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First United
FUNC

24 hedge funds and large institutions have $9.06M invested in First United in 2013 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 0 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 3

26% more funds holding

Funds holding: 19 → 24 (+5)

4% more capital invested

Capital invested by funds: $8.74M → $9.06M (+$321K)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
24
Holders Change
+5
Holders Change %
+26.32%
% of All Funds
0.7%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
5
Increased
4
Reduced
3
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCC
Second Curve Capital
Pennsylvania
+$464K
2
SCM
Schneider Capital Management
Pennsylvania
+$436K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$31.6K
4
Morgan Stanley
Morgan Stanley
New York
+$26.5K
5
U
UBS
Switzerland
+$24.2K

Top Sellers

Rank Fund Capital Flow
1
FUBT
First United Bank & Trust
Maryland
-$47.5K
2
TRCT
Tower Research Capital (TRC)
New York
-$11.8K
3
Northern Trust
Northern Trust
Illinois
-$796
Name Holding Trade Value Shares
Change 		Change in
Stake
FUBT
1
First United Bank & Trust
Maryland
$2.19M -$47.5K -5,965 -2%
SCC
2
Second Curve Capital
Pennsylvania
$2.1M +$464K +58,320 +27%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$1.49M – – –
Vanguard Group
4
Vanguard Group
Pennsylvania
$1.11M – – –
Northern Trust
5
Northern Trust
Illinois
$436K -$796 -100 -0.2%
SCM
6
Schneider Capital Management
Pennsylvania
$420K +$436K +54,779 New
LSV Asset Management
7
LSV Asset Management
Illinois
$249K – – –
California Public Employees Retirement System
8
California Public Employees Retirement System
California
$246K – – –
Geode Capital Management
9
Geode Capital Management
Massachusetts
$138K – – –
HCA
10
Hovde Capital Advisors
Wisconsin
$130K – – –
BFA
11
BlackRock Fund Advisors
California
$127K +$5.49K +690 +4%
WB
12
WesBanco Bank
West Virginia
$123K – – –
Bank of New York Mellon
13
Bank of New York Mellon
New York
$95K – – –
BIT
14
BlackRock Institutional Trust
California
$91K – – –
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$40K +$31.6K +3,969 +303%
Morgan Stanley
16
Morgan Stanley
New York
$25K +$26.5K +3,324 New
U
17
UBS
Switzerland
$24K +$24.2K +3,037 +2,336%
BA
18
BlackRock Advisors
Delaware
$14K – – –
CHC
19
City Holding Co
West Virginia
$8K +$7.96K +1,000 New
EARNEST Partners
20
EARNEST Partners
Georgia
$5K +$5.11K +642 New
TRCT
21
Tower Research Capital (TRC)
New York
$3K -$11.8K -1,478 -78%
GT
22
Glenmede Trust
Pennsylvania
$3K – – –
Bank of America
23
Bank of America
North Carolina
– +$151 +19 New

FUNC Hedge Fund Activity: Q4 2013 in Review

24 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q4 2013, worth a combined $9.06M — up 3.7% from $8.74M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new FUNC positions and 0 closed out — a net gain of 5 holders — while 4 added to existing stakes and 3 trimmed.

The largest buyer was Second Curve Capital, adding an estimated $464K. The largest seller was First United Bank & Trust, cutting an estimated $47.5K.

  • 24 institutional investors held First United (FUNC) as of Q4 2013, up from 19 in Q3 2013.
  • Funds reported $9.06M of First United stock for Q4 2013, up 3.7% quarter-over-quarter.
  • 5 funds opened new First United positions in Q4 2013 and 0 closed out, a net change of +5 holders.
  • The largest First United buyer in Q4 2013 was Second Curve Capital, an estimated $464K added.
  • The largest First United seller in Q4 2013 was First United Bank & Trust, an estimated $47.5K sold.

Based on aggregated 13F filings for Q4 2013.