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First United
FUNC

48 hedge funds and large institutions have $45.6M invested in First United in 2018 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 8 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

163% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 8

0.52% more ownership

Funds ownership: 33.76% → 34.27% (+0.52%)

0% more funds holding

Funds holding: 48 → 48 (0)

0% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 6

7% less capital invested

Capital invested by funds: $48.8M → $45.6M (-$3.18M)

Holders
48
Holders Change
–
Holders Change %
0%
% of All Funds
1.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
21
Reduced
8
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MI
M3F Inc
Utah
+$312K
2
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$267K
3
First Trust Advisors
First Trust Advisors
Illinois
+$210K
4
BCM
Bridgeway Capital Management
Texas
+$156K
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$131K

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$215K
2
Renaissance Technologies
Renaissance Technologies
New York
-$202K
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$176K
4
Deutsche Bank
Deutsche Bank
Germany
-$169K
5
Morgan Stanley
Morgan Stanley
New York
-$108K
Name Holding Trade Value Shares
Change 		Change in
Stake
New York State Common Retirement Fund
26
New York State Common Retirement Fund
New York
$143K – – –
SO
27
STRS Ohio
Ohio
$101K +$56.7K +2,912 +116%
AIG
28
American International Group
New York
$85K +$1.6K +82 +2%
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$76K -$9.74K -500 -11%
BCM
30
Basswood Capital Management
New York
$69K +$71.2K +3,655 New
Bank of America
31
Bank of America
North Carolina
$66K +$32.1K +1,649 +90%
Acadian Asset Management
32
Acadian Asset Management
Massachusetts
$65K +$12K +615 +22%
Barclays
33
Barclays
United Kingdom
$52K +$44.9K +2,307 +460%
UBS Group
34
UBS Group
Switzerland
$51K +$37.7K +1,936 +241%
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$36K +$5.01K +257 +15%
Citigroup
36
Citigroup
New York
$35K +$9.88K +507 +37%
JP Morgan Chase
37
JP Morgan Chase
New York
$30K +$3.8K +195 +14%
Legal & General Group
38
Legal & General Group
United Kingdom
$19K – – –
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$19K +$19.5K +1,000 New
TRCT
40
Tower Research Capital (TRC)
New York
$16K -$68.1K -3,496 -81%
AIP
41
Ameritas Investment Partners
Nebraska
$11K – – –
Federated Hermes
42
Federated Hermes
Pennsylvania
$11K – – –
EARNEST Partners
43
EARNEST Partners
Georgia
$9K – – –
MAM
44
Meeder Asset Management
Ohio
$6K +$6.17K +317 New
BNP Paribas Financial Markets
45
BNP Paribas Financial Markets
France
$4.21K -$19 -1 -0.4%
WSTAM
46
Wilbanks Smith & Thomas Asset Management
Virginia
$2K +$1.95K +100 New
Bank of Montreal
47
Bank of Montreal
Ontario, Canada
$1K -$39 -2 -4%
Goldman Sachs
48
Goldman Sachs
New York
– -$215K -10,497 Closed
Manulife (Manufacturers Life Insurance)
49
Manulife (Manufacturers Life Insurance)
Ontario, Canada
– -$176K -8,600 Closed
GT
50
Glenmede Trust
Pennsylvania
– -$10K -500 Closed
1
2
3

FUNC Hedge Fund Activity: Q3 2018 in Review

48 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q3 2018, worth a combined $45.6M — down 6.5% from $48.8M a quarter earlier.

Fund positioning in FUNC was balanced in Q3 2018: 6 funds opened new positions, 6 closed out, 21 added to existing stakes and 8 trimmed.

The largest buyer was M3F Inc, adding an estimated $312K. The largest seller was Goldman Sachs, exiting entirely with an estimated $215K sold.

  • 48 institutional investors held First United (FUNC) as of Q3 2018, unchanged from Q2 2018.
  • Funds reported $45.6M of First United stock for Q3 2018, down 6.5% quarter-over-quarter.
  • 6 funds opened new First United positions in Q3 2018 and 6 closed out, a net change of 0 holders.
  • The largest First United buyer in Q3 2018 was M3F Inc, an estimated $312K added.
  • The largest First United seller in Q3 2018 was Goldman Sachs, an estimated $215K sold.

Based on aggregated 13F filings for Q3 2018.