First United
FUNC
49 hedge funds and large institutions have $47.4M invested in First United in 2019 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 5 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 11
19% more capital invested
Capital invested by funds: $39.8M → $47.4M (+$7.57M)
3.4% more ownership
Funds ownership: 35.35% → 38.75% (+3.4%)
0% more funds holding
Funds holding: 49 → 49 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
+$2.28M |
| 2 |
MCM
Maltese Capital Management
New York
|
+$1.48M |
| 3 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$888K |
| 4 |
Renaissance Technologies
New York
|
+$307K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$272K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$1.4M |
| 2 |
BlackRock
New York
|
-$235K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$172K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$51.1K |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$44.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$4K | -228 | Closed |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| – | -$2K | -100 | Closed |
|
53
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$2K | -98 | Closed |
|
|
PCP
54
Proficio Capital Partners
Newton,
Massachusetts
| – | +$392 | +23 | New |
|
FUNC Hedge Fund Activity: Q1 2019 in Review
49 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q1 2019, worth a combined $47.4M — up 19% from $39.8M a quarter earlier.
Fund positioning in FUNC was balanced in Q1 2019: 5 funds opened new positions, 5 closed out, 17 added to existing stakes and 11 trimmed.
The largest buyer was Gendell Jeffrey L, adding an estimated $2.28M. The largest seller was Basswood Capital Management, exiting entirely with an estimated $1.4M sold.
- 49 institutional investors held First United (FUNC) as of Q1 2019, unchanged from Q4 2018.
- Funds reported $47.4M of First United stock for Q1 2019, up 19% quarter-over-quarter.
- 5 funds opened new First United positions in Q1 2019 and 5 closed out, a net change of 0 holders.
- The largest First United buyer in Q1 2019 was Gendell Jeffrey L, an estimated $2.28M added.
- The largest First United seller in Q1 2019 was Basswood Capital Management, an estimated $1.4M sold.
Based on aggregated 13F filings for Q1 2019.