First United

FUNC • NASDAQ

First United is a banks - regional company in the financial services sector on NASDAQ, led by Carissa L. Rodeheaver, with a market cap of $263.2M. As of Q3 2025, 47% of shares are held by 78 institutional investors, with DIMENSIONAL FUND ADVISORS LP as the largest holder at 5.65%.

Chairman and Chief Executive OfficerCarissa L. Rodeheaver

Market Cap$263.2M

Banks - Regional

Financial Services

Employees338.0

Websitemybank.com

Country

United States of America

Overview

Overview of institutional ownership in FUNC as of Q3 2025 with a market cap of $238.8M

All Institutions

Institutions: 78
Value Held: $111.1M
Shares Held: 3.0M
Avg Position: $1.4M
Median Position: $270.2K

Hedge Funds

Hedge Funds: 9
Value Held: $16.5M
Shares Held: 448.7K
Avg Position: $1.8M
Median Position: $765.0K

Ownership Breakdown

Institutional (non-HF)

39.61%

$94.6M

Hedge Funds

6.91%

$16.5M

Retail & Other

53.49%

$127.7M

Based on market cap of $238.8M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in FUNC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$13.5M 0.00% of portfolio	5.65% 366.9K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
B BlackRock, Inc. Institution	-	$12.8M 0.00% of portfolio	5.35% 347.2K shares	Q1 2017 Held for 8y 8m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$12.5M 0.00% of portfolio	5.25% 341.2K shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
G GENDELL JEFFREY L Institution	-	$6.6M 0.12% of portfolio	2.75% 178.4K shares	Q1 2016 Held for 9y 8m	$5.5B
D De Lisle Partners LLP Institution	-	$5.5M 0.68% of portfolio	2.32% 150.4K shares	Q1 2024 Held for 1y 8m	$815.6M
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$5.1M 0.00% of portfolio	2.15% 139.4K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
Fourthstone LLC Hedge Fund•Long/Short	Amy Morris Stone CEO	$5.0M 0.89% of portfolio	2.08% 135.4K shares	Q3 2023 Held for 2y 2m	$557.6M
Huber Capital Management LLC Long Only Manager	Joseph Robert Huber CEO	$4.4M 0.70% of portfolio	1.85% 119.9K shares	Q2 2022 Held for 3y 5m	$628.8M
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$4.3M 0.01% of portfolio	1.81% 117.6K shares	Q4 2016 Held for 8y 11m	$75.8B
A AMERICAN CENTURY COMPANIES INC Institution	-	$3.8M 0.00% of portfolio	1.58% 102.7K shares	Q2 2021 Held for 4y 5m	$195.93B

Net Capital Flow

Institutional buying and selling activity for FUNC in Q3 2025

Traded: +$976.2K
Buyers: 37
Sellers: 29
Total Bought: +$8.2M
Total Sold: −$7.2M
Avg Position: $1.3M

Biggest Buyers

Institution	Net Bought	Current Position
Fourthstone LLC Hedge Fund•Long/Short	+$1.5M +39.7K shares	$5.0M 135.4K shares
T TrueMark Investments, LLC Institution	+$1.3M +34.9K shares	$1.3M 34.9K shares
SummerHaven Investment Management, LLC Long Only Manager	+$925.9K +25.2K shares	$925.9K 25.2K shares
Marshall Wace LLP Institution	+$742.6K +20.2K shares	$742.6K 20.2K shares
B BlackRock, Inc. Institution	+$610.2K +16.6K shares	$12.8M 347.2K shares
GOLDMAN SACHS GROUP INC Institution	+$582.9K +15.9K shares	$1.8M 47.9K shares
STATE STREET CORP Institution	+$447.6K +12.2K shares	$2.9M 79.4K shares
A AMERICAN CENTURY COMPANIES INC Institution	+$414.6K +11.3K shares	$3.8M 102.7K shares
J JANE STREET GROUP, LLC Institution	+$413.5K +11.2K shares	$413.5K 11.2K shares
Q Qube Research & Technologies Ltd Institution	+$239.1K +6.5K shares	$239.1K 6.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
Hillsdale Investment Management Inc. Long Only Manager	−$1.6M −52.5K shares	Sold Off 0 shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$1.1M −30.8K shares	$209.9K 5.7K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$1.1M −29.0K shares	$284.1K 7.7K shares
MORGAN STANLEY RIA/Wealth	−$540.6K −14.7K shares	$1.5M 41.1K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$493.3K −13.4K shares	$248.3K 6.8K shares
C Corton Capital Inc. Institution	−$265.0K −8.5K shares	Sold Off 0 shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	−$234.0K −7.5K shares	Sold Off 0 shares
Angel Oak Capital Advisors, LLC Long Only Manager	−$220.6K −6.0K shares	$1.0M 27.7K shares
FMR LLC Institution	−$209.6K −5.7K shares	$28.7K 780.0 shares
R ROYAL BANK OF CANADA Institution	−$176.2K −4.8K shares	$556.8K 15.1K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited FUNC in Q3 2025

