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First United
FUNC

48 hedge funds and large institutions have $48.8M invested in First United in 2018 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 15 increasing their positions, 4 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,900% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 1

275% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 4

66% more funds holding

Funds holding: 29 → 48 (+19)

3% more capital invested

Capital invested by funds: $47.4M → $48.8M (+$1.39M)

1.17% less ownership

Funds ownership: 34.93% → 33.76% (-1.2%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
48
Holders Change
+19
Holders Change %
+65.52%
% of All Funds
1.1%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
20
Increased
15
Reduced
4
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$6.31M
2
State Street
State Street
Massachusetts
+$1.89M
3
Northern Trust
Northern Trust
Illinois
+$1.14M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$926K
5
Deutsche Bank
Deutsche Bank
Germany
+$657K

Top Sellers

Rank Fund Capital Flow
1
MI
M3F Inc
Utah
-$11.7M
2
BCM
Basswood Capital Management
New York
-$4.1M
3
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$323K
4
SWM
SeaCrest Wealth Management
New York
-$81K
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$16.4K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
26
Wells Fargo
California
$171K +$168K +8,202 +5,468%
New York State Common Retirement Fund
27
New York State Common Retirement Fund
New York
$155K +$156K +7,600 New
PNC Financial Services Group
28
PNC Financial Services Group
Pennsylvania
$93K -$16.4K -800 -15%
AIG
29
American International Group
New York
$91K +$91.3K +4,454 New
TRCT
30
Tower Research Capital (TRC)
New York
$89K +$87.1K +4,250 +4,620%
Acadian Asset Management
31
Acadian Asset Management
Massachusetts
$57K +$31.8K +1,551 +124%
SO
32
STRS Ohio
Ohio
$51K +$51.2K +2,500 New
Bank of America
33
Bank of America
North Carolina
$37K +$37.7K +1,837 New
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$34K +$1.31K +64 +4%
Citigroup
35
Citigroup
New York
$28K +$28.1K +1,370 New
JP Morgan Chase
36
JP Morgan Chase
New York
$28K +$28.5K +1,388 New
Legal & General Group
37
Legal & General Group
United Kingdom
$21K +$21K +1,022 New
UBS Group
38
UBS Group
Switzerland
$16K +$13.9K +679 +552%
AIP
39
Ameritas Investment Partners
Nebraska
$12K +$11.9K +582 New
Federated Hermes
40
Federated Hermes
Pennsylvania
$11K – – –
EARNEST Partners
41
EARNEST Partners
Georgia
$10K – – –
GT
42
Glenmede Trust
Pennsylvania
$10K – – –
Barclays
43
Barclays
United Kingdom
$10K +$10.3K +501 New
BNP Paribas Financial Markets
44
BNP Paribas Financial Markets
France
$4.6K +$4.61K +225 New
Envestnet Asset Management
45
Envestnet Asset Management
Illinois
$3K – – –
DA
46
Denali Advisors
California
$2K +$2.36K +115 New
PIA
47
Piedmont Investment Advisors
North Carolina
$2K +$2.44K +119 New
Bank of Montreal
48
Bank of Montreal
Ontario, Canada
$1K +$1K +49 New
BCM
49
Basswood Capital Management
New York
– -$4.1M -213,354 Closed
1
2

FUNC Hedge Fund Activity: Q2 2018 in Review

48 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q2 2018, worth a combined $48.8M — up 2.9% from $47.4M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new FUNC positions and 1 closed out — a net gain of 19 holders — while 15 added to existing stakes and 4 trimmed.

The largest buyer was BlackRock, adding an estimated $6.31M. The largest seller was M3F Inc, cutting an estimated $11.7M.

  • 48 institutional investors held First United (FUNC) as of Q2 2018, up from 29 in Q1 2018.
  • Funds reported $48.8M of First United stock for Q2 2018, up 2.9% quarter-over-quarter.
  • 20 funds opened new First United positions in Q2 2018 and 1 closed out, a net change of +19 holders.
  • The largest First United buyer in Q2 2018 was BlackRock, an estimated $6.31M added.
  • The largest First United seller in Q2 2018 was M3F Inc, an estimated $11.7M sold.

Based on aggregated 13F filings for Q2 2018.