First United
FUNC
27 hedge funds and large institutions have $33.8M invested in First United in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 1 reducing their positions, and 3 closing their positions.
1,800% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 1
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
17% more capital invested
Capital invested by funds: $28.8M → $33.8M (+$4.92M)
8.29% more ownership
Funds ownership: 28.83% → 37.12% (+8.3%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
7% less funds holding
Funds holding: 29 → 27 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$2.26M |
| 2 |
SCC
Second Curve Capital
Radnor,
Pennsylvania
|
+$1.44M |
| 3 |
GJL
Gendell Jeffrey L
|
+$1.27M |
| 4 |
BlackRock
New York
|
+$518K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$425K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCI
Financial Counselors Inc
Overland Park,
Kansas
|
-$206K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$16K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$8.66K |
| 4 |
EARNEST Partners
Atlanta,
Georgia
|
-$7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CHC
26
City Holding Co
Charleston,
West Virginia
| $7K | – | – | – |
|
|
GT
27
Glenmede Trust
Philadelphia,
Pennsylvania
| $7K | – | – | – |
|
|
FCI
28
Financial Counselors Inc
Overland Park,
Kansas
| – | -$206K | -12,901 | Closed |
|
|
29
Bank of America
Charlotte,
North Carolina
| – | -$16K | -985 | Closed |
|
|
30
EARNEST Partners
Atlanta,
Georgia
| – | -$7K | -442 | Closed |
|
FUNC Hedge Fund Activity: Q1 2017 in Review
27 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q1 2017, worth a combined $33.8M — up 17% from $28.8M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FUNC positions and 3 closed out — a net gain of 2 holders — while 19 added to existing stakes and 1 trimmed.
The largest buyer was M3F Inc, adding an estimated $2.26M. The largest seller was Financial Counselors Inc, exiting entirely with an estimated $206K sold.
- 27 institutional investors held First United (FUNC) as of Q1 2017, down from 29 in Q4 2016.
- Funds reported $33.8M of First United stock for Q1 2017, up 17% quarter-over-quarter.
- 5 funds opened new First United positions in Q1 2017 and 3 closed out, a net change of +2 holders.
- The largest First United buyer in Q1 2017 was M3F Inc, an estimated $2.26M added.
- The largest First United seller in Q1 2017 was Financial Counselors Inc, an estimated $206K sold.
Based on aggregated 13F filings for Q1 2017.