2016 and 0 closed out, a net change of +4 holders.
- The largest First United buyer in Q1 2016 was Gendell Jeffrey L, an estimated $2.45M added.
- The largest First United seller in Q1 2016 was Second Curve Capital, an estimated $1.59M sold.
Based on aggregated 13F filings for Q1 2016.