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First United
FUNC

49 hedge funds and large institutions have $39.8M invested in First United in 2018 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 14

33% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 3

2% more funds holding

Funds holding: 48 → 49 (+1)

1.08% more ownership

Funds ownership: 34.27% → 35.35% (+1.1%)

13% less capital invested

Capital invested by funds: $45.6M → $39.8M (-$5.77M)

Holders
49
Holders Change
+1
Holders Change %
+2.08%
% of All Funds
1.09%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
20
Reduced
14
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EC
EJF Capital
Virginia
+$1.91M
2
BCM
Basswood Capital Management
New York
+$1.51M
3
MI
M3F Inc
Utah
+$659K
4
Goldman Sachs
Goldman Sachs
New York
+$197K
5
BlackRock
BlackRock
New York
+$186K

Top Sellers

Rank Fund Capital Flow
1
GJL
Gendell Jeffrey L
-$2.71M
2
Deutsche Bank
Deutsche Bank
Germany
-$413K
3
Renaissance Technologies
Renaissance Technologies
New York
-$412K
4
Barclays
Barclays
United Kingdom
-$46.8K
5
Invesco
Invesco
Georgia
-$30.5K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$5.66M +$186K +10,409 +3%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$4.77M +$63.2K +3,527 +1%
GJL
3
Gendell Jeffrey L
$4.71M -$2.71M -151,234 -34%
EC
4
EJF Capital
Virginia
$4.52M +$1.91M +106,625 +60%
Vanguard Group
5
Vanguard Group
Pennsylvania
$4.47M +$28.2K +1,575 +0.6%
MI
6
M3F Inc
Utah
$2.9M +$659K +36,766 +25%
Northern Trust
7
Northern Trust
Illinois
$2.04M -$5.3K -296 -0.2%
State Street
8
State Street
Massachusetts
$1.53M +$806 +45 +0%
BCM
9
Basswood Capital Management
New York
$1.4M +$1.51M +84,058 +2,300%
PH
10
Pinnacle Holdings
Oklahoma
$1.19M -$2.78K -155 -0.2%
BCM
11
Bridgeway Capital Management
Texas
$996K +$21.5K +1,200 +2%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$955K +$56K +3,128 +5%
California Public Employees Retirement System
13
California Public Employees Retirement System
California
$567K – – –
Bank of New York Mellon
14
Bank of New York Mellon
New York
$436K – – –
Morgan Stanley
15
Morgan Stanley
New York
$405K +$15.7K +878 +4%
WSL
16
Western Standard LLC
California
$384K +$64.5K +3,600 +18%
Janney Montgomery Scott
17
Janney Montgomery Scott
Pennsylvania
$289K – – –
Wells Fargo
18
Wells Fargo
California
$261K +$37.6K +2,098 +15%
Charles Schwab
19
Charles Schwab
California
$244K – – –
Deutsche Bank
20
Deutsche Bank
Germany
$231K -$413K -23,034 -61%
First Trust Advisors
21
First Trust Advisors
Illinois
$203K +$36K +2,008 +19%
Goldman Sachs
22
Goldman Sachs
New York
$175K +$197K +10,992 New
Invesco
23
Invesco
Georgia
$172K -$30.5K -1,704 -14%
California State Teachers Retirement System (CalSTRS)
24
California State Teachers Retirement System (CalSTRS)
California
$167K – – –
SWM
25
SeaCrest Wealth Management
New York
$165K – – –
1
2 3

FUNC Hedge Fund Activity: Q4 2018 in Review

49 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q4 2018, worth a combined $39.8M — down 13% from $45.6M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new FUNC positions and 3 closed out — a net gain of 1 holder — while 20 added to existing stakes and 14 trimmed.

The largest buyer was EJF Capital, adding an estimated $1.91M. The largest seller was Gendell Jeffrey L, cutting an estimated $2.71M.

  • 49 institutional investors held First United (FUNC) as of Q4 2018, up from 48 in Q3 2018.
  • Funds reported $39.8M of First United stock for Q4 2018, down 13% quarter-over-quarter.
  • 4 funds opened new First United positions in Q4 2018 and 3 closed out, a net change of +1 holder.
  • The largest First United buyer in Q4 2018 was EJF Capital, an estimated $1.91M added.
  • The largest First United seller in Q4 2018 was Gendell Jeffrey L, an estimated $2.71M sold.

Based on aggregated 13F filings for Q4 2018.