First United
FUNC
37 hedge funds and large institutions have $34.8M invested in First United in 2022 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 12 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
6% more funds holding
Funds holding: 35 → 37 (+2)
0.31% more ownership
Funds ownership: 31.23% → 31.54% (+0.31%)
0% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 12
11% less capital invested
Capital invested by funds: $38.9M → $34.8M (-$4.14M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$557K |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$246K |
| 3 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
+$229K |
| 4 |
HCM
Huber Capital Management
El Segundo,
California
|
+$138K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$51.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIP
Rhino Investment Partners
West Conshohocken,
Pennsylvania
|
-$198K |
| 2 |
Renaissance Technologies
New York
|
-$159K |
| 3 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
-$141K |
| 4 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
-$140K |
| 5 |
EC
EJF Capital
Arlington,
Virginia
|
-$57.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JMPWA
26
JP Morgan Private Wealth Advisors
San Francisco,
California
| $212K | +$229K | +12,818 | New |
|
27
Acadian Asset Management
Boston,
Massachusetts
| $205K | – | – | – |
|
|
LCM
28
Logan Capital Management
Newtown Square,
Pennsylvania
| $82K | – | – | – |
|
29
Barclays
London,
United Kingdom
| $59K | -$14K | -787 | -18% |
|
30
Bank of America
Charlotte,
North Carolina
| $33K | -$31.1K | -1,743 | -47% |
|
|
SOW
31
State of Wyoming
Cheyenne,
Wyoming
| $16K | +$3.68K | +206 | +28% |
|
32
Wells Fargo
San Francisco,
California
| $14K | +$2.23K | +125 | +17% |
|
33
EARNEST Partners
Atlanta,
Georgia
| $8K | – | – | – |
|
|
TRCT
34
Tower Research Capital (TRC)
New York
| $2K | -$125 | -7 | -5% |
|
35
UBS Group
Zurich,
Switzerland
| $2K | +$928 | +52 | +67% |
|
36
Royal Bank of Canada
Toronto,
Ontario, Canada
| $2K | +$2.07K | +116 | New |
|
|
SWM
37
SeaCrest Wealth Management
Purchase,
New York
| – | -$140K | -7,451 | Closed |
|
38
JP Morgan Chase
New York
| – | +$71 | +4 | New |
|
FUNC Hedge Fund Activity: Q3 2022 in Review
37 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q3 2022, worth a combined $34.8M — down 11% from $38.9M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FUNC positions and 1 closed out — a net gain of 2 holders — while 12 added to existing stakes and 12 trimmed.
The largest buyer was Basswood Capital Management, adding an estimated $557K. The largest seller was Rhino Investment Partners, cutting an estimated $198K.
- 37 institutional investors held First United (FUNC) as of Q3 2022, up from 35 in Q2 2022.
- Funds reported $34.8M of First United stock for Q3 2022, down 11% quarter-over-quarter.
- 3 funds opened new First United positions in Q3 2022 and 1 closed out, a net change of +2 holders.
- The largest First United buyer in Q3 2022 was Basswood Capital Management, an estimated $557K added.
- The largest First United seller in Q3 2022 was Rhino Investment Partners, an estimated $198K sold.
Based on aggregated 13F filings for Q3 2022.