First United
FUNC
27 hedge funds and large institutions have $35M invested in First United in 2017 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 8 reducing their positions, and 2 closing their positions.
4% more capital invested
Capital invested by funds: $33.8M → $35M (+$1.22M)
0% more funds holding
Funds holding: 27 → 27 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
3.85% less ownership
Funds ownership: 37.12% → 33.27% (-3.8%)
13% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
+$471K |
| 2 |
WSL
Western Standard LLC
Los Angeles,
California
|
+$189K |
| 3 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$110K |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$44.2K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$35K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZIM
ZPR Investment Management
Orange City,
Florida
|
-$291K |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$131K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$123K |
| 4 |
FUBT
First United Bank & Trust
Oakland,
Maryland
|
-$32.7K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
-$31.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GT
26
Glenmede Trust
Philadelphia,
Pennsylvania
| $7K | – | – | – |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $6K | -$16.2K | -1,115 | -71% |
|
|
ZIM
28
ZPR Investment Management
Orange City,
Florida
| – | -$291K | -20,086 | Closed |
|
29
Acadian Asset Management
Boston,
Massachusetts
| – | -$21K | -1,430 | Closed |
|
FUNC Hedge Fund Activity: Q2 2017 in Review
27 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q2 2017, worth a combined $35M — up 3.6% from $33.8M a quarter earlier.
Fund positioning in FUNC was balanced in Q2 2017: 2 funds opened new positions, 2 closed out, 7 added to existing stakes and 8 trimmed.
The largest buyer was Gendell Jeffrey L, adding an estimated $471K. The largest seller was ZPR Investment Management, exiting entirely with an estimated $291K sold.
- 27 institutional investors held First United (FUNC) as of Q2 2017, unchanged from Q1 2017.
- Funds reported $35M of First United stock for Q2 2017, up 3.6% quarter-over-quarter.
- 2 funds opened new First United positions in Q2 2017 and 2 closed out, a net change of 0 holders.
- The largest First United buyer in Q2 2017 was Gendell Jeffrey L, an estimated $471K added.
- The largest First United seller in Q2 2017 was ZPR Investment Management, an estimated $291K sold.
Based on aggregated 13F filings for Q2 2017.