First United
FUNC
29 hedge funds and large institutions have $28.8M invested in First United in 2016 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 2 reducing their positions, and 2 closing their positions.
500% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 2
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
33% more capital invested
Capital invested by funds: $21.7M → $28.8M (+$7.13M)
28.83% more ownership
Funds ownership: 0% → 28.83% (+29%)
7% more funds holding
Funds holding: 27 → 29 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
+$515K |
| 2 |
PH
Pinnacle Holdings
Tulsa,
Oklahoma
|
+$382K |
| 3 |
ZIM
ZPR Investment Management
Orange City,
Florida
|
+$216K |
| 4 |
Renaissance Technologies
New York
|
+$166K |
| 5 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$150K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$861K |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
-$113K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$25K |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$16.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CHC
26
City Holding Co
Charleston,
West Virginia
| $8K | – | – | – |
|
27
EARNEST Partners
Atlanta,
Georgia
| $7K | – | – | – |
|
|
GT
28
Glenmede Trust
Philadelphia,
Pennsylvania
| $7K | – | – | – |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $2K | +$721 | +56 | +58% |
|
|
30
LSV Asset Management
Chicago,
Illinois
| – | -$113K | -9,171 | Closed |
|
|
31
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$25K | -2,000 | Closed |
|
FUNC Hedge Fund Activity: Q4 2016 in Review
29 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q4 2016, worth a combined $28.8M — up 33% from $21.7M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FUNC positions and 2 closed out — a net gain of 2 holders — while 12 added to existing stakes and 2 trimmed.
The largest buyer was Gendell Jeffrey L, adding an estimated $515K. The largest seller was Vanguard Group, cutting an estimated $861K.
- 29 institutional investors held First United (FUNC) as of Q4 2016, up from 27 in Q3 2016.
- Funds reported $28.8M of First United stock for Q4 2016, up 33% quarter-over-quarter.
- 4 funds opened new First United positions in Q4 2016 and 2 closed out, a net change of +2 holders.
- The largest First United buyer in Q4 2016 was Gendell Jeffrey L, an estimated $515K added.
- The largest First United seller in Q4 2016 was Vanguard Group, an estimated $861K sold.
Based on aggregated 13F filings for Q4 2016.