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First United
FUNC

41 hedge funds and large institutions have $50.3M invested in First United in 2024 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 13

0.39% more ownership

Funds ownership: 36.63% → 37.02% (+0.39%)

10% less capital invested

Capital invested by funds: $56.1M → $50.3M (-$5.89M)

13% less funds holding

Funds holding: 47 → 41 (-6)

67% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 9

Holders
41
Holders Change
-6
Holders Change %
-12.77%
% of All Funds
0.59%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
16
Reduced
13
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
+$2.56M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$600K
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$558K
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$525K
5
Renaissance Technologies
Renaissance Technologies
New York
+$220K

Top Sellers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.5M
2
Millennium Management
Millennium Management
New York
-$719K
3
Jane Street
Jane Street
New York
-$630K
4
PCC
Park Circle Company
Maryland
-$525K
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$361K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$7.6M +$525K +24,457 +7%
FL
2
Fourthstone LLC
Missouri
$6.93M +$2.56M +119,176 +54%
Vanguard Group
3
Vanguard Group
Pennsylvania
$6.3M – – –
GJL
4
Gendell Jeffrey L
$3.64M – – –
BCM
5
Basswood Capital Management
New York
$3.18M -$13.1K -613 -0.4%
HCM
6
Huber Capital Management
California
$2.54M +$107K +5,000 +4%
DLP
7
De Lisle Partners
United Kingdom
$2.25M – – –
Arrowstreet Capital
8
Arrowstreet Capital
Massachusetts
$1.78M +$558K +26,003 +42%
Renaissance Technologies
9
Renaissance Technologies
New York
$1.68M +$220K +10,280 +14%
BlackRock
10
BlackRock
New York
$1.59M +$23.8K +1,112 +1%
BCM
11
Bridgeway Capital Management
Texas
$1.56M +$137K +6,371 +9%
Acadian Asset Management
12
Acadian Asset Management
Massachusetts
$1.36M +$600K +27,973 +72%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$1.3M +$95.4K +4,448 +7%
PH
14
Pinnacle Holdings
Oklahoma
$1.21M -$1.29K -60 -0.1%
American Century Companies
15
American Century Companies
Missouri
$816K +$99.6K +4,645 +13%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$748K – – –
EC
17
EJF Capital
Virginia
$735K +$21.1K +985 +3%
Northern Trust
18
Northern Trust
Illinois
$646K -$3.24K -151 -0.5%
EF
19
Empowered Funds
Pennsylvania
$460K +$137K +6,371 +39%
State Street
20
State Street
Massachusetts
$433K +$10.7K +500 +2%
HAM
21
HoldCo Asset Management
Florida
$425K – – –
Goldman Sachs
22
Goldman Sachs
New York
$370K -$88.3K -4,119 -19%
OSAM
23
O'Shaughnessy Asset Management
Connecticut
$353K -$118K -5,500 -24%
Morgan Stanley
24
Morgan Stanley
New York
$327K -$97.9K -4,565 -22%
LSV Asset Management
25
LSV Asset Management
Illinois
$325K – – –
1
2

FUNC Hedge Fund Activity: Q2 2024 in Review

41 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q2 2024, worth a combined $50.3M — down 10% from $56.1M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of FUNC and 3 opened new positions — a net loss of 6 holders — while 13 trimmed existing stakes and 16 added.

The largest buyer was Fourthstone LLC, adding an estimated $2.56M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $1.5M sold.

  • 41 institutional investors held First United (FUNC) as of Q2 2024, down from 47 in Q1 2024.
  • Funds reported $50.3M of First United stock for Q2 2024, down 10% quarter-over-quarter.
  • 3 funds opened new First United positions in Q2 2024 and 9 closed out, a net change of -6 holders.
  • The largest First United buyer in Q2 2024 was Fourthstone LLC, an estimated $2.56M added.
  • The largest First United seller in Q2 2024 was Susquehanna International Group, an estimated $1.5M sold.

Based on aggregated 13F filings for Q2 2024.