First United
FUNC
27 hedge funds and large institutions have $21.7M invested in First United in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 2 closing their positions.
27% more capital invested
Capital invested by funds: $17.1M → $21.7M (+$4.61M)
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
0% more funds holding
Funds holding: 27 → 27 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$380K |
| 2 |
PH
Pinnacle Holdings
Tulsa,
Oklahoma
|
+$77.1K |
| 3 |
SCC
Second Curve Capital
Radnor,
Pennsylvania
|
+$41.3K |
| 4 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$38.3K |
| 5 |
GJL
Gendell Jeffrey L
|
+$31.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FUBT
First United Bank & Trust
Oakland,
Maryland
|
-$218K |
| 2 |
Bank of New York Mellon
New York
|
-$100K |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$70.5K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$22.7K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$4.75K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
EARNEST Partners
Atlanta,
Georgia
| $5K | – | – | – |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $1K | -$4.75K | -460 | -83% |
|
|
28
Bank of New York Mellon
New York
| – | -$100K | -10,144 | Closed |
|
29
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$2K | -200 | Closed |
|
FUNC Hedge Fund Activity: Q3 2016 in Review
27 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q3 2016, worth a combined $21.7M — up 27% from $17.1M a quarter earlier.
Fund positioning in FUNC was balanced in Q3 2016: 2 funds opened new positions, 2 closed out, 7 added to existing stakes and 6 trimmed.
The largest buyer was Janney Montgomery Scott, opening a new position worth an estimated $380K. The largest seller was First United Bank & Trust, cutting an estimated $218K.
- 27 institutional investors held First United (FUNC) as of Q3 2016, unchanged from Q2 2016.
- Funds reported $21.7M of First United stock for Q3 2016, up 27% quarter-over-quarter.
- 2 funds opened new First United positions in Q3 2016 and 2 closed out, a net change of 0 holders.
- The largest First United buyer in Q3 2016 was Janney Montgomery Scott, an estimated $380K added.
- The largest First United seller in Q3 2016 was First United Bank & Trust, an estimated $218K sold.
Based on aggregated 13F filings for Q3 2016.