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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.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

2% more funds holding

Funds holding: 86 → 88 (+2)

0.63% less ownership

Funds ownership: 47.64% → 47.01% (-0.63%)

3% less capital invested

Capital invested by funds: $116M → $112M (-$3.81M)

26% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 35

Holders
88
Holders Change
+2
Holders Change %
+2.33%
% of All Funds
1.08%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
26
Reduced
35
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MAM
Martingale Asset Management
Massachusetts
+$840K
2
Goldman Sachs
Goldman Sachs
New York
+$615K
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$487K
4
Morgan Stanley
Morgan Stanley
New York
+$359K
5
Millennium Management
Millennium Management
New York
+$350K

Top Sellers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
-$1.4M
2
Marshall Wace
Marshall Wace
United Kingdom
-$573K
3
Jane Street
Jane Street
New York
-$501K
4
Citadel Advisors
Citadel Advisors
Florida
-$357K
5
N
Nuveen
North Carolina
-$277K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$14.3M +$145K +3,894 +1%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$13.2M -$59K -1,587 -0.4%
VCM
3
Vanguard Capital Management
Pennsylvania
$9.85M +$10M +268,957 New
GJL
4
Gendell Jeffrey L
$6.53M – – –
DLP
5
De Lisle Partners
United Kingdom
$6.03M +$334K +9,000 +6%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$5.12M +$15.4K +415 +0.3%
HCM
7
Huber Capital Management
California
$4.39M – – –
American Century Companies
8
American Century Companies
Missouri
$4.15M +$120K +3,232 +3%
Renaissance Technologies
9
Renaissance Technologies
New York
$3.8M -$178K -4,800 -4%
Arrowstreet Capital
10
Arrowstreet Capital
Massachusetts
$3.68M -$20.3K -547 -0.5%
Acadian Asset Management
11
Acadian Asset Management
Massachusetts
$3.47M +$36.9K +994 +1%
State Street
12
State Street
Massachusetts
$3.2M +$73.6K +1,980 +2%
BCM
13
Bridgeway Capital Management
Texas
$2.78M +$83.4K +2,243 +3%
Goldman Sachs
14
Goldman Sachs
New York
$2.35M +$615K +16,540 +35%
Northern Trust
15
Northern Trust
Illinois
$2.18M +$81.2K +2,185 +4%
PH
16
Pinnacle Holdings
Oklahoma
$2.16M – – –
Morgan Stanley
17
Morgan Stanley
New York
$1.97M +$359K +9,665 +22%
EF
18
Empowered Funds
Pennsylvania
$1.4M +$83.4K +2,243 +6%
VFT
19
Vanguard Fiduciary Trust
Pennsylvania
$1.39M +$1.41M +37,945 New
DSC
20
Daytona Street Capital
Missouri
$1.39M – – –
Two Sigma Investments
21
Two Sigma Investments
New York
$1.38M -$37.7K -1,014 -3%
VPM
22
Vanguard Portfolio Management
Pennsylvania
$1.27M +$1.29M +34,765 New
Qube Research & Technologies (QRT)
23
Qube Research & Technologies (QRT)
United Kingdom
$1.05M +$487K +13,095 +83%
Marshall Wace
24
Marshall Wace
United Kingdom
$1.05M -$573K -15,427 -35%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$879K -$117K -3,145 -12%
1
2 3 4

FUNC Hedge Fund Activity: Q1 2026 in Review

88 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in First United (FUNC) for Q1 2026, worth a combined $112M — down 3.3% 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 3.3% 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.