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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
44
Holders Change
+5
Holders Change %
+12.82%
% of All Funds
0.9%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
13
Reduced
14
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BlackRock
BlackRock
New York
+$3.81M
2
Northern Trust
Northern Trust
Illinois
+$1.27M
3
State Street
State Street
Massachusetts
+$1.05M
4
Geode Capital Management
Geode Capital Management
Massachusetts
+$603K
5
Russell Investments Group
Russell Investments Group
United Kingdom
+$503K

Top Sellers

1
Millennium Management
Millennium Management
New York
-$1.16M
2
MI
M3F Inc
Utah
-$990K
3
GJL
Gendell Jeffrey L
-$741K
4
Vanguard Group
Vanguard Group
Pennsylvania
-$680K
5
CS
Credit Suisse
Switzerland
-$545K
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$5.49M -$680K -47,866 -10%
BlackRock
2
BlackRock
New York
$4.65M +$3.81M +268,197 +332%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$4.4M -$4.61K -325 -0.1%
GJL
4
Gendell Jeffrey L
$1.64M -$741K -52,189 -30%
Renaissance Technologies
5
Renaissance Technologies
New York
$1.61M +$106K +7,490 +7%
Northern Trust
6
Northern Trust
Illinois
$1.57M +$1.27M +89,236 +316%
MCM
7
Maltese Capital Management
New York
$1.36M -$258K -18,200 -15%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$1.14M +$603K +42,494 +98%
State Street
9
State Street
Massachusetts
$989K +$1.05M +74,156 New
PH
10
Pinnacle Holdings
Oklahoma
$903K – – –
BCM
11
Bridgeway Capital Management
Texas
$808K – – –
MI
12
M3F Inc
Utah
$667K -$990K -69,753 -58%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$652K +$247K +17,417 +55%
Russell Investments Group
14
Russell Investments Group
United Kingdom
$619K +$503K +35,449 +321%
Bank of America
15
Bank of America
North Carolina
$514K +$127K +8,931 +30%
LBS
16
Lawrence B. Seidman
$513K -$22.2K -1,562 -4%
Morgan Stanley
17
Morgan Stanley
New York
$398K +$2.24K +158 +0.5%
KCM
18
Kennedy Capital Management
Missouri
$354K +$4.3K +303 +1%
WG
19
Winton Group
United Kingdom
$305K +$324K +22,831 New
Goldman Sachs
20
Goldman Sachs
New York
$294K -$257K -18,124 -45%
Charles Schwab
21
Charles Schwab
California
$227K +$241K +16,966 New
California Public Employees Retirement System
22
California Public Employees Retirement System
California
$181K – – –
Wells Fargo
23
Wells Fargo
California
$177K -$16K -1,127 -8%
First Trust Advisors
24
First Trust Advisors
Illinois
$168K +$9.23K +650 +5%
TRCT
25
Tower Research Capital (TRC)
New York
$145K +$117K +8,243 +319%
1
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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.