First United
FUNC
36 hedge funds and large institutions have $30.2M invested in First United in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 3 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
0.62% more ownership
Funds ownership: 31.03% → 31.65% (+0.62%)
0% more funds holding
Funds holding: 36 → 36 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
13% less capital invested
Capital invested by funds: $34.9M → $30.2M (-$4.68M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIP
Rhino Investment Partners
West Conshohocken,
Pennsylvania
|
+$1.05M |
| 2 |
BlackRock
New York
|
+$439K |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$257K |
| 4 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$185K |
| 5 |
HCM
Huber Capital Management
El Segundo,
California
|
+$142K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
-$680K |
| 2 |
RA
Royce & Associates
New York
|
-$410K |
| 3 |
BCM
Basswood Capital Management
New York
|
-$203K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$183K |
| 5 |
Renaissance Technologies
New York
|
-$114K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Acadian Asset Management
Boston,
Massachusetts
| $142K | -$20.9K | -1,415 | -12% |
|
27
Osaic Holdings
Scottsdale,
Arizona
| $109K | +$9.56K | +647 | +9% |
|
|
LCM
28
Logan Capital Management
Newtown Square,
Pennsylvania
| $70.6K | – | – | – |
|
29
Barclays
London,
United Kingdom
| $56.4K | +$5.54K | +375 | +10% |
|
30
Bank of America
Charlotte,
North Carolina
| $28.5K | – | – | – |
|
|
CSPIA
31
Cary Street Partners Investment Advisory
Richmond,
Virginia
| $16K | – | – | – |
|
32
Wells Fargo
San Francisco,
California
| $12.1K | +$30 | +2 | +0.2% |
|
33
Fidelity Investments
Boston,
Massachusetts
| $11.9K | – | – | – |
|
34
EARNEST Partners
Atlanta,
Georgia
| $7.09K | – | – | – |
|
|
TRCT
35
Tower Research Capital (TRC)
New York
| $3.44K | +$2.6K | +176 | +271% |
|
36
UBS Group
Zurich,
Switzerland
| $14 | -$17.2K | -1,165 | -100% |
|
|
RA
37
Royce & Associates
New York
| – | -$410K | -24,307 | Closed |
|
|
SOW
38
State of Wyoming
Cheyenne,
Wyoming
| – | -$13.2K | -782 | Closed |
|
FUNC Hedge Fund Activity: Q2 2023 in Review
36 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q2 2023, worth a combined $30.2M — down 13% from $34.9M a quarter earlier.
Fund positioning in FUNC was balanced in Q2 2023: 3 funds opened new positions, 3 closed out, 12 added to existing stakes and 10 trimmed.
The largest buyer was Rhino Investment Partners, adding an estimated $1.05M. The largest seller was EJF Capital, cutting an estimated $680K.
- 36 institutional investors held First United (FUNC) as of Q2 2023, unchanged from Q1 2023.
- Funds reported $30.2M of First United stock for Q2 2023, down 13% quarter-over-quarter.
- 3 funds opened new First United positions in Q2 2023 and 3 closed out, a net change of 0 holders.
- The largest First United buyer in Q2 2023 was Rhino Investment Partners, an estimated $1.05M added.
- The largest First United seller in Q2 2023 was EJF Capital, an estimated $680K sold.
Based on aggregated 13F filings for Q2 2023.