First United
FUNC
42 hedge funds and large institutions have $25.6M invested in First United in 2020 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 21 reducing their positions, and 4 closing their positions.
1.74% less ownership
Funds ownership: 33.02% → 31.29% (-1.7%)
5% less funds holding
Funds holding: 44 → 42 (-2)
17% less capital invested
Capital invested by funds: $30.7M → $25.6M (-$5.1M)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
52% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
M3F Inc
Salt Lake City,
Utah
|
+$342K |
| 2 |
BlackRock
New York
|
+$212K |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$194K |
| 4 |
SO
STRS Ohio
Columbus,
Ohio
|
+$142K |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$99.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$1.36M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
-$356K |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$168K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$161K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$109K |
FUNC Hedge Fund Activity: Q3 2020 in Review
42 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q3 2020, worth a combined $25.6M — down 17% from $30.7M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of FUNC and 2 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 10 added.
The largest buyer was M3F Inc, adding an estimated $342K. The largest seller was Maltese Capital Management, exiting entirely with an estimated $1.36M sold.
- 42 institutional investors held First United (FUNC) as of Q3 2020, down from 44 in Q2 2020.
- Funds reported $25.6M of First United stock for Q3 2020, down 17% quarter-over-quarter.
- 2 funds opened new First United positions in Q3 2020 and 4 closed out, a net change of -2 holders.
- The largest First United buyer in Q3 2020 was M3F Inc, an estimated $342K added.
- The largest First United seller in Q3 2020 was Maltese Capital Management, an estimated $1.36M sold.
Based on aggregated 13F filings for Q3 2020.