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First United
FUNC

36 hedge funds and large institutions have $30.2M invested in First United in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more capital inflows, than outflows

Capital inflows: $2.36M | Capital outflows: $1.71M

20% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 10

0.62% more ownership

Funds ownership: 31.03% → 31.65% (+0.62%)

0% more funds holding

Funds holding: 36 → 36 (0)

0% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 3

Holders
36
Holders Change
–
Holders Change %
0%
% of All Funds
0.56%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
12
Reduced
10
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RIP
Rhino Investment Partners
Pennsylvania
+$1.05M
2
BlackRock
BlackRock
New York
+$439K
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$257K
4
Empowered Funds
Empowered Funds
Pennsylvania
+$185K
5
Huber Capital Management
Huber Capital Management
California
+$142K

Top Sellers

Rank Fund Capital Flow
1
EC
EJF Capital
Virginia
-$680K
2
Royce & Associates
Royce & Associates
New York
-$410K
3
Basswood Capital Management
Basswood Capital Management
New York
-$203K
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$183K
5
Renaissance Technologies
Renaissance Technologies
New York
-$114K

FUNC Hedge Fund Activity: Q2 2023 in Review

36 of the 6,388 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q2 2023, worth a combined $30.2M — down 13% from $34.9M a quarter earlier.

Fund positioning in FUNC was balanced in Q2 2023: 3 funds opened new positions, 3 closed out, 12 added to existing stakes and 10 trimmed.

The largest buyer was Rhino Investment Partners, adding an estimated $1.05M. The largest seller was EJF Capital, cutting an estimated $680K.

  • 36 institutional investors held First United (FUNC) as of Q2 2023, unchanged from Q1 2023.
  • Funds reported $30.2M of First United stock for Q2 2023, down 13% quarter-over-quarter.
  • 3 funds opened new First United positions in Q2 2023 and 3 closed out, a net change of 0 holders.
  • The largest First United buyer in Q2 2023 was Rhino Investment Partners, an estimated $1.05M added.
  • The largest First United seller in Q2 2023 was EJF Capital, an estimated $680K sold.

Based on aggregated 13F filings for Q2 2023.