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First United
FUNC

49 hedge funds and large institutions have $47.4M invested in First United in 2019 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 11

19% more capital invested

Capital invested by funds: $39.8M → $47.4M (+$7.57M)

3.4% more ownership

Funds ownership: 35.35% → 38.75% (+3.4%)

0% more funds holding

Funds holding: 49 → 49 (0)

0% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 5

Holders
49
Holders Change
–
Holders Change %
0%
% of All Funds
1.06%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
17
Reduced
11
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GJL
Gendell Jeffrey L
+$2.28M
2
MCM
Maltese Capital Management
New York
+$1.48M
3
MI
M3F Inc
Utah
+$888K
4
Renaissance Technologies
Renaissance Technologies
New York
+$307K
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$272K

Top Sellers

Rank Fund Capital Flow
1
BCM
Basswood Capital Management
New York
-$1.4M
2
BlackRock
BlackRock
New York
-$235K
3
Invesco
Invesco
Georgia
-$172K
4
UBS Group
UBS Group
Switzerland
-$51.1K
5
BCM
Bridgeway Capital Management
Texas
-$44.3K
Name Holding Trade Value Shares
Change 		Change in
Stake
California State Teachers Retirement System (CalSTRS)
26
California State Teachers Retirement System (CalSTRS)
California
$181K – – –
SWM
27
SeaCrest Wealth Management
New York
$179K – – –
TCIM
28
TIAA CREF Investment Management
New York
$177K -$17 -1 -0%
SO
29
STRS Ohio
Ohio
$141K – – –
New York State Common Retirement Fund
30
New York State Common Retirement Fund
New York
$131K – – –
SG Americas Securities
31
SG Americas Securities
New York
$106K +$104K +6,119 New
OSAM
32
O'Shaughnessy Asset Management
Connecticut
$101K +$30.8K +1,808 +45%
AIG
33
American International Group
New York
$75K -$2.42K -142 -3%
PNC Financial Services Group
34
PNC Financial Services Group
Pennsylvania
$57K -$7.04K -413 -11%
Acadian Asset Management
35
Acadian Asset Management
Massachusetts
$53K – – –
CFGS
36
Concourse Financial Group Securities
Alabama
$39K +$39.1K +2,295 New
Barclays
37
Barclays
United Kingdom
$36K +$32.3K +1,895 +957%
JP Morgan Chase
38
JP Morgan Chase
New York
$29K -$5.81K -341 -17%
Citigroup
39
Citigroup
New York
$29K +$954 +56 +3%
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$28K -$716 -42 -3%
UBS Group
41
UBS Group
Switzerland
$26K -$51.1K -2,997 -66%
BNP Paribas Financial Markets
42
BNP Paribas Financial Markets
France
$25K +$20.6K +1,210 +513%
Legal & General Group
43
Legal & General Group
United Kingdom
$18K – – –
AIP
44
Ameritas Investment Partners
Nebraska
$10K – – –
EARNEST Partners
45
EARNEST Partners
Georgia
$9K – – –
MAM
46
Meeder Asset Management
Ohio
$3K – – –
QT
47
Quantamental Technologies
New York
$2K +$51 +3 +3%
Canada Life
48
Canada Life
Manitoba, Canada
$1K – – –
BCM
49
Basswood Capital Management
New York
– -$1.4M -87,713 Closed
Invesco
50
Invesco
Georgia
– -$172K -10,783 Closed
1
2
3

FUNC Hedge Fund Activity: Q1 2019 in Review

49 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q1 2019, worth a combined $47.4M — up 19% from $39.8M a quarter earlier.

Fund positioning in FUNC was balanced in Q1 2019: 5 funds opened new positions, 5 closed out, 17 added to existing stakes and 11 trimmed.

The largest buyer was Gendell Jeffrey L, adding an estimated $2.28M. The largest seller was Basswood Capital Management, exiting entirely with an estimated $1.4M sold.

  • 49 institutional investors held First United (FUNC) as of Q1 2019, unchanged from Q4 2018.
  • Funds reported $47.4M of First United stock for Q1 2019, up 19% quarter-over-quarter.
  • 5 funds opened new First United positions in Q1 2019 and 5 closed out, a net change of 0 holders.
  • The largest First United buyer in Q1 2019 was Gendell Jeffrey L, an estimated $2.28M added.
  • The largest First United seller in Q1 2019 was Basswood Capital Management, an estimated $1.4M sold.

Based on aggregated 13F filings for Q1 2019.