First United
FUNC
33 hedge funds and large institutions have $44.9M invested in First United in 2022 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 5 closing their positions.
24% more capital invested
Capital invested by funds: $36.2M → $44.9M (+$8.75M)
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
3% more funds holding
Funds holding: 32 → 33 (+1)
1.07% more ownership
Funds ownership: 29.06% → 30.13% (+1.1%)
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$1.21M |
| 2 |
RIP
Rhino Investment Partners
West Conshohocken,
Pennsylvania
|
+$587K |
| 3 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
+$272K |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$203K |
| 5 |
BlackRock
New York
|
+$176K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
M3F Inc
Salt Lake City,
Utah
|
-$499K |
| 2 |
E
Ergoteles
New York
|
-$280K |
| 3 |
Renaissance Technologies
New York
|
-$135K |
| 4 |
SCA
Snowden Capital Advisors
New York
|
-$56K |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
-$49.3K |
FUNC Hedge Fund Activity: Q1 2022 in Review
33 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q1 2022, worth a combined $44.9M — up 24% from $36.2M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FUNC positions and 5 closed out — a net gain of 1 holder — while 9 added to existing stakes and 11 trimmed.
The largest buyer was Basswood Capital Management, adding an estimated $1.21M. The largest seller was M3F Inc, exiting entirely with an estimated $499K sold.
- 33 institutional investors held First United (FUNC) as of Q1 2022, up from 32 in Q4 2021.
- Funds reported $44.9M of First United stock for Q1 2022, up 24% quarter-over-quarter.
- 6 funds opened new First United positions in Q1 2022 and 5 closed out, a net change of +1 holder.
- The largest First United buyer in Q1 2022 was Basswood Capital Management, an estimated $1.21M added.
- The largest First United seller in Q1 2022 was M3F Inc, an estimated $499K sold.
Based on aggregated 13F filings for Q1 2022.