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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
33
Holders Change
+1
Holders Change %
+3.13%
% of All Funds
0.52%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
9
Reduced
11
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BCM
Basswood Capital Management
New York
+$1.21M
2
RIP
Rhino Investment Partners
Pennsylvania
+$587K
3
OSAM
O'Shaughnessy Asset Management
Connecticut
+$272K
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$203K
5
BlackRock
BlackRock
New York
+$176K

Top Sellers

Rank Fund Capital Flow
1
MI
M3F Inc
Utah
-$499K
2
E
Ergoteles
New York
-$280K
3
Renaissance Technologies
Renaissance Technologies
New York
-$135K
4
SCA
Snowden Capital Advisors
New York
-$56K
5
LSV Asset Management
LSV Asset Management
Illinois
-$49.3K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$7.02M +$60.7K +2,830 +0.9%
Vanguard Group
2
Vanguard Group
Pennsylvania
$6.76M -$20.5K -956 -0.3%
EC
3
EJF Capital
Virginia
$5.48M +$27.8K +1,296 +0.5%
BCM
4
Basswood Capital Management
New York
$5.31M +$1.21M +56,252 +31%
GJL
5
Gendell Jeffrey L
$3.63M – – –
Renaissance Technologies
6
Renaissance Technologies
New York
$2.23M -$135K -6,307 -6%
HAM
7
HoldCo Asset Management
Florida
$1.97M – – –
BlackRock
8
BlackRock
New York
$1.82M +$176K +8,224 +11%
BCM
9
Bridgeway Capital Management
Texas
$1.57M +$30.4K +1,417 +2%
PH
10
Pinnacle Holdings
Oklahoma
$1.38M – – –
Geode Capital Management
11
Geode Capital Management
Massachusetts
$1.04M -$30.9K -1,443 -3%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$771K -$8.51K -397 -1%
Northern Trust
13
Northern Trust
Illinois
$712K -$24.2K -1,129 -3%
Fidelity Investments
14
Fidelity Investments
Massachusetts
$640K +$79.7K +3,720 +15%
American Century Companies
15
American Century Companies
Missouri
$621K +$131K +6,112 +28%
RIP
16
Rhino Investment Partners
Pennsylvania
$617K +$587K +27,382 New
Morgan Stanley
17
Morgan Stanley
New York
$509K -$579 -27 -0.1%
Goldman Sachs
18
Goldman Sachs
New York
$453K -$2.92K -136 -0.7%
BCM
19
BHZ Capital Management
California
$442K -$28K -1,305 -6%
Russell Investments Group
20
Russell Investments Group
United Kingdom
$343K – – –
State Street
21
State Street
Massachusetts
$330K +$31.3K +1,462 +11%
LSV Asset Management
22
LSV Asset Management
Illinois
$309K -$49.3K -2,300 -14%
OSAM
23
O'Shaughnessy Asset Management
Connecticut
$286K +$272K +12,698 New
Bank of America
24
Bank of America
North Carolina
$223K -$7.01K -327 -3%
Acadian Asset Management
25
Acadian Asset Management
Massachusetts
$212K +$203K +9,486 New
1
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FUNC Hedge Fund Activity: Q1 2022 in Review

33 of the 6,340 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.