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First United
FUNC

39 hedge funds and large institutions have $35.4M invested in First United in 2021 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 6 increasing their positions, 19 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.78% less ownership

Funds ownership: 32.54% → 30.76% (-1.8%)

5% less funds holding

Funds holding: 41 → 39 (-2)

12% less capital invested

Capital invested by funds: $40.1M → $35.4M (-$4.68M)

18% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 11

68% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 19

Holders
39
Holders Change
-2
Holders Change %
-4.88%
% of All Funds
0.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
6
Reduced
19
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
EC
EJF Capital
Virginia
+$4.1M
2
BCM
Basswood Capital Management
New York
+$2.29M
3
Millennium Management
Millennium Management
New York
+$822K
4
Renaissance Technologies
Renaissance Technologies
New York
+$554K
5
E
Ergoteles
New York
+$535K

Top Sellers

1
BlackRock
BlackRock
New York
-$6.12M
2
State Street
State Street
Massachusetts
-$1.8M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$1.16M
4
Northern Trust
Northern Trust
Illinois
-$941K
5
Geode Capital Management
Geode Capital Management
Massachusetts
-$747K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$5.59M -$26.9K -1,494 -0.5%
Vanguard Group
2
Vanguard Group
Pennsylvania
$5.28M -$1.16M -64,344 -18%
EC
3
EJF Capital
Virginia
$3.97M +$4.1M +227,686 New
GJL
4
Gendell Jeffrey L
$2.81M +$77.4K +4,300 +3%
Renaissance Technologies
5
Renaissance Technologies
New York
$2.41M +$554K +30,784 +29%
BCM
6
Basswood Capital Management
New York
$2.22M +$2.29M +127,159 New
HAM
7
HoldCo Asset Management
Florida
$1.52M – – –
BlackRock
8
BlackRock
New York
$1.5M -$6.12M -339,835 -80%
BCM
9
Bridgeway Capital Management
Texas
$1.19M -$171K -9,500 -12%
MI
10
M3F Inc
Utah
$1.11M -$149K -8,277 -11%
PH
11
Pinnacle Holdings
Oklahoma
$1.03M – – –
Geode Capital Management
12
Geode Capital Management
Massachusetts
$821K -$747K -41,516 -47%
Millennium Management
13
Millennium Management
New York
$796K +$822K +45,673 New
Bank of New York Mellon
14
Bank of New York Mellon
New York
$594K -$306K -16,987 -33%
Northern Trust
15
Northern Trust
Illinois
$592K -$941K -52,267 -61%
E
16
Ergoteles
New York
$518K +$535K +29,700 New
Morgan Stanley
17
Morgan Stanley
New York
$437K -$30.6K -1,702 -6%
Fidelity Investments
18
Fidelity Investments
Massachusetts
$380K +$45.1K +2,503 +13%
Goldman Sachs
19
Goldman Sachs
New York
$362K -$383K -21,264 -51%
FCH
20
Freestone Capital Holdings
Washington
$279K +$288K +16,000 New
LSV Asset Management
21
LSV Asset Management
Illinois
$278K +$288K +16,000 New
WG
22
Winton Group
United Kingdom
$272K +$40.8K +2,265 +17%
Russell Investments Group
23
Russell Investments Group
United Kingdom
$265K – – –
American Century Companies
24
American Century Companies
Missouri
$234K +$242K +13,431 New
Jane Street
25
Jane Street
New York
$199K +$206K +11,419 New
1
2

FUNC Hedge Fund Activity: Q2 2021 in Review

39 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q2 2021, worth a combined $35.4M — down 12% from $40.1M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of FUNC and 9 opened new positions — a net loss of 2 holders — while 19 trimmed existing stakes and 6 added.

The largest buyer was EJF Capital, opening a new position worth an estimated $4.1M. The largest seller was BlackRock, cutting an estimated $6.12M.

  • 39 institutional investors held First United (FUNC) as of Q2 2021, down from 41 in Q1 2021.
  • Funds reported $35.4M of First United stock for Q2 2021, down 12% quarter-over-quarter.
  • 9 funds opened new First United positions in Q2 2021 and 11 closed out, a net change of -2 holders.
  • The largest First United buyer in Q2 2021 was EJF Capital, an estimated $4.1M added.
  • The largest First United seller in Q2 2021 was BlackRock, an estimated $6.12M sold.

Based on aggregated 13F filings for Q2 2021.