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First United
FUNC

29 hedge funds and large institutions have $28.8M invested in First United in 2016 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 2 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 2

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

100% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 2

33% more capital invested

Capital invested by funds: $21.7M → $28.8M (+$7.13M)

28.83% more ownership

Funds ownership: 0% → 28.83% (+29%)

7% more funds holding

Funds holding: 27 → 29 (+2)

Holders
29
Holders Change
+2
Holders Change %
+7.41%
% of All Funds
0.72%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
4
Increased
12
Reduced
2
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GJL
Gendell Jeffrey L
+$515K
2
PH
Pinnacle Holdings
Oklahoma
+$382K
3
ZIM
ZPR Investment Management
Florida
+$216K
4
Renaissance Technologies
Renaissance Technologies
New York
+$166K
5
MI
M3F Inc
Utah
+$150K

Top Sellers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
-$861K
2
LSV Asset Management
LSV Asset Management
Illinois
-$113K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$25K
4
BIT
BlackRock Institutional Trust
California
-$16.7K
Name Holding Trade Value Shares
Change 		Change in
Stake
MI
1
M3F Inc
Utah
$7.52M +$150K +11,618 +3%
GJL
2
Gendell Jeffrey L
$5.59M +$515K +40,037 +13%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$3.43M +$5.7K +443 +0.2%
FUBT
4
First United Bank & Trust
Maryland
$2.99M +$7.78K +604 +0.3%
Vanguard Group
5
Vanguard Group
Pennsylvania
$2.26M -$861K -66,910 -32%
SCC
6
Second Curve Capital
Pennsylvania
$2.13M – – –
Northern Trust
7
Northern Trust
Illinois
$890K +$9.13K +709 +1%
PH
8
Pinnacle Holdings
Oklahoma
$592K +$382K +29,645 +397%
Janney Montgomery Scott
9
Janney Montgomery Scott
Pennsylvania
$587K – – –
California Public Employees Retirement System
10
California Public Employees Retirement System
California
$505K – – –
BCM
11
Bridgeway Capital Management
Texas
$466K – – –
Geode Capital Management
12
Geode Capital Management
Massachusetts
$314K +$20.9K +1,626 +9%
BFA
13
BlackRock Fund Advisors
California
$310K +$9.24K +718 +4%
ZIM
14
ZPR Investment Management
Florida
$268K +$216K +16,802 New
Renaissance Technologies
15
Renaissance Technologies
New York
$206K +$166K +12,900 New
FCI
16
Financial Counselors Inc
Kansas
$206K +$166K +12,901 New
Deutsche Bank
17
Deutsche Bank
Germany
$151K +$48.6K +3,776 +66%
BIT
18
BlackRock Institutional Trust
California
$138K -$16.7K -1,297 -13%
Morgan Stanley
19
Morgan Stanley
New York
$124K +$103 +8 +0.1%
BA
20
BlackRock Advisors
Delaware
$38K – – –
UBS Group
21
UBS Group
Switzerland
$27K +$17.3K +1,343 +356%
Acadian Asset Management
22
Acadian Asset Management
Massachusetts
$17K – – –
BIM
23
BlackRock Investment Management
Delaware
$16K – – –
Bank of America
24
Bank of America
North Carolina
$16K +$12.7K +985 New
Federated Hermes
25
Federated Hermes
Pennsylvania
$9K – – –
1
2

FUNC Hedge Fund Activity: Q4 2016 in Review

29 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q4 2016, worth a combined $28.8M — up 33% from $21.7M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new FUNC positions and 2 closed out — a net gain of 2 holders — while 12 added to existing stakes and 2 trimmed.

The largest buyer was Gendell Jeffrey L, adding an estimated $515K. The largest seller was Vanguard Group, cutting an estimated $861K.

  • 29 institutional investors held First United (FUNC) as of Q4 2016, up from 27 in Q3 2016.
  • Funds reported $28.8M of First United stock for Q4 2016, up 33% quarter-over-quarter.
  • 4 funds opened new First United positions in Q4 2016 and 2 closed out, a net change of +2 holders.
  • The largest First United buyer in Q4 2016 was Gendell Jeffrey L, an estimated $515K added.
  • The largest First United seller in Q4 2016 was Vanguard Group, an estimated $861K sold.

Based on aggregated 13F filings for Q4 2016.