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First United
FUNC

44 hedge funds and large institutions have $30.7M invested in First United in 2020 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

13% more funds holding

Funds holding: 39 → 44 (+5)

3.96% more ownership

Funds ownership: 29.06% → 33.02% (+4%)

4% more capital invested

Capital invested by funds: $29.5M → $30.7M (+$1.18M)

7% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 14

Holders
44
Holders Change
+5
Holders Change %
+12.82%
% of All Funds
0.9%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
13
Reduced
14
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$3.81M
2
Northern Trust
Northern Trust
Illinois
+$1.27M
3
State Street
State Street
Massachusetts
+$1.05M
4
Geode Capital Management
Geode Capital Management
Massachusetts
+$603K
5
Russell Investments Group
Russell Investments Group
United Kingdom
+$503K

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$1.16M
2
MI
M3F Inc
Utah
-$990K
3
GJL
Gendell Jeffrey L
-$741K
4
Vanguard Group
Vanguard Group
Pennsylvania
-$680K
5
CS
Credit Suisse
Switzerland
-$545K
Name Holding Trade Value Shares
Change 		Change in
Stake
N
26
Nuveen
North Carolina
$144K +$153K +10,786 New
Barclays
27
Barclays
United Kingdom
$142K +$151K +10,639 New
California State Teachers Retirement System (CalSTRS)
28
California State Teachers Retirement System (CalSTRS)
California
$135K +$144K +10,126 New
OSAM
29
O'Shaughnessy Asset Management
Connecticut
$98K -$27K -1,905 -21%
New York State Common Retirement Fund
30
New York State Common Retirement Fund
New York
$88K +$93.7K +6,600 New
JP Morgan Chase
31
JP Morgan Chase
New York
$82K -$93.6K -6,592 -52%
AIG
32
American International Group
New York
$55K +$58.3K +4,108 New
Deutsche Bank
33
Deutsche Bank
Germany
$41K +$43.9K +3,091 New
UBS Group
34
UBS Group
Switzerland
$34K +$22.8K +1,606 +165%
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$22K -$312 -22 -1%
Acadian Asset Management
36
Acadian Asset Management
Massachusetts
$15K -$67.6K -4,763 -81%
HIM
37
Hillsdale Investment Management
Ontario, Canada
$15K – – –
Citigroup
38
Citigroup
New York
$12K -$1.12K -79 -8%
Legal & General Group
39
Legal & General Group
United Kingdom
$11K +$11.9K +841 New
AIP
40
Ameritas Investment Partners
Nebraska
$8K +$8.42K +593 New
EARNEST Partners
41
EARNEST Partners
Georgia
$7K – – –
Bank of Montreal
42
Bank of Montreal
Ontario, Canada
$6K +$7.79K +549 New
BNP Paribas Financial Markets
43
BNP Paribas Financial Markets
France
$3.36K +$3.07K +216 +600%
Canada Life
44
Canada Life
Manitoba, Canada
$1K -$57 -4 -7%
Millennium Management
45
Millennium Management
New York
– -$1.16M -80,820 Closed
CS
46
Credit Suisse
Switzerland
– -$545K -38,133 Closed
Qube Research & Technologies (QRT)
47
Qube Research & Technologies (QRT)
United Kingdom
– -$545K -38,133 Closed
Susquehanna International Group
48
Susquehanna International Group
Pennsylvania
– -$334K -23,400 Closed
Victory Capital Management
49
Victory Capital Management
Texas
– -$34K -2,340 Closed
DWA
50
Dorsey Wright & Associates
California
– -$7K -480 Closed
1
2
3

FUNC Hedge Fund Activity: Q2 2020 in Review

44 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q2 2020, worth a combined $30.7M — up 4% from $29.5M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new FUNC positions and 7 closed out — a net gain of 5 holders — while 13 added to existing stakes and 14 trimmed.

The largest buyer was BlackRock, adding an estimated $3.81M. The largest seller was Millennium Management, exiting entirely with an estimated $1.16M sold.

  • 44 institutional investors held First United (FUNC) as of Q2 2020, up from 39 in Q1 2020.
  • Funds reported $30.7M of First United stock for Q2 2020, up 4% quarter-over-quarter.
  • 12 funds opened new First United positions in Q2 2020 and 7 closed out, a net change of +5 holders.
  • The largest First United buyer in Q2 2020 was BlackRock, an estimated $3.81M added.
  • The largest First United seller in Q2 2020 was Millennium Management, an estimated $1.16M sold.

Based on aggregated 13F filings for Q2 2020.