First United
FUNC
35 hedge funds and large institutions have $38.9M invested in First United in 2022 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 5 reducing their positions, and 3 closing their positions.
220% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 5
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
6% more funds holding
Funds holding: 33 → 35 (+2)
1.11% more ownership
Funds ownership: 30.13% → 31.23% (+1.1%)
13% less capital invested
Capital invested by funds: $44.9M → $38.9M (-$6.03M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIP
Rhino Investment Partners
West Conshohocken,
Pennsylvania
|
+$468K |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$388K |
| 3 |
EC
EJF Capital
Arlington,
Virginia
|
+$322K |
| 4 |
HCM
Huber Capital Management
El Segundo,
California
|
+$317K |
| 5 |
Millennium Management
New York
|
+$316K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
BHZ Capital Management
San Jose,
California
|
-$442K |
| 2 |
Renaissance Technologies
New York
|
-$247K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$129K |
| 4 |
BlackRock
New York
|
-$25.5K |
| 5 |
Morgan Stanley
New York
|
-$24.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWM
26
SeaCrest Wealth Management
Purchase,
New York
| $140K | +$156K | +7,451 | New |
|
|
LCM
27
Logan Capital Management
Newtown Square,
Pennsylvania
| $93K | – | – | – |
|
28
Barclays
London,
United Kingdom
| $82K | – | – | – |
|
|
29
Bank of America
Charlotte,
North Carolina
| $71K | -$129K | -6,153 | -62% |
|
|
SOW
30
State of Wyoming
Cheyenne,
Wyoming
| $14K | +$15.6K | +743 | New |
|
31
Wells Fargo
San Francisco,
California
| $13K | +$3.78K | +180 | +33% |
|
32
EARNEST Partners
Atlanta,
Georgia
| $9K | – | – | – |
|
33
Osaic Holdings
Scottsdale,
Arizona
| $4K | -$3.69K | -176 | -43% |
|
|
TRCT
34
Tower Research Capital (TRC)
New York
| $3K | +$147 | +7 | +5% |
|
35
UBS Group
Zurich,
Switzerland
| $1K | +$1.64K | +78 | New |
|
|
BCM
36
BHZ Capital Management
San Jose,
California
| – | -$442K | -19,601 | Closed |
|
|
MCC
37
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$7K | -330 | Closed |
|
38
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$2K | -97 | Closed |
|
FUNC Hedge Fund Activity: Q2 2022 in Review
35 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q2 2022, worth a combined $38.9M — down 13% from $44.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FUNC positions and 3 closed out — a net gain of 2 holders — while 16 added to existing stakes and 5 trimmed.
The largest buyer was Rhino Investment Partners, adding an estimated $468K. The largest seller was BHZ Capital Management, exiting entirely with an estimated $442K sold.
- 35 institutional investors held First United (FUNC) as of Q2 2022, up from 33 in Q1 2022.
- Funds reported $38.9M of First United stock for Q2 2022, down 13% quarter-over-quarter.
- 5 funds opened new First United positions in Q2 2022 and 3 closed out, a net change of +2 holders.
- The largest First United buyer in Q2 2022 was Rhino Investment Partners, an estimated $468K added.
- The largest First United seller in Q2 2022 was BHZ Capital Management, an estimated $442K sold.
Based on aggregated 13F filings for Q2 2022.