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First United
FUNC

48 hedge funds and large institutions have $45.6M invested in First United in 2018 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 8 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

163% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 8

0.52% more ownership

Funds ownership: 33.76% → 34.27% (+0.52%)

0% more funds holding

Funds holding: 48 → 48 (0)

0% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 6

7% less capital invested

Capital invested by funds: $48.8M → $45.6M (-$3.18M)

Holders
48
Holders Change
–
Holders Change %
0%
% of All Funds
1.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
21
Reduced
8
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MI
M3F Inc
Utah
+$312K
2
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$267K
3
First Trust Advisors
First Trust Advisors
Illinois
+$210K
4
BCM
Bridgeway Capital Management
Texas
+$156K
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$131K

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$215K
2
Renaissance Technologies
Renaissance Technologies
New York
-$202K
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$176K
4
Deutsche Bank
Deutsche Bank
Germany
-$169K
5
Morgan Stanley
Morgan Stanley
New York
-$108K
Name Holding Trade Value Shares
Change 		Change in
Stake
GJL
1
Gendell Jeffrey L
$8.4M +$13.5K +692 +0.2%
BlackRock
2
BlackRock
New York
$6.49M +$60.3K +3,093 +0.9%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$5.57M +$267K +13,726 +5%
Vanguard Group
4
Vanguard Group
Pennsylvania
$5.25M +$33.1K +1,697 +0.6%
EC
5
EJF Capital
Virginia
$3.33M – – –
MI
6
M3F Inc
Utah
$2.74M +$312K +16,017 +12%
Northern Trust
7
Northern Trust
Illinois
$2.42M +$11.3K +582 +0.5%
State Street
8
State Street
Massachusetts
$1.81M +$76.5K +3,928 +4%
PH
9
Pinnacle Holdings
Oklahoma
$1.41M – – –
BCM
10
Bridgeway Capital Management
Texas
$1.15M +$156K +8,000 +15%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$1.07M +$131K +6,700 +13%
Deutsche Bank
12
Deutsche Bank
Germany
$707K -$169K -8,651 -19%
California Public Employees Retirement System
13
California Public Employees Retirement System
California
$669K – – –
Bank of New York Mellon
14
Bank of New York Mellon
New York
$515K – – –
Morgan Stanley
15
Morgan Stanley
New York
$462K -$108K -5,521 -18%
Renaissance Technologies
16
Renaissance Technologies
New York
$412K -$202K -10,380 -32%
WSL
17
Western Standard LLC
California
$386K +$37.2K +1,908 +10%
Janney Montgomery Scott
18
Janney Montgomery Scott
Pennsylvania
$341K – – –
Charles Schwab
19
Charles Schwab
California
$288K – – –
Wells Fargo
20
Wells Fargo
California
$269K +$116K +5,935 +71%
Invesco
21
Invesco
Georgia
$235K +$2.06K +106 +0.9%
First Trust Advisors
22
First Trust Advisors
Illinois
$202K +$210K +10,756 New
California State Teachers Retirement System (CalSTRS)
23
California State Teachers Retirement System (CalSTRS)
California
$197K – – –
SWM
24
SeaCrest Wealth Management
New York
$195K – – –
TCIM
25
TIAA CREF Investment Management
New York
$192K -$4.81K -247 -2%
1
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FUNC Hedge Fund Activity: Q3 2018 in Review

48 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q3 2018, worth a combined $45.6M — down 6.5% from $48.8M a quarter earlier.

Fund positioning in FUNC was balanced in Q3 2018: 6 funds opened new positions, 6 closed out, 21 added to existing stakes and 8 trimmed.

The largest buyer was M3F Inc, adding an estimated $312K. The largest seller was Goldman Sachs, exiting entirely with an estimated $215K sold.

  • 48 institutional investors held First United (FUNC) as of Q3 2018, unchanged from Q2 2018.
  • Funds reported $45.6M of First United stock for Q3 2018, down 6.5% quarter-over-quarter.
  • 6 funds opened new First United positions in Q3 2018 and 6 closed out, a net change of 0 holders.
  • The largest First United buyer in Q3 2018 was M3F Inc, an estimated $312K added.
  • The largest First United seller in Q3 2018 was Goldman Sachs, an estimated $215K sold.

Based on aggregated 13F filings for Q3 2018.