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First United
FUNC

47 hedge funds and large institutions have $56.1M invested in First United in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 5

82% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 11

12% more funds holding

Funds holding: 42 → 47 (+5)

7% more capital invested

Capital invested by funds: $52.3M → $56.1M (+$3.8M)

3.34% more ownership

Funds ownership: 33.28% → 36.63% (+3.3%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
47
Holders Change
+5
Holders Change %
+11.9%
% of All Funds
0.68%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
20
Reduced
11
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
+$1.42M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.14M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$1.08M
4
Millennium Management
Millennium Management
New York
+$1.04M
5
Jane Street
Jane Street
New York
+$977K

Top Sellers

Rank Fund Capital Flow
1
EC
EJF Capital
Virginia
-$4.08M
2
RIP
Rhino Investment Partners
Pennsylvania
-$2.65M
3
Morgan Stanley
Morgan Stanley
New York
-$325K
4
ECM
ExodusPoint Capital Management
New York
-$263K
5
Osaic Holdings
Osaic Holdings
Arizona
-$180K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$7.97M +$269K +12,041 +4%
Vanguard Group
2
Vanguard Group
Pennsylvania
$7.07M +$241K +10,800 +4%
FL
3
Fourthstone LLC
Missouri
$5.04M +$1.42M +63,679 +41%
GJL
4
Gendell Jeffrey L
$4.09M +$238K +10,648 +6%
BCM
5
Basswood Capital Management
New York
$3.58M – – –
HCM
6
Huber Capital Management
California
$2.74M -$73.7K -3,300 -3%
DLP
7
De Lisle Partners
United Kingdom
$2.55M +$2.47M +110,838 New
BlackRock
8
BlackRock
New York
$1.75M -$175K -7,823 -9%
Renaissance Technologies
9
Renaissance Technologies
New York
$1.65M +$96.4K +4,320 +6%
BCM
10
Bridgeway Capital Management
Texas
$1.6M +$26.6K +1,192 +2%
Susquehanna International Group
11
Susquehanna International Group
Pennsylvania
$1.5M +$1.14M +50,986 +353%
Arrowstreet Capital
12
Arrowstreet Capital
Massachusetts
$1.4M +$1.08M +48,290 +372%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$1.36M +$113K +5,077 +9%
PH
14
Pinnacle Holdings
Oklahoma
$1.36M -$7.92K -355 -0.6%
Millennium Management
15
Millennium Management
New York
$1.06M +$1.04M +46,386 New
Jane Street
16
Jane Street
New York
$1M +$977K +43,787 New
Acadian Asset Management
17
Acadian Asset Management
Massachusetts
$886K +$639K +28,619 +283%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$839K +$547K +24,495 +202%
American Century Companies
19
American Century Companies
Missouri
$809K – – –
EC
20
EJF Capital
Virginia
$802K -$4.08M -182,733 -84%
Northern Trust
21
Northern Trust
Illinois
$728K -$536 -24 -0.1%
PCC
22
Park Circle Company
Maryland
$525K +$511K +22,900 New
OSAM
23
O'Shaughnessy Asset Management
Connecticut
$522K +$258K +11,576 +103%
Goldman Sachs
24
Goldman Sachs
New York
$509K -$2.12K -95 -0.4%
HAM
25
HoldCo Asset Management
Florida
$477K – – –
1
2 3

FUNC Hedge Fund Activity: Q1 2024 in Review

47 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q1 2024, worth a combined $56.1M — up 7.3% from $52.3M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new FUNC positions and 5 closed out — a net gain of 5 holders — while 20 added to existing stakes and 11 trimmed.

The largest buyer was Fourthstone LLC, adding an estimated $1.42M. The largest seller was EJF Capital, cutting an estimated $4.08M.

  • 47 institutional investors held First United (FUNC) as of Q1 2024, up from 42 in Q4 2023.
  • Funds reported $56.1M of First United stock for Q1 2024, up 7.3% quarter-over-quarter.
  • 10 funds opened new First United positions in Q1 2024 and 5 closed out, a net change of +5 holders.
  • The largest First United buyer in Q1 2024 was Fourthstone LLC, an estimated $1.42M added.
  • The largest First United seller in Q1 2024 was EJF Capital, an estimated $4.08M sold.

Based on aggregated 13F filings for Q1 2024.