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First United
FUNC

39 hedge funds and large institutions have $35.4M invested in First United in 2021 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 6 increasing their positions, 19 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.78% less ownership

Funds ownership: 32.54% → 30.76% (-1.8%)

5% less funds holding

Funds holding: 41 → 39 (-2)

12% less capital invested

Capital invested by funds: $40.1M → $35.4M (-$4.68M)

18% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 11

68% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 19

Holders
39
Holders Change
-2
Holders Change %
-4.88%
% of All Funds
0.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
6
Reduced
19
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EC
EJF Capital
Virginia
+$4.1M
2
BCM
Basswood Capital Management
New York
+$2.29M
3
Millennium Management
Millennium Management
New York
+$822K
4
Renaissance Technologies
Renaissance Technologies
New York
+$554K
5
E
Ergoteles
New York
+$535K

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$6.12M
2
State Street
State Street
Massachusetts
-$1.8M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$1.16M
4
Northern Trust
Northern Trust
Illinois
-$941K
5
Geode Capital Management
Geode Capital Management
Massachusetts
-$747K
Name Holding Trade Value Shares
Change 		Change in
Stake
HF
26
HRT Financial
New York
$189K +$196K +10,900 New
Bank of America
27
Bank of America
North Carolina
$180K -$160K -8,913 -46%
Barclays
28
Barclays
United Kingdom
$92K -$86.5K -4,802 -47%
LCM
29
Logan Capital Management
Pennsylvania
$86K – – –
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$72K +$64.3K +3,572 +660%
TRCT
31
Tower Research Capital (TRC)
New York
$43K +$27.2K +1,509 +157%
UBS Group
32
UBS Group
Switzerland
$29K -$7.8K -433 -21%
JP Morgan Chase
33
JP Morgan Chase
New York
$15K -$379K -21,032 -96%
Wells Fargo
34
Wells Fargo
California
$10K -$41.9K -2,326 -81%
BNP Paribas Financial Markets
35
BNP Paribas Financial Markets
France
$9.34K -$48.3K -2,683 -83%
EARNEST Partners
36
EARNEST Partners
Georgia
$9K – – –
New York State Common Retirement Fund
37
New York State Common Retirement Fund
New York
$1K -$118K -6,541 -99%
State Street
38
State Street
Massachusetts
– -$1.8M -102,093 Closed
N
39
Nuveen
North Carolina
– -$377K -21,410 Closed
Charles Schwab
40
Charles Schwab
California
– -$299K -16,966 Closed
California Public Employees Retirement System
41
California Public Employees Retirement System
California
– -$233K -13,232 Closed
SO
42
STRS Ohio
Ohio
– -$220K -12,500 Closed
California State Teachers Retirement System (CalSTRS)
43
California State Teachers Retirement System (CalSTRS)
California
– -$178K -10,126 Closed
Deutsche Bank
44
Deutsche Bank
Germany
– -$78.4K -4,356 -100%
AIG
45
American International Group
New York
– -$70 -3,995 Closed
AIP
46
Ameritas Investment Partners
Nebraska
– -$10K -593 Closed
Legal & General Group
47
Legal & General Group
United Kingdom
– -$10K -569 Closed
Citigroup
48
Citigroup
New York
– -$8K -456 Closed
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
– -$4K -215 Closed
GWS
50
Glassman Wealth Services
Virginia
– -$36 -2 -9%
1
2

FUNC Hedge Fund Activity: Q2 2021 in Review

39 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q2 2021, worth a combined $35.4M — down 12% from $40.1M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of FUNC and 9 opened new positions — a net loss of 2 holders — while 19 trimmed existing stakes and 6 added.

The largest buyer was EJF Capital, opening a new position worth an estimated $4.1M. The largest seller was BlackRock, cutting an estimated $6.12M.

  • 39 institutional investors held First United (FUNC) as of Q2 2021, down from 41 in Q1 2021.
  • Funds reported $35.4M of First United stock for Q2 2021, down 12% quarter-over-quarter.
  • 9 funds opened new First United positions in Q2 2021 and 11 closed out, a net change of -2 holders.
  • The largest First United buyer in Q2 2021 was EJF Capital, an estimated $4.1M added.
  • The largest First United seller in Q2 2021 was BlackRock, an estimated $6.12M sold.

Based on aggregated 13F filings for Q2 2021.