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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

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

13% less capital invested

Capital invested by funds: $34.9M → $30.2M (-$4.68M)

Holders
36
Holders Change
–
Holders Change %
0%
% of All Funds
0.57%
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
EF
Empowered Funds
Pennsylvania
+$185K
5
HCM
Huber Capital Management
California
+$142K

Top Sellers

Rank Fund Capital Flow
1
EC
EJF Capital
Virginia
-$680K
2
RA
Royce & Associates
New York
-$410K
3
BCM
Basswood Capital Management
New York
-$203K
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$183K
5
Renaissance Technologies
Renaissance Technologies
New York
-$114K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$4.62M -$183K -12,383 -4%
Vanguard Group
2
Vanguard Group
Pennsylvania
$4.25M -$17.1K -1,160 -0.4%
EC
3
EJF Capital
Virginia
$3.48M -$680K -45,999 -16%
BCM
4
Basswood Capital Management
New York
$3.29M -$203K -13,739 -6%
GJL
5
Gendell Jeffrey L
$2.13M – – –
HCM
6
Huber Capital Management
California
$1.76M +$142K +9,614 +8%
RIP
7
Rhino Investment Partners
Pennsylvania
$1.61M +$1.05M +70,997 +171%
BlackRock
8
BlackRock
New York
$1.58M +$439K +29,704 +37%
BCM
9
Bridgeway Capital Management
Texas
$943K -$39.6K -2,683 -4%
PH
10
Pinnacle Holdings
Oklahoma
$921K – – –
Renaissance Technologies
11
Renaissance Technologies
New York
$879K -$114K -7,746 -11%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$712K +$16.7K +1,132 +2%
American Century Companies
13
American Century Companies
Missouri
$503K – – –
Northern Trust
14
Northern Trust
Illinois
$458K -$2.44K -165 -0.5%
HAM
15
HoldCo Asset Management
Florida
$297K – – –
State Street
16
State Street
Massachusetts
$290K – – –
Goldman Sachs
17
Goldman Sachs
New York
$287K +$798 +54 +0.3%
Millennium Management
18
Millennium Management
New York
$283K +$65.7K +4,447 +29%
Bank of Montreal
19
Bank of Montreal
Ontario, Canada
$277K +$257K +17,423 New
Morgan Stanley
20
Morgan Stanley
New York
$239K -$7.71K -522 -3%
LSV Asset Management
21
LSV Asset Management
Illinois
$227K – – –
Bank of New York Mellon
22
Bank of New York Mellon
New York
$187K +$15 +1 +0%
EST
23
EA Series Trust
Pennsylvania
$178K +$185K +12,494 New
EF
24
Empowered Funds
Pennsylvania
$178K +$185K +12,494 New
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$175K +$2.07K +140 +1%
1
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FUNC Hedge Fund Activity: Q2 2023 in Review

36 of the 6,369 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.