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First United
FUNC

42 hedge funds and large institutions have $52.3M invested in First United in 2023 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 7 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

350% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 2

129% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 7

53% more capital invested

Capital invested by funds: $34.3M → $52.3M (+$18M)

20% more funds holding

Funds holding: 35 → 42 (+7)

1.77% more ownership

Funds ownership: 31.51% → 33.28% (+1.8%)

Holders
42
Holders Change
+7
Holders Change %
+20%
% of All Funds
0.61%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
9
Increased
16
Reduced
7
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
+$1.16M
2
Morgan Stanley
Morgan Stanley
New York
+$347K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$269K
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$242K
5
Renaissance Technologies
Renaissance Technologies
New York
+$212K

Top Sellers

Rank Fund Capital Flow
1
BCM
Basswood Capital Management
New York
-$529K
2
BlackRock
BlackRock
New York
-$433K
3
Osaic Holdings
Osaic Holdings
Arizona
-$142K
4
EC
EJF Capital
Virginia
-$133K
5
PH
Pinnacle Holdings
Oklahoma
-$88.9K
Name Holding Trade Value Shares
Change 		Change in
Stake
OSAM
26
O'Shaughnessy Asset Management
Connecticut
$264K +$209K +11,229 New
ECM
27
ExodusPoint Capital Management
New York
$263K +$209K +11,204 New
Acadian Asset Management
28
Acadian Asset Management
Massachusetts
$236K – – –
Qube Research & Technologies (QRT)
29
Qube Research & Technologies (QRT)
United Kingdom
$207K +$158K +8,501 +2,815%
Osaic Holdings
30
Osaic Holdings
Arizona
$180K -$142K -7,647 -50%
Citigroup
31
Citigroup
New York
$175K +$139K +7,456 New
LCM
32
Logan Capital Management
Pennsylvania
$116K – – –
Barclays
33
Barclays
United Kingdom
$84.1K -$6.98K -375 -9%
Bank of America
34
Bank of America
North Carolina
$83.4K +$28.8K +1,547 +77%
A
35
AJOVista
Massachusetts
$49K +$38.8K +2,084 New
JP Morgan Chase
36
JP Morgan Chase
New York
$34.4K +$27.2K +1,462 New
SOW
37
State of Wyoming
Wyoming
$32.8K +$19.4K +1,044 +298%
Wells Fargo
38
Wells Fargo
California
$23.3K +$2.75K +148 +18%
Fidelity Investments
39
Fidelity Investments
Massachusetts
$19.7K – – –
TRCT
40
Tower Research Capital (TRC)
New York
$5.67K -$2.72K -146 -38%
UBS Group
41
UBS Group
Switzerland
$4.94K +$3.91K +210 New
NFA
42
Northwest Financial Advisors
Virginia
$2.35K +$1.86K +100 New
CSPIA
43
Cary Street Partners Investment Advisory
Virginia
– -$18.3K -1,125 Closed
EARNEST Partners
44
EARNEST Partners
Georgia
– -$8.06K -497 Closed
1
2

FUNC Hedge Fund Activity: Q4 2023 in Review

42 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q4 2023, worth a combined $52.3M — up 53% from $34.3M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new FUNC positions and 2 closed out — a net gain of 7 holders — while 16 added to existing stakes and 7 trimmed.

The largest buyer was Fourthstone LLC, adding an estimated $1.16M. The largest seller was Basswood Capital Management, cutting an estimated $529K.

  • 42 institutional investors held First United (FUNC) as of Q4 2023, up from 35 in Q3 2023.
  • Funds reported $52.3M of First United stock for Q4 2023, up 53% quarter-over-quarter.
  • 9 funds opened new First United positions in Q4 2023 and 2 closed out, a net change of +7 holders.
  • The largest First United buyer in Q4 2023 was Fourthstone LLC, an estimated $1.16M added.
  • The largest First United seller in Q4 2023 was Basswood Capital Management, an estimated $529K sold.

Based on aggregated 13F filings for Q4 2023.