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First United
FUNC

42 hedge funds and large institutions have $52.3M invested in First United in 2023 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 7 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

350% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 2

129% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 7

53% more capital invested

Capital invested by funds: $34.3M → $52.3M (+$18M)

20% more funds holding

Funds holding: 35 → 42 (+7)

1.77% more ownership

Funds ownership: 31.51% → 33.28% (+1.8%)

Holders
42
Holders Change
+7
Holders Change %
+20%
% of All Funds
0.61%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
9
Increased
16
Reduced
7
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
+$1.16M
2
Morgan Stanley
Morgan Stanley
New York
+$347K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$269K
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$242K
5
Renaissance Technologies
Renaissance Technologies
New York
+$212K

Top Sellers

Rank Fund Capital Flow
1
BCM
Basswood Capital Management
New York
-$529K
2
BlackRock
BlackRock
New York
-$433K
3
Osaic Holdings
Osaic Holdings
Arizona
-$142K
4
EC
EJF Capital
Virginia
-$133K
5
PH
Pinnacle Holdings
Oklahoma
-$88.9K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$7.9M +$97.4K +5,232 +2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$7M – – –
EC
3
EJF Capital
Virginia
$5.12M -$133K -7,139 -3%
GJL
4
Gendell Jeffrey L
$3.94M +$131K +7,064 +4%
FL
5
Fourthstone LLC
Missouri
$3.68M +$1.16M +62,523 +67%
BCM
6
Basswood Capital Management
New York
$3.67M -$529K -28,425 -15%
HCM
7
Huber Capital Management
California
$2.89M +$10.6K +568 +0.5%
RIP
8
Rhino Investment Partners
Pennsylvania
$2.65M – – –
BlackRock
9
BlackRock
New York
$1.98M -$433K -23,292 -22%
BCM
10
Bridgeway Capital Management
Texas
$1.61M +$25K +1,344 +2%
Renaissance Technologies
11
Renaissance Technologies
New York
$1.59M +$212K +11,400 +20%
PH
12
Pinnacle Holdings
Oklahoma
$1.4M -$88.9K -4,775 -7%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$1.28M +$44.8K +2,407 +5%
American Century Companies
14
American Century Companies
Missouri
$830K – – –
Morgan Stanley
15
Morgan Stanley
New York
$826K +$347K +18,626 +113%
Northern Trust
16
Northern Trust
Illinois
$748K +$5.12K +275 +0.9%
Goldman Sachs
17
Goldman Sachs
New York
$525K +$40.9K +2,195 +11%
HAM
18
HoldCo Asset Management
Florida
$489K – – –
State Street
19
State Street
Massachusetts
$480K +$1.86K +100 +0.5%
LSV Asset Management
20
LSV Asset Management
Illinois
$374K – – –
EF
21
Empowered Funds
Pennsylvania
$351K +$25K +1,344 +10%
Susquehanna International Group
22
Susquehanna International Group
Pennsylvania
$340K +$269K +14,462 New
Bank of New York Mellon
23
Bank of New York Mellon
New York
$308K – – –
Arrowstreet Capital
24
Arrowstreet Capital
Massachusetts
$305K +$242K +12,987 New
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$285K – – –
1
2

FUNC Hedge Fund Activity: Q4 2023 in Review

42 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q4 2023, worth a combined $52.3M — up 53% from $34.3M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new FUNC positions and 2 closed out — a net gain of 7 holders — while 16 added to existing stakes and 7 trimmed.

The largest buyer was Fourthstone LLC, adding an estimated $1.16M. The largest seller was Basswood Capital Management, cutting an estimated $529K.

  • 42 institutional investors held First United (FUNC) as of Q4 2023, up from 35 in Q3 2023.
  • Funds reported $52.3M of First United stock for Q4 2023, up 53% quarter-over-quarter.
  • 9 funds opened new First United positions in Q4 2023 and 2 closed out, a net change of +7 holders.
  • The largest First United buyer in Q4 2023 was Fourthstone LLC, an estimated $1.16M added.
  • The largest First United seller in Q4 2023 was Basswood Capital Management, an estimated $529K sold.

Based on aggregated 13F filings for Q4 2023.