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First United
FUNC

27 hedge funds and large institutions have $33.8M invested in First United in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 1 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,800% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 1

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

17% more capital invested

Capital invested by funds: $28.8M → $33.8M (+$4.92M)

8.29% more ownership

Funds ownership: 28.83% → 37.12% (+8.3%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

7% less funds holding

Funds holding: 29 → 27 (-2)

Holders
27
Holders Change
-2
Holders Change %
-6.9%
% of All Funds
0.67%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
5
Increased
19
Reduced
1
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MI
M3F Inc
Utah
+$2.26M
2
SCC
Second Curve Capital
Pennsylvania
+$1.44M
3
GJL
Gendell Jeffrey L
+$1.27M
4
BlackRock
BlackRock
New York
+$518K
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$425K

Top Sellers

Rank Fund Capital Flow
1
FCI
Financial Counselors Inc
Kansas
-$206K
2
Bank of America
Bank of America
North Carolina
-$16K
3
UBS Group
UBS Group
Switzerland
-$8.66K
4
EARNEST Partners
EARNEST Partners
Georgia
-$7K
Name Holding Trade Value Shares
Change 		Change in
Stake
MI
1
M3F Inc
Utah
$9.11M +$2.26M +156,806 +33%
GJL
2
Gendell Jeffrey L
$6.37M +$1.27M +88,553 +25%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$3.55M +$425K +29,520 +14%
SCC
4
Second Curve Capital
Pennsylvania
$3.39M +$1.44M +100,268 +75%
FUBT
5
First United Bank & Trust
Maryland
$3.03M +$306K +21,241 +11%
Vanguard Group
6
Vanguard Group
Pennsylvania
$2.44M +$385K +26,720 +19%
Northern Trust
7
Northern Trust
Illinois
$1.01M +$197K +13,678 +25%
PH
8
Pinnacle Holdings
Oklahoma
$898K +$357K +24,818 +67%
BCM
9
Bridgeway Capital Management
Texas
$774K +$348K +24,193 +83%
Janney Montgomery Scott
10
Janney Montgomery Scott
Pennsylvania
$622K +$88K +6,112 +17%
BlackRock
11
BlackRock
New York
$523K +$518K +35,988 New
California Public Employees Retirement System
12
California Public Employees Retirement System
California
$516K +$56.9K +3,954 +13%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$319K +$32.6K +2,263 +11%
ZIM
14
ZPR Investment Management
Florida
$291K +$47.3K +3,284 +20%
Renaissance Technologies
15
Renaissance Technologies
New York
$265K +$77.7K +5,400 +42%
Deutsche Bank
16
Deutsche Bank
Germany
$186K +$48.3K +3,359 +35%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$153K +$151K +10,497 New
Morgan Stanley
18
Morgan Stanley
New York
$142K +$28.8K +2,001 +26%
Creative Planning
19
Creative Planning
Kansas
$44K +$43.9K +3,050 New
TRCT
20
Tower Research Capital (TRC)
New York
$23K +$20.5K +1,425 +938%
IA
21
IFP Advisors
Florida
$22K +$21.6K +1,500 New
Acadian Asset Management
22
Acadian Asset Management
Massachusetts
$21K +$5.02K +349 +32%
UBS Group
23
UBS Group
Switzerland
$16K -$8.66K -602 -35%
MSFP
24
Mark Sheptoff Financial Planning
Connecticut
$15K +$14.4K +1,001 New
Federated Hermes
25
Federated Hermes
Pennsylvania
$9K +$1.01K +70 +12%
1
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FUNC Hedge Fund Activity: Q1 2017 in Review

27 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q1 2017, worth a combined $33.8M — up 17% from $28.8M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new FUNC positions and 3 closed out — a net gain of 2 holders — while 19 added to existing stakes and 1 trimmed.

The largest buyer was M3F Inc, adding an estimated $2.26M. The largest seller was Financial Counselors Inc, exiting entirely with an estimated $206K sold.

  • 27 institutional investors held First United (FUNC) as of Q1 2017, down from 29 in Q4 2016.
  • Funds reported $33.8M of First United stock for Q1 2017, up 17% quarter-over-quarter.
  • 5 funds opened new First United positions in Q1 2017 and 3 closed out, a net change of +2 holders.
  • The largest First United buyer in Q1 2017 was M3F Inc, an estimated $2.26M added.
  • The largest First United seller in Q1 2017 was Financial Counselors Inc, an estimated $206K sold.

Based on aggregated 13F filings for Q1 2017.