First United
FUNC
88 hedge funds and large institutions have $112M invested in First United in 2026 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 26 increasing their positions, 35 reducing their positions, and 8 closing their positions.
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
2% more funds holding
Funds holding: 86 → 88 (+2)
0.55% less ownership
Funds ownership: 47.56% → 47.01% (-0.55%)
3% less capital invested
Capital invested by funds: $116M → $112M (-$3.6M)
26% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$840K |
| 2 |
Goldman Sachs
New York
|
+$615K |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$487K |
| 4 |
Morgan Stanley
New York
|
+$359K |
| 5 |
Millennium Management
New York
|
+$350K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
-$1.4M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$573K |
| 3 |
Jane Street
New York
|
-$501K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$357K |
| 5 |
Nuveen
Charlotte,
North Carolina
|
-$277K |
FUNC Hedge Fund Activity: Q1 2026 in Review
88 of the 8,191 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q1 2026, worth a combined $112M — down 3.1% from $116M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FUNC positions and 8 closed out — a net gain of 3 holders — while 26 added to existing stakes and 35 trimmed.
The largest buyer was Martingale Asset Management, opening a new position worth an estimated $840K. The largest seller was Fourthstone LLC, exiting entirely with an estimated $1.4M sold.
- 88 institutional investors held First United (FUNC) as of Q1 2026, up from 86 in Q4 2025.
- Funds reported $112M of First United stock for Q1 2026, down 3.1% quarter-over-quarter.
- 11 funds opened new First United positions in Q1 2026 and 8 closed out, a net change of +3 holders.
- The largest First United buyer in Q1 2026 was Martingale Asset Management, an estimated $840K added.
- The largest First United seller in Q1 2026 was Fourthstone LLC, an estimated $1.4M sold.
Based on aggregated 13F filings for Q1 2026.