First United
FUNC
37 hedge funds and large institutions have $34.6M invested in First United in 2022 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
0% more funds holding
Funds holding: 37 → 37 (0)
0% less capital invested
Capital invested by funds: $34.8M → $34.6M (-$113K)
5.06% less ownership
Funds ownership: 31.54% → 26.48% (-5.1%)
15% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Huber Capital Management
El Segundo,
California
|
+$382K |
| 2 |
RA
Royce & Associates
New York
|
+$297K |
| 3 |
FUBT
First United Bank & Trust
Oakland,
Maryland
|
+$262K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$225K |
| 5 |
BCM
BHZ Capital Management
San Jose,
California
|
+$212K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$432K |
| 2 |
Bank of New York Mellon
New York
|
-$416K |
| 3 |
Millennium Management
New York
|
-$226K |
| 4 |
GJL
Gendell Jeffrey L
|
-$222K |
| 5 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
-$213K |
FUNC Hedge Fund Activity: Q4 2022 in Review
37 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q4 2022, worth a combined $34.6M — down 0.32% from $34.8M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FUNC positions and 4 closed out — a net gain of 1 holder — while 11 added to existing stakes and 13 trimmed.
The largest buyer was Huber Capital Management, adding an estimated $382K. The largest seller was Basswood Capital Management, cutting an estimated $432K.
- 37 institutional investors held First United (FUNC) as of Q4 2022, unchanged from Q3 2022.
- Funds reported $34.6M of First United stock for Q4 2022, down 0.32% quarter-over-quarter.
- 5 funds opened new First United positions in Q4 2022 and 4 closed out, a net change of +1 holder.
- The largest First United buyer in Q4 2022 was Huber Capital Management, an estimated $382K added.
- The largest First United seller in Q4 2022 was Basswood Capital Management, an estimated $432K sold.
Based on aggregated 13F filings for Q4 2022.