First United
FUNC
27 hedge funds and large institutions have $40.6M invested in First United in 2017 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 3 closing their positions.
16% more capital invested
Capital invested by funds: $35M → $40.6M (+$5.6M)
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
1.26% more ownership
Funds ownership: 33.27% → 34.53% (+1.3%)
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: 3 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
+$1.12M |
| 2 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$534K |
| 3 |
PH
Pinnacle Holdings
Tulsa,
Oklahoma
|
+$152K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$112K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$86.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$339K |
| 2 |
FUBT
First United Bank & Trust
Oakland,
Maryland
|
-$149K |
| 3 |
SCC
Second Curve Capital
Radnor,
Pennsylvania
|
-$76.2K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$45K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$22K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Creative Planning
Overland Park,
Kansas
| – | -$45K | -3,050 | Closed |
|
|
IA
27
IFP Advisors
Tampa,
Florida
| – | -$22K | -1,500 | Closed |
|
28
UBS Group
Zurich,
Switzerland
| – | -$17K | -1,118 | Closed |
|
29
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$15 | +1 | New |
|
30
Bank of America
Charlotte,
North Carolina
| – | +$244 | +16 | New |
|
FUNC Hedge Fund Activity: Q3 2017 in Review
27 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q3 2017, worth a combined $40.6M — up 16% from $35M a quarter earlier.
Fund positioning in FUNC was balanced in Q3 2017: 3 funds opened new positions, 3 closed out, 8 added to existing stakes and 7 trimmed.
The largest buyer was Gendell Jeffrey L, adding an estimated $1.12M. The largest seller was Vanguard Group, cutting an estimated $339K.
- 27 institutional investors held First United (FUNC) as of Q3 2017, unchanged from Q2 2017.
- Funds reported $40.6M of First United stock for Q3 2017, up 16% quarter-over-quarter.
- 3 funds opened new First United positions in Q3 2017 and 3 closed out, a net change of 0 holders.
- The largest First United buyer in Q3 2017 was Gendell Jeffrey L, an estimated $1.12M added.
- The largest First United seller in Q3 2017 was Vanguard Group, an estimated $339K sold.
Based on aggregated 13F filings for Q3 2017.