First United
FUNC
35 hedge funds and large institutions have $34.3M invested in First United in 2023 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 12 reducing their positions, and 3 closing their positions.
14% more capital invested
Capital invested by funds: $30.2M → $34.3M (+$4.09M)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
0.13% less ownership
Funds ownership: 31.65% → 31.51% (-0.13%)
3% less funds holding
Funds holding: 36 → 35 (-1)
42% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$1.52M |
| 2 |
GJL
Gendell Jeffrey L
|
+$185K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$124K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$103K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$33K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$749K |
| 2 |
EC
EJF Capital
Arlington,
Virginia
|
-$316K |
| 3 |
Millennium Management
New York
|
-$283K |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$277K |
| 5 |
Renaissance Technologies
New York
|
-$87.8K |
FUNC Hedge Fund Activity: Q3 2023 in Review
35 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q3 2023, worth a combined $34.3M — up 14% from $30.2M a quarter earlier.
Fund positioning in FUNC was balanced in Q3 2023: 3 funds opened new positions, 3 closed out, 7 added to existing stakes and 12 trimmed.
The largest buyer was Fourthstone LLC, opening a new position worth an estimated $1.52M. The largest seller was Basswood Capital Management, cutting an estimated $749K.
- 35 institutional investors held First United (FUNC) as of Q3 2023, down from 36 in Q2 2023.
- Funds reported $34.3M of First United stock for Q3 2023, up 14% quarter-over-quarter.
- 3 funds opened new First United positions in Q3 2023 and 3 closed out, a net change of 0 holders.
- The largest First United buyer in Q3 2023 was Fourthstone LLC, an estimated $1.52M added.
- The largest First United seller in Q3 2023 was Basswood Capital Management, an estimated $749K sold.
Based on aggregated 13F filings for Q3 2023.