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First United
FUNC

47 hedge funds and large institutions have $56.1M invested in First United in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 5

82% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 11

12% more funds holding

Funds holding: 42 → 47 (+5)

7% more capital invested

Capital invested by funds: $52.3M → $56.1M (+$3.8M)

3.34% more ownership

Funds ownership: 33.28% → 36.63% (+3.3%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
47
Holders Change
+5
Holders Change %
+11.9%
% of All Funds
0.68%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
20
Reduced
11
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
+$1.42M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.14M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$1.08M
4
Millennium Management
Millennium Management
New York
+$1.04M
5
Jane Street
Jane Street
New York
+$977K

Top Sellers

Rank Fund Capital Flow
1
EC
EJF Capital
Virginia
-$4.08M
2
RIP
Rhino Investment Partners
Pennsylvania
-$2.65M
3
Morgan Stanley
Morgan Stanley
New York
-$325K
4
ECM
ExodusPoint Capital Management
New York
-$263K
5
Osaic Holdings
Osaic Holdings
Arizona
-$180K
Name Holding Trade Value Shares
Change 		Change in
Stake
State Street
26
State Street
Massachusetts
$474K +$6.7K +300 +1%
Morgan Stanley
27
Morgan Stanley
New York
$471K -$325K -14,559 -41%
Qube Research & Technologies (QRT)
28
Qube Research & Technologies (QRT)
United Kingdom
$390K +$183K +8,217 +93%
EF
29
Empowered Funds
Pennsylvania
$370K +$26.6K +1,192 +8%
LSV Asset Management
30
LSV Asset Management
Illinois
$364K – – –
Invesco
31
Invesco
Georgia
$313K +$305K +13,669 New
QC
32
Quadrature Capital
United Kingdom
$298K +$288K +12,917 New
Bank of America
33
Bank of America
North Carolina
$294K +$208K +9,301 +262%
Bank of New York Mellon
34
Bank of New York Mellon
New York
$269K -$30K -1,344 -10%
RWM
35
Ritholtz Wealth Management
New York
$237K +$231K +10,348 New
Citigroup
36
Citigroup
New York
$222K +$50.1K +2,247 +30%
T. Rowe Price Associates
37
T. Rowe Price Associates
Maryland
$209K +$203K +9,111 New
LCM
38
Logan Capital Management
Pennsylvania
$113K – – –
HIM
39
Hillsdale Investment Management
Ontario, Canada
$111K +$108K +4,836 New
Barclays
40
Barclays
United Kingdom
$82K – – –
SOW
41
State of Wyoming
Wyoming
$28.2K -$3.62K -162 -12%
JP Morgan Chase
42
JP Morgan Chase
New York
$24.2K -$9.08K -407 -28%
Wells Fargo
43
Wells Fargo
California
$22.8K +$22 +1 +0.1%
Fidelity Investments
44
Fidelity Investments
Massachusetts
$19.8K +$603 +27 +3%
UBS Group
45
UBS Group
Switzerland
$9.6K +$4.67K +209 +100%
TRCT
46
Tower Research Capital (TRC)
New York
$3.46K -$2.01K -90 -37%
Macquarie Group
47
Macquarie Group
Australia
$3 +$2.72K +122 New
RIP
48
Rhino Investment Partners
Pennsylvania
– -$2.65M -112,594 Closed
ECM
49
ExodusPoint Capital Management
New York
– -$263K -11,204 Closed
Osaic Holdings
50
Osaic Holdings
Arizona
– -$180K -7,647 Closed
1
2
3

FUNC Hedge Fund Activity: Q1 2024 in Review

47 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q1 2024, worth a combined $56.1M — up 7.3% from $52.3M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new FUNC positions and 5 closed out — a net gain of 5 holders — while 20 added to existing stakes and 11 trimmed.

The largest buyer was Fourthstone LLC, adding an estimated $1.42M. The largest seller was EJF Capital, cutting an estimated $4.08M.

  • 47 institutional investors held First United (FUNC) as of Q1 2024, up from 42 in Q4 2023.
  • Funds reported $56.1M of First United stock for Q1 2024, up 7.3% quarter-over-quarter.
  • 10 funds opened new First United positions in Q1 2024 and 5 closed out, a net change of +5 holders.
  • The largest First United buyer in Q1 2024 was Fourthstone LLC, an estimated $1.42M added.
  • The largest First United seller in Q1 2024 was EJF Capital, an estimated $4.08M sold.

Based on aggregated 13F filings for Q1 2024.