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First United
FUNC

27 hedge funds and large institutions have $17.1M invested in First United in 2016 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 6

4% less funds holding

Funds holding: 28 → 27 (-1)

6% less capital invested

Capital invested by funds: $18.1M → $17.1M (-$1.03M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

50% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 2

Holders
27
Holders Change
-1
Holders Change %
-3.57%
% of All Funds
0.72%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
1
Increased
7
Reduced
6
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GJL
Gendell Jeffrey L
+$753K
2
MI
M3F Inc
Utah
+$181K
3
SCC
Second Curve Capital
Pennsylvania
+$16K
4
Deutsche Bank
Deutsche Bank
Germany
+$14.2K
5
UBS Group
UBS Group
Switzerland
+$5.76K

Top Sellers

Rank Fund Capital Flow
1
FUBT
First United Bank & Trust
Maryland
-$160K
2
AIM
Acrospire Investment Management
Illinois
-$54K
3
Morgan Stanley
Morgan Stanley
New York
-$31.5K
4
LSV Asset Management
LSV Asset Management
Illinois
-$30.2K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$8.52K
Name Holding Trade Value Shares
Change 		Change in
Stake
MI
1
M3F Inc
Utah
$4.49M +$181K +17,040 +4%
GJL
2
Gendell Jeffrey L
$3.03M +$753K +70,761 +30%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$2.11M – – –
Vanguard Group
4
Vanguard Group
Pennsylvania
$2.05M +$2.13K +200 +0.1%
FUBT
5
First United Bank & Trust
Maryland
$2.05M -$160K -15,002 -7%
SCC
6
Second Curve Capital
Pennsylvania
$1.27M +$16K +1,500 +1%
Northern Trust
7
Northern Trust
Illinois
$542K – – –
California Public Employees Retirement System
8
California Public Employees Retirement System
California
$311K – – –
BCM
9
Bridgeway Capital Management
Texas
$287K – – –
BFA
10
BlackRock Fund Advisors
California
$184K -$4.06K -381 -2%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$178K – – –
LSV Asset Management
12
LSV Asset Management
Illinois
$157K -$30.2K -2,839 -15%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$100K – – –
BIT
14
BlackRock Institutional Trust
California
$98K – – –
Morgan Stanley
15
Morgan Stanley
New York
$77K -$31.5K -2,955 -28%
Deutsche Bank
16
Deutsche Bank
Germany
$50K +$14.2K +1,334 +35%
UBS Group
17
UBS Group
Switzerland
$25K +$5.76K +541 +27%
BA
18
BlackRock Advisors
Delaware
$24K – – –
Acadian Asset Management
19
Acadian Asset Management
Massachusetts
$11K +$671 +63 +6%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$10K -$8.52K -800 -44%
BIM
21
BlackRock Investment Management
Delaware
$10K – – –
Federated Hermes
22
Federated Hermes
Pennsylvania
$6K – – –
TRCT
23
Tower Research Capital (TRC)
New York
$5K -$341 -32 -5%
CHC
24
City Holding Co
West Virginia
$5K – – –
EARNEST Partners
25
EARNEST Partners
Georgia
$4K – – –
1
2

FUNC Hedge Fund Activity: Q2 2016 in Review

27 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q2 2016, worth a combined $17.1M — down 5.7% from $18.1M a quarter earlier.

Sellers outnumbered buyers: 2 funds closed out of FUNC and 1 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 7 added.

The largest buyer was Gendell Jeffrey L, adding an estimated $753K. The largest seller was First United Bank & Trust, cutting an estimated $160K.

  • 27 institutional investors held First United (FUNC) as of Q2 2016, down from 28 in Q1 2016.
  • Funds reported $17.1M of First United stock for Q2 2016, down 5.7% quarter-over-quarter.
  • 1 fund opened new First United positions in Q2 2016 and 2 closed out, a net change of -1 holder.
  • The largest First United buyer in Q2 2016 was Gendell Jeffrey L, an estimated $753K added.
  • The largest First United seller in Q2 2016 was First United Bank & Trust, an estimated $160K sold.

Based on aggregated 13F filings for Q2 2016.