First United
FUNC
45 hedge funds and large institutions have $52.3M invested in First United in 2019 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 8 closing their positions.
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
2% more funds holding
Funds holding: 44 → 45 (+1)
0% less capital invested
Capital invested by funds: $52.4M → $52.3M (-$7.04K)
4% less ownership
Funds ownership: 37.46% → 33.46% (-4%)
24% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 17
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QCMA
Quad Capital Management Advisors
New York
|
+$3.19M |
| 2 |
CP
Clover Partners
Dallas,
Texas
|
+$1.69M |
| 3 |
FIA
FNY Investment Advisers
New York
|
+$1.43M |
| 4 |
Renaissance Technologies
New York
|
+$609K |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$414K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
-$4.34M |
| 2 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
-$3.44M |
| 3 |
MI
M3F Inc
Salt Lake City,
Utah
|
-$2M |
| 4 |
GJL
Gendell Jeffrey L
|
-$1.13M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$1.04M |
FUNC Hedge Fund Activity: Q3 2019 in Review
45 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q3 2019, worth a combined $52.3M — down 0.01% from $52.4M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FUNC positions and 8 closed out — a net gain of 1 holder — while 13 added to existing stakes and 17 trimmed.
The largest buyer was Quad Capital Management Advisors, opening a new position worth an estimated $3.19M. The largest seller was EJF Capital, cutting an estimated $4.34M.
- 45 institutional investors held First United (FUNC) as of Q3 2019, up from 44 in Q2 2019.
- Funds reported $52.3M of First United stock for Q3 2019, down 0.01% quarter-over-quarter.
- 9 funds opened new First United positions in Q3 2019 and 8 closed out, a net change of +1 holder.
- The largest First United buyer in Q3 2019 was Quad Capital Management Advisors, an estimated $3.19M added.
- The largest First United seller in Q3 2019 was EJF Capital, an estimated $4.34M sold.
Based on aggregated 13F filings for Q3 2019.