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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$2.56M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$600K |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$558K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$525K |
| 5 |
Renaissance Technologies
New York
|
+$220K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.5M |
| 2 |
Millennium Management
New York
|
-$719K |
| 3 |
Jane Street
New York
|
-$630K |
| 4 |
PCC
Park Circle Company
Baltimore,
Maryland
|
-$525K |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$361K |
FUNC Hedge Fund Activity: Q2 2024 in Review
41 of the 6,935 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.