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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 3 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

1% more capital invested

Capital invested by funds: $34.7M → $34.9M (+$240K)

0.45% less ownership

Funds ownership: 31.47% → 31.03% (-0.45%)

5% less funds holding

Funds holding: 38 → 36 (-2)

25% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 12

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
36
Holders Change
-2
Holders Change %
-5.26%
% of All Funds
0.57%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
3
Increased
9
Reduced
12
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
HCM
Huber Capital Management
California
+$1.34M
2
EC
EJF Capital
Virginia
+$498K
3
Millennium Management
Millennium Management
New York
+$291K
4
RA
Royce & Associates
New York
+$160K
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$75.5K

Top Sellers

1
HAM
HoldCo Asset Management
Florida
-$1.26M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$520K
3
Russell Investments Group
Russell Investments Group
United Kingdom
-$300K
4
FUBT
First United Bank & Trust
Maryland
-$275K
5
JMPWA
JP Morgan Private Wealth Advisors
California
-$252K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$5.68M +$75.5K +3,992 +1%
Vanguard Group
2
Vanguard Group
Pennsylvania
$5.04M -$11K -580 -0.2%
EC
3
EJF Capital
Virginia
$4.9M +$498K +26,298 +10%
BCM
4
Basswood Capital Management
New York
$4.12M – – –
GJL
5
Gendell Jeffrey L
$2.52M +$5.73K +303 +0.2%
HCM
6
Huber Capital Management
California
$1.92M +$1.34M +70,723 +164%
BlackRock
7
BlackRock
New York
$1.37M -$5.45K -288 -0.4%
Renaissance Technologies
8
Renaissance Technologies
New York
$1.17M -$139K -7,330 -10%
BCM
9
Bridgeway Capital Management
Texas
$1.16M -$12.6K -665 -1%
PH
10
Pinnacle Holdings
Oklahoma
$1.09M +$68.1K +3,600 +6%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$823K – – –
RIP
12
Rhino Investment Partners
Pennsylvania
$701K – – –
American Century Companies
13
American Century Companies
Missouri
$602K +$4.09K +216 +0.6%
Northern Trust
14
Northern Trust
Illinois
$545K -$10.6K -562 -2%
RA
15
Royce & Associates
New York
$410K +$160K +8,436 +53%
HAM
16
HoldCo Asset Management
Florida
$351K -$1.26M -66,457 -76%
State Street
17
State Street
Massachusetts
$343K – – –
Goldman Sachs
18
Goldman Sachs
New York
$338K -$1.68K -89 -0.4%
Morgan Stanley
19
Morgan Stanley
New York
$292K -$643 -34 -0.2%
LSV Asset Management
20
LSV Asset Management
Illinois
$268K – – –
Millennium Management
21
Millennium Management
New York
$259K +$291K +15,388 New
Bank of New York Mellon
22
Bank of New York Mellon
New York
$221K – – –
Royal Bank of Canada
23
Royal Bank of Canada
Ontario, Canada
$204K +$19 +1 +0%
Acadian Asset Management
24
Acadian Asset Management
Massachusetts
$193K +$14.8K +781 +7%
Osaic Holdings
25
Osaic Holdings
Arizona
$118K – – –
1
2

FUNC Hedge Fund Activity: Q1 2023 in Review

36 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q1 2023, worth a combined $34.9M — up 0.69% from $34.7M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of FUNC and 3 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 9 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 38 in Q4 2022.
  • Funds reported $34.9M of First United stock for Q1 2023, up 0.69% quarter-over-quarter.
  • 3 funds opened new First United positions in Q1 2023 and 5 closed out, a net change of -2 holders.
  • 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.