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First United
FUNC

19 hedge funds and large institutions have $8.74M invested in First United in 2013 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 1

6% more capital invested

Capital invested by funds: $8.27M → $8.74M (+$474K)

6% more funds holding

Funds holding: 18 → 19 (+1)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

43% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 7

Holders
19
Holders Change
+1
Holders Change %
+5.56%
% of All Funds
0.62%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
2
Increased
4
Reduced
7
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCC
Second Curve Capital
Pennsylvania
+$305K
2
TRCT
Tower Research Capital (TRC)
New York
+$15.5K
3
BFA
BlackRock Fund Advisors
California
+$10.2K
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$9.57K
5
BA
BlackRock Advisors
Delaware
+$2.85K

Top Sellers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
-$397K
2
HCA
Hovde Capital Advisors
Wisconsin
-$85.4K
3
FUBT
First United Bank & Trust
Maryland
-$69.3K
4
BIT
BlackRock Institutional Trust
California
-$26.1K
5
Northern Trust
Northern Trust
Illinois
-$16.7K
Name Holding Trade Value Shares
Change 		Change in
Stake
FUBT
1
First United Bank & Trust
Maryland
$2.39M -$69.3K -8,477 -3%
SCC
2
Second Curve Capital
Pennsylvania
$1.77M +$305K +37,309 +21%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$1.6M +$9.57K +1,171 +0.6%
Vanguard Group
4
Vanguard Group
Pennsylvania
$1.19M -$397K -48,616 -25%
Northern Trust
5
Northern Trust
Illinois
$468K -$16.7K -2,037 -3%
LSV Asset Management
6
LSV Asset Management
Illinois
$267K – – –
California Public Employees Retirement System
7
California Public Employees Retirement System
California
$260K – – –
Geode Capital Management
8
Geode Capital Management
Massachusetts
$149K – – –
HCA
9
Hovde Capital Advisors
Wisconsin
$139K -$85.4K -10,444 -38%
WB
10
WesBanco Bank
West Virginia
$132K – – –
BFA
11
BlackRock Fund Advisors
California
$130K +$10.2K +1,242 +9%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$101K – – –
BIT
13
BlackRock Institutional Trust
California
$98K -$26.1K -3,189 -21%
TRCT
14
Tower Research Capital (TRC)
New York
$16K +$15.5K +1,892 New
BA
15
BlackRock Advisors
Delaware
$15K +$2.85K +349 +24%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$10K -$6.6K -807 -38%
GT
17
Glenmede Trust
Pennsylvania
$4K – – –
U
18
UBS
Switzerland
$1K -$2.75K -336 -72%
Wells Fargo
19
Wells Fargo
California
– +$8 +1 New

FUNC Hedge Fund Activity: Q3 2013 in Review

19 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q3 2013, worth a combined $8.74M — up 5.7% from $8.27M a quarter earlier.

Buyers outnumbered sellers: 2 funds opened new FUNC positions and 1 closed out — a net gain of 1 holder — while 4 added to existing stakes and 7 trimmed.

The largest buyer was Second Curve Capital, adding an estimated $305K. The largest seller was Vanguard Group, cutting an estimated $397K.

  • 19 institutional investors held First United (FUNC) as of Q3 2013, up from 18 in Q2 2013.
  • Funds reported $8.74M of First United stock for Q3 2013, up 5.7% quarter-over-quarter.
  • 2 funds opened new First United positions in Q3 2013 and 1 closed out, a net change of +1 holder.
  • The largest First United buyer in Q3 2013 was Second Curve Capital, an estimated $305K added.
  • The largest First United seller in Q3 2013 was Vanguard Group, an estimated $397K sold.

Based on aggregated 13F filings for Q3 2013.