First United
FUNC
29 hedge funds and large institutions have $47.4M invested in First United in 2018 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 8 reducing their positions, and 5 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
17% more capital invested
Capital invested by funds: $40.4M → $47.4M (+$7.01M)
2.11% more ownership
Funds ownership: 32.82% → 34.93% (+2.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 30 → 29 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
+$3.18M |
| 2 |
BCM
Basswood Capital Management
New York
|
+$2.56M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.69M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$195K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$48.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCC
Second Curve Capital
Radnor,
Pennsylvania
|
-$2.47M |
| 2 |
GJL
Gendell Jeffrey L
|
-$2.01M |
| 3 |
ZIM
ZPR Investment Management
Orange City,
Florida
|
-$315K |
| 4 |
BlackRock
New York
|
-$67.9K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$51.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wells Fargo
San Francisco,
California
| $3K | -$3.61K | -201 | -57% |
|
27
Envestnet Asset Management
Chicago,
Illinois
| $3K | +$2.71K | +151 | New |
|
|
TRCT
28
Tower Research Capital (TRC)
New York
| $2K | -$2.39K | -133 | -59% |
|
29
UBS Group
Zurich,
Switzerland
| $2K | +$2.21K | +123 | New |
|
|
SCC
30
Second Curve Capital
Radnor,
Pennsylvania
| – | -$2.47M | -141,882 | Closed |
|
|
ZIM
31
ZPR Investment Management
Orange City,
Florida
| – | -$315K | -18,119 | Closed |
|
|
MSFP
32
Mark Sheptoff Financial Planning
Glastonbury,
Connecticut
| – | -$17K | -1,000 | Closed |
|
33
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$17K | -971 | Closed |
|
|
CHC
34
City Holding Co
Charleston,
West Virginia
| – | -$9K | -500 | Closed |
|
FUNC Hedge Fund Activity: Q1 2018 in Review
29 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q1 2018, worth a combined $47.4M — up 17% from $40.4M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FUNC and 4 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 10 added.
The largest buyer was EJF Capital, opening a new position worth an estimated $3.18M. The largest seller was Second Curve Capital, exiting entirely with an estimated $2.47M sold.
- 29 institutional investors held First United (FUNC) as of Q1 2018, down from 30 in Q4 2017.
- Funds reported $47.4M of First United stock for Q1 2018, up 17% quarter-over-quarter.
- 4 funds opened new First United positions in Q1 2018 and 5 closed out, a net change of -1 holder.
- The largest First United buyer in Q1 2018 was EJF Capital, an estimated $3.18M added.
- The largest First United seller in Q1 2018 was Second Curve Capital, an estimated $2.47M sold.
Based on aggregated 13F filings for Q1 2018.