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First United
FUNC

49 hedge funds and large institutions have $47.4M invested in First United in 2019 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 11

19% more capital invested

Capital invested by funds: $39.8M → $47.4M (+$7.57M)

3.4% more ownership

Funds ownership: 35.35% → 38.75% (+3.4%)

0% more funds holding

Funds holding: 49 → 49 (0)

0% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 5

Holders
49
Holders Change
–
Holders Change %
0%
% of All Funds
1.06%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
17
Reduced
11
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
GJL
Gendell Jeffrey L
+$2.28M
2
MCM
Maltese Capital Management
New York
+$1.48M
3
MI
M3F Inc
Utah
+$888K
4
Renaissance Technologies
Renaissance Technologies
New York
+$307K
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$272K

Top Sellers

1
BCM
Basswood Capital Management
New York
-$1.4M
2
BlackRock
BlackRock
New York
-$235K
3
Invesco
Invesco
Georgia
-$172K
4
UBS Group
UBS Group
Switzerland
-$51.1K
5
BCM
Bridgeway Capital Management
Texas
-$44.3K
Name Holding Trade Value Shares
Change 		Change in
Stake
GJL
1
Gendell Jeffrey L
$7.41M +$2.28M +133,576 +45%
BlackRock
2
BlackRock
New York
$5.9M -$235K -13,820 -4%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$5.45M +$272K +15,983 +5%
EC
4
EJF Capital
Virginia
$4.9M – – –
Vanguard Group
5
Vanguard Group
Pennsylvania
$4.83M -$18.8K -1,105 -0.4%
MI
6
M3F Inc
Utah
$4.05M +$888K +52,136 +29%
Northern Trust
7
Northern Trust
Illinois
$2.23M +$15.5K +908 +0.7%
State Street
8
State Street
Massachusetts
$1.74M +$82.4K +4,836 +5%
MCM
9
Maltese Capital Management
New York
$1.5M +$1.48M +86,600 New
PH
10
Pinnacle Holdings
Oklahoma
$1.29M – – –
Geode Capital Management
11
Geode Capital Management
Massachusetts
$1.09M +$51.6K +3,026 +5%
BCM
12
Bridgeway Capital Management
Texas
$1.03M -$44.3K -2,600 -4%
California Public Employees Retirement System
13
California Public Employees Retirement System
California
$614K – – –
Bank of New York Mellon
14
Bank of New York Mellon
New York
$470K -$2.85K -167 -0.6%
Morgan Stanley
15
Morgan Stanley
New York
$438K -$1.82K -107 -0.4%
WSL
16
Western Standard LLC
California
$416K – – –
Deutsche Bank
17
Deutsche Bank
Germany
$381K +$129K +7,564 +52%
Goldman Sachs
18
Goldman Sachs
New York
$340K +$148K +8,709 +79%
Janney Montgomery Scott
19
Janney Montgomery Scott
Pennsylvania
$313K – – –
Renaissance Technologies
20
Renaissance Technologies
New York
$311K +$307K +18,039 New
Wells Fargo
21
Wells Fargo
California
$301K +$18.4K +1,077 +7%
Charles Schwab
22
Charles Schwab
California
$264K – – –
Bank of America
23
Bank of America
North Carolina
$246K +$151K +8,839 +162%
First Trust Advisors
24
First Trust Advisors
Illinois
$223K +$2.54K +149 +1%
PAM
25
Panagora Asset Management
Massachusetts
$221K +$172K +10,085 +371%
1
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FUNC Hedge Fund Activity: Q1 2019 in Review

49 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q1 2019, worth a combined $47.4M — up 19% from $39.8M a quarter earlier.

Fund positioning in FUNC was balanced in Q1 2019: 5 funds opened new positions, 5 closed out, 17 added to existing stakes and 11 trimmed.

The largest buyer was Gendell Jeffrey L, adding an estimated $2.28M. The largest seller was Basswood Capital Management, exiting entirely with an estimated $1.4M sold.

  • 49 institutional investors held First United (FUNC) as of Q1 2019, unchanged from Q4 2018.
  • Funds reported $47.4M of First United stock for Q1 2019, up 19% quarter-over-quarter.
  • 5 funds opened new First United positions in Q1 2019 and 5 closed out, a net change of 0 holders.
  • The largest First United buyer in Q1 2019 was Gendell Jeffrey L, an estimated $2.28M added.
  • The largest First United seller in Q1 2019 was Basswood Capital Management, an estimated $1.4M sold.

Based on aggregated 13F filings for Q1 2019.