First United
FUNC
48 hedge funds and large institutions have $48.8M invested in First United in 2018 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 15 increasing their positions, 4 reducing their positions, and 1 closing their positions.
1,900% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 1
275% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 4
66% more funds holding
Funds holding: 29 → 48 (+19)
3% more capital invested
Capital invested by funds: $47.4M → $48.8M (+$1.39M)
1.17% less ownership
Funds ownership: 34.93% → 33.76% (-1.2%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$6.31M |
| 2 |
State Street
Boston,
Massachusetts
|
+$1.89M |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$1.14M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$926K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$657K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
M3F Inc
Salt Lake City,
Utah
|
-$11.7M |
| 2 |
BCM
Basswood Capital Management
New York
|
-$4.1M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$323K |
| 4 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
-$81K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$16.4K |
FUNC Hedge Fund Activity: Q2 2018 in Review
48 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q2 2018, worth a combined $48.8M — up 2.9% from $47.4M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new FUNC positions and 1 closed out — a net gain of 19 holders — while 15 added to existing stakes and 4 trimmed.
The largest buyer was BlackRock, adding an estimated $6.31M. The largest seller was M3F Inc, cutting an estimated $11.7M.
- 48 institutional investors held First United (FUNC) as of Q2 2018, up from 29 in Q1 2018.
- Funds reported $48.8M of First United stock for Q2 2018, up 2.9% quarter-over-quarter.
- 20 funds opened new First United positions in Q2 2018 and 1 closed out, a net change of +19 holders.
- The largest First United buyer in Q2 2018 was BlackRock, an estimated $6.31M added.
- The largest First United seller in Q2 2018 was M3F Inc, an estimated $11.7M sold.
Based on aggregated 13F filings for Q2 2018.