First United
FUNC
47 hedge funds and large institutions have $52.1M invested in First United in 2019 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
14% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 14
4% more funds holding
Funds holding: 45 → 47 (+2)
1% less capital invested
Capital invested by funds: $52.3M → $52.1M (-$276K)
3.06% less ownership
Funds ownership: 33.46% → 30.4% (-3.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$1.45M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.3M |
| 3 |
BlackRock
New York
|
+$1.04M |
| 4 |
LBS
Lawrence B. Seidman
|
+$947K |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$870K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
-$5.21M |
| 2 |
QCMA
Quad Capital Management Advisors
New York
|
-$3.33M |
| 3 |
GJL
Gendell Jeffrey L
|
-$1.84M |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$1.2M |
| 5 |
FIA
FNY Investment Advisers
New York
|
-$1.17M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Millennium Management
New York
| – | -$225K | -10,265 | Closed |
|
52
Victory Capital Management
San Antonio,
Texas
| – | -$28K | -1,276 | Closed |
|
|
QT
53
Quantamental Technologies
White Plains,
New York
| – | -$4K | -200 | Closed |
|
FUNC Hedge Fund Activity: Q4 2019 in Review
47 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q4 2019, worth a combined $52.1M — down 0.53% from $52.3M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FUNC positions and 7 closed out — a net gain of 3 holders — while 16 added to existing stakes and 14 trimmed.
The largest buyer was Renaissance Technologies, adding an estimated $1.45M. The largest seller was EJF Capital, exiting entirely with an estimated $5.21M sold.
- 47 institutional investors held First United (FUNC) as of Q4 2019, up from 45 in Q3 2019.
- Funds reported $52.1M of First United stock for Q4 2019, down 0.53% quarter-over-quarter.
- 10 funds opened new First United positions in Q4 2019 and 7 closed out, a net change of +3 holders.
- The largest First United buyer in Q4 2019 was Renaissance Technologies, an estimated $1.45M added.
- The largest First United seller in Q4 2019 was EJF Capital, an estimated $5.21M sold.
Based on aggregated 13F filings for Q4 2019.