First United
FUNC
30 hedge funds and large institutions have $40.4M invested in First United in 2017 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
11% more funds holding
Funds holding: 27 → 30 (+3)
0% less capital invested
Capital invested by funds: $40.6M → $40.4M (-$172K)
1.71% less ownership
Funds ownership: 34.53% → 32.82% (-1.7%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$1.23M |
| 2 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$509K |
| 3 |
ZIM
ZPR Investment Management
Orange City,
Florida
|
+$313K |
| 4 |
GJL
Gendell Jeffrey L
|
+$225K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$198K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FUBT
First United Bank & Trust
Oakland,
Maryland
|
-$3.28M |
| 2 |
SCC
Second Curve Capital
Radnor,
Pennsylvania
|
-$1.5M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$14.8K |
| 4 |
Morgan Stanley
New York
|
-$13.8K |
| 5 |
Renaissance Technologies
New York
|
-$1.81K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CHC
26
City Holding Co
Charleston,
West Virginia
| $9K | – | – | – |
|
27
EARNEST Partners
Atlanta,
Georgia
| $9K | +$8.58K | +497 | New |
|
|
GT
28
Glenmede Trust
Philadelphia,
Pennsylvania
| $8K | – | – | – |
|
29
Wells Fargo
San Francisco,
California
| $6K | -$1.64K | -95 | -21% |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| $4K | +$604 | +35 | +18% |
|
|
FUBT
31
First United Bank & Trust
Oakland,
Maryland
| – | -$3.28M | -196,863 | Closed |
|
FUNC Hedge Fund Activity: Q4 2017 in Review
30 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q4 2017, worth a combined $40.4M — down 0.42% from $40.6M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FUNC positions and 3 closed out — a net gain of 3 holders — while 9 added to existing stakes and 5 trimmed.
The largest buyer was Basswood Capital Management, opening a new position worth an estimated $1.23M. The largest seller was First United Bank & Trust, exiting entirely with an estimated $3.28M sold.
- 30 institutional investors held First United (FUNC) as of Q4 2017, up from 27 in Q3 2017.
- Funds reported $40.4M of First United stock for Q4 2017, down 0.42% quarter-over-quarter.
- 6 funds opened new First United positions in Q4 2017 and 3 closed out, a net change of +3 holders.
- The largest First United buyer in Q4 2017 was Basswood Capital Management, an estimated $1.23M added.
- The largest First United seller in Q4 2017 was First United Bank & Trust, an estimated $3.28M sold.
Based on aggregated 13F filings for Q4 2017.