We are live on ! Find out more
FUNC icon

First United
FUNC

27 hedge funds and large institutions have $21.7M invested in First United in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more capital invested

Capital invested by funds: $17.1M → $21.7M (+$4.61M)

17% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 6

0% more funds holding

Funds holding: 27 → 27 (0)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 2

Holders
27
Holders Change
–
Holders Change %
0%
% of All Funds
0.72%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
2
Increased
7
Reduced
6
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$380K
2
PH
Pinnacle Holdings
Oklahoma
+$77.1K
3
SCC
Second Curve Capital
Pennsylvania
+$41.3K
4
MI
M3F Inc
Utah
+$38.3K
5
GJL
Gendell Jeffrey L
+$31.2K

Top Sellers

Rank Fund Capital Flow
1
FUBT
First United Bank & Trust
Maryland
-$218K
2
Bank of New York Mellon
Bank of New York Mellon
New York
-$100K
3
LSV Asset Management
LSV Asset Management
Illinois
-$70.5K
4
UBS Group
UBS Group
Switzerland
-$22.7K
5
TRCT
Tower Research Capital (TRC)
New York
-$4.75K
Name Holding Trade Value Shares
Change 		Change in
Stake
MI
1
M3F Inc
Utah
$5.69M +$38.3K +3,705 +0.8%
GJL
2
Gendell Jeffrey L
$3.85M +$31.2K +3,018 +1%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$2.66M – – –
Vanguard Group
4
Vanguard Group
Pennsylvania
$2.58M +$3.1K +300 +0.1%
FUBT
5
First United Bank & Trust
Maryland
$2.32M -$218K -21,068 -10%
SCC
6
Second Curve Capital
Pennsylvania
$1.65M +$41.3K +4,000 +3%
Northern Trust
7
Northern Trust
Illinois
$682K +$351 +34 +0.1%
Janney Montgomery Scott
8
Janney Montgomery Scott
Pennsylvania
$456K +$380K +36,800 New
California Public Employees Retirement System
9
California Public Employees Retirement System
California
$392K – – –
BCM
10
Bridgeway Capital Management
Texas
$362K – – –
BFA
11
BlackRock Fund Advisors
California
$231K -$351 -34 -0.2%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$224K – – –
BIT
13
BlackRock Institutional Trust
California
$123K – – –
LSV Asset Management
14
LSV Asset Management
Illinois
$113K -$70.5K -6,826 -43%
Morgan Stanley
15
Morgan Stanley
New York
$96K – – –
PH
16
Pinnacle Holdings
Oklahoma
$92.5K +$77.1K +7,468 New
Deutsche Bank
17
Deutsche Bank
Germany
$70K +$6.2K +600 +12%
BA
18
BlackRock Advisors
Delaware
$30K – – –
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$25K +$10.3K +1,000 +100%
Acadian Asset Management
20
Acadian Asset Management
Massachusetts
$13K -$589 -57 -5%
BIM
21
BlackRock Investment Management
Delaware
$13K – – –
Federated Hermes
22
Federated Hermes
Pennsylvania
$7K – – –
CHC
23
City Holding Co
West Virginia
$6K – – –
GT
24
Glenmede Trust
Pennsylvania
$6K – – –
UBS Group
25
UBS Group
Switzerland
$5K -$22.7K -2,202 -85%
1
2

FUNC Hedge Fund Activity: Q3 2016 in Review

27 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q3 2016, worth a combined $21.7M — up 27% from $17.1M a quarter earlier.

Fund positioning in FUNC was balanced in Q3 2016: 2 funds opened new positions, 2 closed out, 7 added to existing stakes and 6 trimmed.

The largest buyer was Janney Montgomery Scott, opening a new position worth an estimated $380K. The largest seller was First United Bank & Trust, cutting an estimated $218K.

  • 27 institutional investors held First United (FUNC) as of Q3 2016, unchanged from Q2 2016.
  • Funds reported $21.7M of First United stock for Q3 2016, up 27% quarter-over-quarter.
  • 2 funds opened new First United positions in Q3 2016 and 2 closed out, a net change of 0 holders.
  • The largest First United buyer in Q3 2016 was Janney Montgomery Scott, an estimated $380K added.
  • The largest First United seller in Q3 2016 was First United Bank & Trust, an estimated $218K sold.

Based on aggregated 13F filings for Q3 2016.