First United
FUNC
35 hedge funds and large institutions have $34.3M invested in First United in 2023 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 12 reducing their positions, and 3 closing their positions.
14% more capital invested
Capital invested by funds: $30.2M → $34.3M (+$4.09M)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
0.13% less ownership
Funds ownership: 31.65% → 31.51% (-0.13%)
3% less funds holding
Funds holding: 36 → 35 (-1)
42% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$1.52M |
| 2 |
GJL
Gendell Jeffrey L
|
+$185K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$124K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$103K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$33K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$749K |
| 2 |
EC
EJF Capital
Arlington,
Virginia
|
-$316K |
| 3 |
Millennium Management
New York
|
-$283K |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$277K |
| 5 |
Renaissance Technologies
New York
|
-$87.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LCM
26
Logan Capital Management
Newtown Square,
Pennsylvania
| $80.3K | – | – | – |
|
27
Barclays
London,
United Kingdom
| $64.2K | – | – | – |
|
28
Bank of America
Charlotte,
North Carolina
| $32.5K | – | – | – |
|
|
CSPIA
29
Cary Street Partners Investment Advisory
Richmond,
Virginia
| $18.3K | – | – | – |
|
30
Wells Fargo
San Francisco,
California
| $13.7K | -$16 | -1 | -0.1% |
|
31
Fidelity Investments
Boston,
Massachusetts
| $13.6K | – | – | – |
|
32
EARNEST Partners
Atlanta,
Georgia
| $8.06K | – | – | – |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| $6.28K | +$2.36K | +146 | +61% |
|
|
SOW
34
State of Wyoming
Cheyenne,
Wyoming
| $5.68K | +$5.67K | +350 | New |
|
35
Qube Research & Technologies (QRT)
London,
United Kingdom
| $4.9K | +$4.89K | +302 | New |
|
|
36
Millennium Management
New York
| – | -$283K | -19,835 | Closed |
|
|
37
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$277K | -17,423 | Closed |
|
38
UBS Group
Zurich,
Switzerland
| – | -$14 | -1 | Closed |
|
FUNC Hedge Fund Activity: Q3 2023 in Review
35 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q3 2023, worth a combined $34.3M — up 14% from $30.2M a quarter earlier.
Fund positioning in FUNC was balanced in Q3 2023: 3 funds opened new positions, 3 closed out, 7 added to existing stakes and 12 trimmed.
The largest buyer was Fourthstone LLC, opening a new position worth an estimated $1.52M. The largest seller was Basswood Capital Management, cutting an estimated $749K.
- 35 institutional investors held First United (FUNC) as of Q3 2023, down from 36 in Q2 2023.
- Funds reported $34.3M of First United stock for Q3 2023, up 14% quarter-over-quarter.
- 3 funds opened new First United positions in Q3 2023 and 3 closed out, a net change of 0 holders.
- The largest First United buyer in Q3 2023 was Fourthstone LLC, an estimated $1.52M added.
- The largest First United seller in Q3 2023 was Basswood Capital Management, an estimated $749K sold.
Based on aggregated 13F filings for Q3 2023.