First United
FUNC
48 hedge funds and large institutions have $45.6M invested in First United in 2018 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 8 reducing their positions, and 6 closing their positions.
163% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 8
0.52% more ownership
Funds ownership: 33.76% → 34.27% (+0.52%)
0% more funds holding
Funds holding: 48 → 48 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
7% less capital invested
Capital invested by funds: $48.8M → $45.6M (-$3.18M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$312K |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$267K |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$210K |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$156K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$131K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$215K |
| 2 |
Renaissance Technologies
New York
|
-$202K |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$176K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$169K |
| 5 |
Morgan Stanley
New York
|
-$108K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Envestnet Asset Management
Chicago,
Illinois
| – | -$3K | -151 | Closed |
|
|
PIA
52
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$2K | -119 | Closed |
|
|
DA
53
Denali Advisors
San Diego,
California
| – | -$2K | -115 | Closed |
|
|
PAM
54
Panagora Asset Management
Boston,
Massachusetts
| – | +$234 | +12 | New |
|
FUNC Hedge Fund Activity: Q3 2018 in Review
48 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q3 2018, worth a combined $45.6M — down 6.5% from $48.8M a quarter earlier.
Fund positioning in FUNC was balanced in Q3 2018: 6 funds opened new positions, 6 closed out, 21 added to existing stakes and 8 trimmed.
The largest buyer was M3F Inc, adding an estimated $312K. The largest seller was Goldman Sachs, exiting entirely with an estimated $215K sold.
- 48 institutional investors held First United (FUNC) as of Q3 2018, unchanged from Q2 2018.
- Funds reported $45.6M of First United stock for Q3 2018, down 6.5% quarter-over-quarter.
- 6 funds opened new First United positions in Q3 2018 and 6 closed out, a net change of 0 holders.
- The largest First United buyer in Q3 2018 was M3F Inc, an estimated $312K added.
- The largest First United seller in Q3 2018 was Goldman Sachs, an estimated $215K sold.
Based on aggregated 13F filings for Q3 2018.