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First United
FUNC

35 hedge funds and large institutions have $38.9M invested in First United in 2022 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 5 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

220% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 5

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

6% more funds holding

Funds holding: 33 → 35 (+2)

1.11% more ownership

Funds ownership: 30.13% → 31.23% (+1.1%)

13% less capital invested

Capital invested by funds: $44.9M → $38.9M (-$6.03M)

Holders
35
Holders Change
+2
Holders Change %
+6.06%
% of All Funds
0.59%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
5
Increased
16
Reduced
5
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RIP
Rhino Investment Partners
Pennsylvania
+$468K
2
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$388K
3
EC
EJF Capital
Virginia
+$322K
4
HCM
Huber Capital Management
California
+$317K
5
Millennium Management
Millennium Management
New York
+$316K

Top Sellers

Rank Fund Capital Flow
1
BCM
BHZ Capital Management
California
-$442K
2
Renaissance Technologies
Renaissance Technologies
New York
-$247K
3
Bank of America
Bank of America
North Carolina
-$129K
4
BlackRock
BlackRock
New York
-$25.5K
5
Morgan Stanley
Morgan Stanley
New York
-$24.9K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$6.19M +$388K +18,491 +6%
Vanguard Group
2
Vanguard Group
Pennsylvania
$5.63M – – –
EC
3
EJF Capital
Virginia
$4.85M +$322K +15,325 +6%
BCM
4
Basswood Capital Management
New York
$4.43M +$11.6K +554 +0.2%
GJL
5
Gendell Jeffrey L
$3.02M – – –
Renaissance Technologies
6
Renaissance Technologies
New York
$1.64M -$247K -11,793 -12%
HAM
7
HoldCo Asset Management
Florida
$1.64M – – –
BlackRock
8
BlackRock
New York
$1.49M -$25.5K -1,214 -2%
BCM
9
Bridgeway Capital Management
Texas
$1.3M – – –
PH
10
Pinnacle Holdings
Oklahoma
$1.15M – – –
RIP
11
Rhino Investment Partners
Pennsylvania
$932K +$468K +22,315 +81%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$898K +$32.4K +1,542 +3%
American Century Companies
13
American Century Companies
Missouri
$658K +$157K +7,503 +27%
Bank of New York Mellon
14
Bank of New York Mellon
New York
$654K +$13.8K +656 +2%
Northern Trust
15
Northern Trust
Illinois
$602K +$10.3K +493 +2%
Fidelity Investments
16
Fidelity Investments
Massachusetts
$536K +$2.56K +122 +0.4%
Morgan Stanley
17
Morgan Stanley
New York
$401K -$24.9K -1,186 -5%
OSAM
18
O'Shaughnessy Asset Management
Connecticut
$389K +$169K +8,061 +63%
Goldman Sachs
19
Goldman Sachs
New York
$378K +$525 +25 +0.1%
State Street
20
State Street
Massachusetts
$332K +$63.7K +3,034 +21%
Russell Investments Group
21
Russell Investments Group
United Kingdom
$286K – – –
Millennium Management
22
Millennium Management
New York
$283K +$316K +15,064 New
HCM
23
Huber Capital Management
California
$283K +$317K +15,104 New
LSV Asset Management
24
LSV Asset Management
Illinois
$261K +$4.55K +217 +2%
Acadian Asset Management
25
Acadian Asset Management
Massachusetts
$234K +$63.8K +3,042 +32%
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FUNC Hedge Fund Activity: Q2 2022 in Review

35 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q2 2022, worth a combined $38.9M — down 13% from $44.9M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new FUNC positions and 3 closed out — a net gain of 2 holders — while 16 added to existing stakes and 5 trimmed.

The largest buyer was Rhino Investment Partners, adding an estimated $468K. The largest seller was BHZ Capital Management, exiting entirely with an estimated $442K sold.

  • 35 institutional investors held First United (FUNC) as of Q2 2022, up from 33 in Q1 2022.
  • Funds reported $38.9M of First United stock for Q2 2022, down 13% quarter-over-quarter.
  • 5 funds opened new First United positions in Q2 2022 and 3 closed out, a net change of +2 holders.
  • The largest First United buyer in Q2 2022 was Rhino Investment Partners, an estimated $468K added.
  • The largest First United seller in Q2 2022 was BHZ Capital Management, an estimated $442K sold.

Based on aggregated 13F filings for Q2 2022.