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First United
FUNC

41 hedge funds and large institutions have $40.1M invested in First United in 2021 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

15% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 13

9% more capital invested

Capital invested by funds: $36.7M → $40.1M (+$3.36M)

1.39% less ownership

Funds ownership: 33.93% → 32.54% (-1.4%)

5% less funds holding

Funds holding: 43 → 41 (-2)

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

Holders
41
Holders Change
-2
Holders Change %
-4.65%
% of All Funds
0.72%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
15
Reduced
13
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$606K
2
Goldman Sachs
Goldman Sachs
New York
+$360K
3
LCM
Logan Capital Management
Pennsylvania
+$86.8K
4
Renaissance Technologies
Renaissance Technologies
New York
+$67K
5
Barclays
Barclays
United Kingdom
+$39.7K

Top Sellers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
-$847K
2
KCM
Kennedy Capital Management
Missouri
-$414K
3
Northern Trust
Northern Trust
Illinois
-$336K
4
EC
EJF Capital
Virginia
-$220K
5
Wells Fargo
Wells Fargo
California
-$154K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$7.51M +$606K +34,569 +9%
Vanguard Group
2
Vanguard Group
Pennsylvania
$6.47M -$847K -48,335 -12%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$5.68M +$11.6K +660 +0.2%
GJL
4
Gendell Jeffrey L
$2.76M +$9.46K +540 +0.3%
Renaissance Technologies
5
Renaissance Technologies
New York
$1.9M +$67K +3,821 +4%
State Street
6
State Street
Massachusetts
$1.8M +$34.2K +1,950 +2%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$1.56M +$10.1K +576 +0.7%
HAM
8
HoldCo Asset Management
Florida
$1.54M – – –
Northern Trust
9
Northern Trust
Illinois
$1.52M -$336K -19,153 -18%
BCM
10
Bridgeway Capital Management
Texas
$1.37M – – –
MI
11
M3F Inc
Utah
$1.27M +$20.2K +1,152 +2%
PH
12
Pinnacle Holdings
Oklahoma
$1.04M – – –
Bank of New York Mellon
13
Bank of New York Mellon
New York
$899K -$6.08K -347 -0.7%
Goldman Sachs
14
Goldman Sachs
New York
$741K +$360K +20,531 +96%
Morgan Stanley
15
Morgan Stanley
New York
$473K -$116K -6,606 -20%
JP Morgan Chase
16
JP Morgan Chase
New York
$386K +$27.3K +1,557 +8%
N
17
Nuveen
North Carolina
$377K -$14.8K -846 -4%
Fidelity Investments
18
Fidelity Investments
Massachusetts
$340K +$10K +571 +3%
Bank of America
19
Bank of America
North Carolina
$338K -$146K -8,321 -30%
Charles Schwab
20
Charles Schwab
California
$299K – – –
Russell Investments Group
21
Russell Investments Group
United Kingdom
$268K – – –
WG
22
Winton Group
United Kingdom
$235K +$22.4K +1,279 +11%
California Public Employees Retirement System
23
California Public Employees Retirement System
California
$233K -$6.2K -354 -3%
SO
24
STRS Ohio
Ohio
$220K – – –
California State Teachers Retirement System (CalSTRS)
25
California State Teachers Retirement System (CalSTRS)
California
$178K – – –
1
2

FUNC Hedge Fund Activity: Q1 2021 in Review

41 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q1 2021, worth a combined $40.1M — up 9.2% from $36.7M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of FUNC and 2 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 15 added.

The largest buyer was BlackRock, adding an estimated $606K. The largest seller was Vanguard Group, cutting an estimated $847K.

  • 41 institutional investors held First United (FUNC) as of Q1 2021, down from 43 in Q4 2020.
  • Funds reported $40.1M of First United stock for Q1 2021, up 9.2% quarter-over-quarter.
  • 2 funds opened new First United positions in Q1 2021 and 3 closed out, a net change of -1 holder.
  • The largest First United buyer in Q1 2021 was BlackRock, an estimated $606K added.
  • The largest First United seller in Q1 2021 was Vanguard Group, an estimated $847K sold.

Based on aggregated 13F filings for Q1 2021.