New Positions: 11
New Value: $2.4M
Exited Positions: 5
Exited Value: $2.2M

New Positions

Institution	Position Value
T TrueMark Investments, LLC Institution	$1.3M 34.9K shares
SummerHaven Investment Management, LLC Long Only Manager	$925.9K 25.2K shares
Sontag Advisory, LLC RIA/Wealth	$110.3K 3.0K shares
WHITTIER TRUST CO RIA/Wealth	$14.2K 392.0 shares
Goss Wealth Management LLC RIA/Wealth	$8.8K 239.0 shares
A AdvisorNet Financial, Inc Institution	$8.3K 225.0 shares
CWM, LLC RIA/Wealth	$7.5K 204.0 shares
C Covestor Ltd Institution	$1.0K 33.0 shares
SRS Capital Advisors, Inc. RIA/Wealth	$736.0 20.0 shares
Hanson McClain, Inc. RIA/Wealth	$184.0 5.0 shares

Exited Positions

Institution	Previous Position
Hillsdale Investment Management Inc. Long Only Manager	$1.6M 52.5K shares
C Corton Capital Inc. Institution	$265.0K 8.5K shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	$234.0K 7.5K shares
T TD Waterhouse Canada Inc. Institution	$30.5K 930.0 shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$19.9K 643.0 shares

Options Activity

Institutions with the largest Call and Put options positions in FUNC as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with FUNC as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Fourthstone LLC Hedge Fund•Long/Short	Amy Morris Stone CEO	0.89% $5.0M	2.08% 135.4K shares	Q3 2023 Held for 2y 2m	$557.6M
Pinnacle Holdings, LLC RIA/Wealth	David Monroe Poarch Managing Partner	0.88% $2.2M	0.91% 59.0K shares	Q3 2016 Held for 9y 2m	$246.2M
Angel Oak Capital Advisors, LLC Long Only Manager	Manmohan Singh CFO	0.80% $1.0M	0.43% 27.7K shares	Q4 2024 Held for 11 months	$127.6M
Huber Capital Management LLC Long Only Manager	Joseph Robert Huber CEO	0.70% $4.4M	1.85% 119.9K shares	Q2 2022 Held for 3y 5m	$628.8M
D De Lisle Partners LLP Institution	-	0.68% $5.5M	2.32% 150.4K shares	Q1 2024 Held for 1y 8m	$815.6M
SummerHaven Investment Management, LLC Long Only Manager	Kurt Jonathon Nelson CEO	0.54% $925.9K	0.39% 25.2K shares	Q3 2025 Held for 2 months	$170.9M
T TrueMark Investments, LLC Institution	Michael Norman Loukas CEO	0.22% $1.3M	0.54% 34.9K shares	Q3 2025 Held for 2 months	$574.7M
G GENDELL JEFFREY L Institution	-	0.12% $6.6M	2.75% 178.4K shares	Q1 2016 Held for 9y 8m	$5.5B
HoldCo Asset Management, L.P. Hedge Fund•Multi-Strategy	Vikaran "Nmn" Ghei Managing Partner	0.08% $765.0K	0.32% 20.8K shares	Q2 2025 Held for 5 months	$947.6M
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	John Noland Ryan Montgomery CEO	0.06% $2.6M	1.08% 70.2K shares	Q3 2014 Held for 11y 2m	$4.7B

Hedge Fund Spotlight

Discover hedge funds investing in FUNC

HoldCo Asset Management, L.P.

Hedge Fund • Multi-Strategy

Portfolio ManagerVikaran "Nmn" Ghei

Portfolio Value: $947.6M
Positions: 26
Last Reported: Q3 2025

Sector Allocation

Position in First United

Market Value: $765.0K
Shares Held: 20.8K
Portfolio Weight: 0.08%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Comerica CMA	Banks - Regional Financial Services	$156.9M	16.56%
2 Columbia Banking Systems COLB	Banks - Regional Financial Services	$147.3M	15.55%
3 First Interstate BancSystem, Inc. FIBK	Banks - Regional Financial Services	$125.9M	13.29%