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First United
FUNC

78 hedge funds and large institutions have $111M invested in First United in 2025 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 19 increasing their positions, 25 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

260% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 5

20% more funds holding

Funds holding: 65 → 78 (+13)

19% more capital invested

Capital invested by funds: $93.3M → $111M (+$17.8M)

0.1% more ownership

Funds ownership: 46.42% → 46.52% (+0.1%)

24% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 25

Holders
78
Holders Change
+13
Holders Change %
+20%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
19
Reduced
25
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
+$1.4M
2
TI
TrueMark Investments
Illinois
+$1.23M
3
SIM
SummerHaven Investment Management
Connecticut
+$887K
4
Marshall Wace
Marshall Wace
United Kingdom
+$711K
5
BlackRock
BlackRock
New York
+$584K

Top Sellers

Rank Fund Capital Flow
1
HIM
Hillsdale Investment Management
Ontario, Canada
-$1.63M
2
Citadel Advisors
Citadel Advisors
Florida
-$1.08M
3
Millennium Management
Millennium Management
New York
-$1.02M
4
Morgan Stanley
Morgan Stanley
New York
-$518K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$472K
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$13.5M -$142K -4,039 -1%
BlackRock
2
BlackRock
New York
$12.8M +$584K +16,596 +5%
Vanguard Group
3
Vanguard Group
Pennsylvania
$12.5M -$122K -3,464 -1%
GJL
4
Gendell Jeffrey L
$6.56M – – –
DLP
5
De Lisle Partners
United Kingdom
$5.52M – – –
Geode Capital Management
6
Geode Capital Management
Massachusetts
$5.13M -$18.7K -531 -0.4%
FL
7
Fourthstone LLC
Missouri
$4.98M +$1.4M +39,749 +42%
HCM
8
Huber Capital Management
California
$4.41M – – –
Renaissance Technologies
9
Renaissance Technologies
New York
$4.32M -$158K -4,500 -4%
American Century Companies
10
American Century Companies
Missouri
$3.78M +$397K +11,275 +12%
Arrowstreet Capital
11
Arrowstreet Capital
Massachusetts
$3.72M +$42K +1,194 +1%
Acadian Asset Management
12
Acadian Asset Management
Massachusetts
$3.41M +$32.5K +924 +1%
State Street
13
State Street
Massachusetts
$2.92M +$429K +12,174 +18%
BCM
14
Bridgeway Capital Management
Texas
$2.58M -$4.72K -134 -0.2%
Northern Trust
15
Northern Trust
Illinois
$2.22M -$148K -4,197 -6%
PH
16
Pinnacle Holdings
Oklahoma
$2.17M – – –
Goldman Sachs
17
Goldman Sachs
New York
$1.76M +$558K +15,852 +50%
Morgan Stanley
18
Morgan Stanley
New York
$1.51M -$518K -14,703 -26%
TI
19
TrueMark Investments
Illinois
$1.28M +$1.23M +34,857 New
EF
20
Empowered Funds
Pennsylvania
$1.2M +$126K +3,566 +12%
Two Sigma Investments
21
Two Sigma Investments
New York
$1.18M -$115K -3,270 -9%
Bank of New York Mellon
22
Bank of New York Mellon
New York
$1.13M +$53.9K +1,532 +5%
AOCA
23
Angel Oak Capital Advisors
Georgia
$1.02M -$211K -6,000 -18%
SIM
24
SummerHaven Investment Management
Connecticut
$926K +$887K +25,180 New
HAM
25
HoldCo Asset Management
Florida
$765K – – –
1
2 3 4

FUNC Hedge Fund Activity: Q3 2025 in Review

78 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q3 2025, worth a combined $111M — up 19% from $93.3M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new FUNC positions and 5 closed out — a net gain of 13 holders — while 19 added to existing stakes and 25 trimmed.

The largest buyer was Fourthstone LLC, adding an estimated $1.4M. The largest seller was Hillsdale Investment Management, exiting entirely with an estimated $1.63M sold.

  • 78 institutional investors held First United (FUNC) as of Q3 2025, up from 65 in Q2 2025.
  • Funds reported $111M of First United stock for Q3 2025, up 19% quarter-over-quarter.
  • 18 funds opened new First United positions in Q3 2025 and 5 closed out, a net change of +13 holders.
  • The largest First United buyer in Q3 2025 was Fourthstone LLC, an estimated $1.4M added.
  • The largest First United seller in Q3 2025 was Hillsdale Investment Management, an estimated $1.63M sold.

Based on aggregated 13F filings for Q3 2025.