First United
FUNC
27 hedge funds and large institutions have $17.1M invested in First United in 2016 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 2 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
4% less funds holding
Funds holding: 28 → 27 (-1)
6% less capital invested
Capital invested by funds: $18.1M → $17.1M (-$1.03M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
+$753K |
| 2 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$181K |
| 3 |
SCC
Second Curve Capital
Radnor,
Pennsylvania
|
+$16K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$14.2K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$5.76K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FUBT
First United Bank & Trust
Oakland,
Maryland
|
-$160K |
| 2 |
AIM
Acrospire Investment Management
Chicago,
Illinois
|
-$54K |
| 3 |
Morgan Stanley
New York
|
-$31.5K |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
-$30.2K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$8.52K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GT
26
Glenmede Trust
Philadelphia,
Pennsylvania
| $4K | – | – | – |
|
27
Bank of Montreal
Toronto,
Ontario, Canada
| $2K | +$2.13K | +200 | New |
|
|
AIM
28
Acrospire Investment Management
Chicago,
Illinois
| – | -$54K | -4,899 | Closed |
|
29
Citigroup
New York
| – | -$8K | -721 | Closed |
|
FUNC Hedge Fund Activity: Q2 2016 in Review
27 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q2 2016, worth a combined $17.1M — down 5.7% from $18.1M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of FUNC and 1 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 7 added.
The largest buyer was Gendell Jeffrey L, adding an estimated $753K. The largest seller was First United Bank & Trust, cutting an estimated $160K.
- 27 institutional investors held First United (FUNC) as of Q2 2016, down from 28 in Q1 2016.
- Funds reported $17.1M of First United stock for Q2 2016, down 5.7% quarter-over-quarter.
- 1 fund opened new First United positions in Q2 2016 and 2 closed out, a net change of -1 holder.
- The largest First United buyer in Q2 2016 was Gendell Jeffrey L, an estimated $753K added.
- The largest First United seller in Q2 2016 was First United Bank & Trust, an estimated $160K sold.
Based on aggregated 13F filings for Q2 2016.