First United
FUNC
36 hedge funds and large institutions have $34.9M invested in First United in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 5 closing their positions.
4.55% more ownership
Funds ownership: 26.48% → 31.03% (+4.5%)
1% more capital invested
Capital invested by funds: $34.6M → $34.9M (+$246K)
3% less funds holding
Funds holding: 37 → 36 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
33% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 12
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Huber Capital Management
El Segundo,
California
|
+$1.34M |
| 2 |
EC
EJF Capital
Arlington,
Virginia
|
+$498K |
| 3 |
Millennium Management
New York
|
+$291K |
| 4 |
RA
Royce & Associates
New York
|
+$160K |
| 5 |
PH
Pinnacle Holdings
Tulsa,
Oklahoma
|
+$68.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HAM
HoldCo Asset Management
Fort Lauderdale,
Florida
|
-$1.26M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$520K |
| 3 |
Russell Investments Group
London,
United Kingdom
|
-$300K |
| 4 |
FUBT
First United Bank & Trust
Oakland,
Maryland
|
-$275K |
| 5 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$252K |
FUNC Hedge Fund Activity: Q1 2023 in Review
36 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q1 2023, worth a combined $34.9M — up 0.71% from $34.6M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FUNC and 4 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 8 added.
The largest buyer was Huber Capital Management, adding an estimated $1.34M. The largest seller was HoldCo Asset Management, cutting an estimated $1.26M.
- 36 institutional investors held First United (FUNC) as of Q1 2023, down from 37 in Q4 2022.
- Funds reported $34.9M of First United stock for Q1 2023, up 0.71% quarter-over-quarter.
- 4 funds opened new First United positions in Q1 2023 and 5 closed out, a net change of -1 holder.
- The largest First United buyer in Q1 2023 was Huber Capital Management, an estimated $1.34M added.
- The largest First United seller in Q1 2023 was HoldCo Asset Management, an estimated $1.26M sold.
Based on aggregated 13F filings for Q1 2023.