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, 21 increasing their positions, 10 reducing their positions, and 5 closing their positions.
110% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 10
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
69% more capital inflows, than outflows
Capital inflows: $12.7M | Capital outflows: $7.52M
12% more funds holding
Funds holding: 42 → 47 (+5)
3.6% more ownership
Funds ownership: 33.02% → 36.63% (+3.6%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fourthstone LLC
St Louis,
Missouri
|
+$1.42M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.14M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.08M |
| 4 |
Millennium Management
New York
|
+$1.04M |
| 5 |
Jane Street
New York
|
+$977K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EJF Capital
Arlington,
Virginia
|
-$4.08M |
| 2 |
Rhino Investment Partners
West Conshohocken,
Pennsylvania
|
-$2.65M |
| 3 |
ExodusPoint Capital Management
New York
|
-$263K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$180K |
| 5 |
BlackRock
New York
|
-$175K |
FUNC Hedge Fund Activity: Q1 2024 in Review
47 of the 6,966 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q1 2024, worth a combined $56.1M — up 8.1% from $51.9M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FUNC positions and 5 closed out — a net gain of 5 holders — while 21 added to existing stakes and 10 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 8.1% 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.