First United
FUNC
44 hedge funds and large institutions have $30.7M invested in First United in 2020 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
13% more funds holding
Funds holding: 39 → 44 (+5)
3.96% more ownership
Funds ownership: 29.06% → 33.02% (+4%)
4% more capital invested
Capital invested by funds: $29.5M → $30.7M (+$1.18M)
7% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$3.81M |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$1.27M |
| 3 |
State Street
Boston,
Massachusetts
|
+$1.05M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$603K |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$503K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$1.16M |
| 2 |
MI
M3F Inc
Salt Lake City,
Utah
|
-$990K |
| 3 |
GJL
Gendell Jeffrey L
|
-$741K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$680K |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$545K |
FUNC Hedge Fund Activity: Q2 2020 in Review
44 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q2 2020, worth a combined $30.7M — up 4% from $29.5M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FUNC positions and 7 closed out — a net gain of 5 holders — while 13 added to existing stakes and 14 trimmed.
The largest buyer was BlackRock, adding an estimated $3.81M. The largest seller was Millennium Management, exiting entirely with an estimated $1.16M sold.
- 44 institutional investors held First United (FUNC) as of Q2 2020, up from 39 in Q1 2020.
- Funds reported $30.7M of First United stock for Q2 2020, up 4% quarter-over-quarter.
- 12 funds opened new First United positions in Q2 2020 and 7 closed out, a net change of +5 holders.
- The largest First United buyer in Q2 2020 was BlackRock, an estimated $3.81M added.
- The largest First United seller in Q2 2020 was Millennium Management, an estimated $1.16M sold.
Based on aggregated 13F filings for Q2 2020.