First United
FUNC
39 hedge funds and large institutions have $29.5M invested in First United in 2020 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 13 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
1.34% less ownership
Funds ownership: 30.4% → 29.06% (-1.3%)
17% less funds holding
Funds holding: 47 → 39 (-8)
43% less capital invested
Capital invested by funds: $52.1M → $29.5M (-$22.5M)
62% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.97M |
| 2 |
Millennium Management
New York
|
+$1.7M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$494K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$351K |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$351K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
-$2.74M |
| 2 |
FL
Fourthstone LLC
St Louis,
Missouri
|
-$1.67M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$885K |
| 4 |
MI
M3F Inc
Salt Lake City,
Utah
|
-$711K |
| 5 |
ECM
ExodusPoint Capital Management
New York
|
-$472K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFGS
51
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$46.3K | -2,195 | Closed |
|
52
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$34K | -1,414 | Closed |
|
FUNC Hedge Fund Activity: Q1 2020 in Review
39 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q1 2020, worth a combined $29.5M — down 43% from $52.1M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FUNC and 5 opened new positions — a net loss of 8 holders — while 12 trimmed existing stakes and 16 added.
The largest buyer was Vanguard Group, adding an estimated $2.97M. The largest seller was Gendell Jeffrey L, cutting an estimated $2.74M.
- 39 institutional investors held First United (FUNC) as of Q1 2020, down from 47 in Q4 2019.
- Funds reported $29.5M of First United stock for Q1 2020, down 43% quarter-over-quarter.
- 5 funds opened new First United positions in Q1 2020 and 13 closed out, a net change of -8 holders.
- The largest First United buyer in Q1 2020 was Vanguard Group, an estimated $2.97M added.
- The largest First United seller in Q1 2020 was Gendell Jeffrey L, an estimated $2.74M sold.
Based on aggregated 13F filings for Q1 2020.