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First United
FUNC

49 hedge funds and large institutions have $39.8M invested in First United in 2018 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 14

33% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 3

2% more funds holding

Funds holding: 48 → 49 (+1)

1.08% more ownership

Funds ownership: 34.27% → 35.35% (+1.1%)

13% less capital invested

Capital invested by funds: $45.6M → $39.8M (-$5.77M)

Holders
49
Holders Change
+1
Holders Change %
+2.08%
% of All Funds
1.09%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
20
Reduced
14
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EC
EJF Capital
Virginia
+$1.91M
2
BCM
Basswood Capital Management
New York
+$1.51M
3
MI
M3F Inc
Utah
+$659K
4
Goldman Sachs
Goldman Sachs
New York
+$197K
5
BlackRock
BlackRock
New York
+$186K

Top Sellers

Rank Fund Capital Flow
1
GJL
Gendell Jeffrey L
-$2.71M
2
Deutsche Bank
Deutsche Bank
Germany
-$413K
3
Renaissance Technologies
Renaissance Technologies
New York
-$412K
4
Barclays
Barclays
United Kingdom
-$46.8K
5
Invesco
Invesco
Georgia
-$30.5K
Name Holding Trade Value Shares
Change 		Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$163K – – –
SO
27
STRS Ohio
Ohio
$130K +$50K +2,788 +52%
New York State Common Retirement Fund
28
New York State Common Retirement Fund
New York
$121K – – –
Bank of America
29
Bank of America
North Carolina
$86K +$35.5K +1,980 +57%
AIG
30
American International Group
New York
$72K -$627 -35 -0.8%
UBS Group
31
UBS Group
Switzerland
$72K +$31.8K +1,775 +65%
OSAM
32
O'Shaughnessy Asset Management
Connecticut
$64K +$72K +4,018 New
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$60K -$5.38K -300 -7%
Acadian Asset Management
34
Acadian Asset Management
Massachusetts
$49K -$6.25K -349 -10%
PAM
35
Panagora Asset Management
Massachusetts
$43K +$48.5K +2,709 +22,575%
JP Morgan Chase
36
JP Morgan Chase
New York
$32K +$7.63K +426 +27%
Royal Bank of Canada
37
Royal Bank of Canada
Ontario, Canada
$27K -$5K -279 -14%
Citigroup
38
Citigroup
New York
$26K -$4.25K -237 -13%
Legal & General Group
39
Legal & General Group
United Kingdom
$16K – – –
AIP
40
Ameritas Investment Partners
Nebraska
$9K – – –
EARNEST Partners
41
EARNEST Partners
Georgia
$8K – – –
Federated Hermes
42
Federated Hermes
Pennsylvania
$4K -$5.97K -333 -59%
BNP Paribas Financial Markets
43
BNP Paribas Financial Markets
France
$3.76K +$215 +12 +5%
Barclays
44
Barclays
United Kingdom
$3K -$46.8K -2,610 -93%
MAM
45
Meeder Asset Management
Ohio
$3K -$2.35K -131 -41%
TRCT
46
Tower Research Capital (TRC)
New York
$2K -$13.4K -746 -88%
Bank of Montreal
47
Bank of Montreal
Ontario, Canada
$2K +$914 +51 +109%
QT
48
Quantamental Technologies
New York
$2K +$1.79K +100 New
Canada Life
49
Canada Life
Manitoba, Canada
$1K +$1.13K +63 New
Renaissance Technologies
50
Renaissance Technologies
New York
– -$412K -21,900 Closed
1
2
3

FUNC Hedge Fund Activity: Q4 2018 in Review

49 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q4 2018, worth a combined $39.8M — down 13% from $45.6M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new FUNC positions and 3 closed out — a net gain of 1 holder — while 20 added to existing stakes and 14 trimmed.

The largest buyer was EJF Capital, adding an estimated $1.91M. The largest seller was Gendell Jeffrey L, cutting an estimated $2.71M.

  • 49 institutional investors held First United (FUNC) as of Q4 2018, up from 48 in Q3 2018.
  • Funds reported $39.8M of First United stock for Q4 2018, down 13% quarter-over-quarter.
  • 4 funds opened new First United positions in Q4 2018 and 3 closed out, a net change of +1 holder.
  • The largest First United buyer in Q4 2018 was EJF Capital, an estimated $1.91M added.
  • The largest First United seller in Q4 2018 was Gendell Jeffrey L, an estimated $2.71M sold.

Based on aggregated 13F filings for Q4 2018.