First United Corp: which funds bought and sold

Institutions that bought and sold First United shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 45 institutions that filed 13F reports for both quarters added to or opened positions in First United, and 28 cut or closed them. Together they added a net 137K shares, +4.6% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 27K shares (+3.6%); index fund managers were net buyers of 90K shares (+8.7%). 9 opened a new position and 6 sold out entirely.

Bought, Q2 2026 45 institutions, 9 of them new holders Sold, Q2 2026 28 institutions, 6 of them sold out

Net change, all compared +137K shares (+4.6%)

Net change, active managers +27K shares (+3.6%), 12 bought, 7 sold

Buyers versus sellers

institutions compared, 94

45 bought 21 28 sold

Active managers and hedge funds 12 bought · 7 sold · +27K

Index fund managers 8 bought · 1 sold · +90K

Other institutions 25 bought · 20 sold · +19K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Blackrock, Inc. Index funds	+65K +16.7%	456K	$20.1M
Acadian Asset Management LLC Active manager	+12K +12.8%	107K	$4.7M
Geode Capital Management, LLC Index funds	+12K +8.7%	152K	$6.7M
Two Sigma Investments, LP Hedge fund	+10K +26.7%	48K	$2.1M
AQR Capital Management LLC Hedge fund	+7,676 New position	7,676	$338,572
Renaissance Technologies LLC Hedge fund	+7,600 +7.3%	111K	$4.9M
Nuveen, LLC	+6,083 +103.1%	12K	$528,659
Vanguard Portfolio Management LLC Index funds	+6,020 +17.3%	41K	$1.8M
Lazard Asset Management LLC Active manager	+5,595 New position	5,595	$246,795
Canada Pension Plan Investment Board	+5,400 New position	5,400	$238,194
Logan Capital Management Inc	+4,951 New position	4,951	$218,389
Trail Ridge Investment Advisors, LLC	+4,948 New position	4,948	$218,256
Northern Trust Corp Index funds	+4,946 +8.3%	64K	$2.8M
Seacrest Wealth Management, LLC	+4,732 New position	4,732	$208,729
Russell Investments Group, Ltd.	+2,871 +407.8%	3,575	$157,693
Wells Fargo & Company	+2,823 +124.0%	5,100	$224,959
Citigroup Inc	+2,530 +903.6%	2,810	$123,949
Charles Schwab Investment Management Inc Index funds	+1,728 +10.9%	18K	$778,586
Vanguard Fiduciary Trust Co Index funds	+1,693 +4.5%	40K	$1.7M
Bank Of New York Mellon Corp	+1,587 +6.6%	26K	$1.1M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Acadian Asset Management LLC Active manager	+12K +12.8%	107K	$4.7M
Two Sigma Investments, LP Hedge fund	+10K +26.7%	48K	$2.1M
AQR Capital Management LLC Hedge fund	+7,676 New position	7,676	$338,572
Renaissance Technologies LLC Hedge fund	+7,600 +7.3%	111K	$4.9M
Lazard Asset Management LLC Active manager	+5,595 New position	5,595	$246,795
LSV Asset Management Active manager	+1,294 +5.7%	24K	$1.1M
Arrowstreet Capital, Limited Partnership Hedge fund	+1,195 +1.2%	102K	$4.5M
Price T Rowe Associates Inc Active manager	+947 +8.9%	12K	$513,000
Marshall Wace, LLP Hedge fund	+622 +2.2%	29K	$1.3M
American Century Companies Inc Active manager	+191 +0.2%	114K	$5M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Angel Oak Capital Advisors, LLC	−6,700 −28.3%	17K	$749,870
Corient Private Wealth LP	−5,479 Sold out	0	—
Qube Research & Technologies Ltd Hedge fund	−5,442 −18.9%	23K	$1M
Los Angeles Capital Management LLC Active manager	−4,506 −23.4%	15K	$651,549
Squarepoint Ops LLC Hedge fund	−3,345 −23.2%	11K	$489,621
Citadel Advisors LLC Hedge fund	−3,221 −13.9%	20K	$879,024
Millennium Management LLC Hedge fund	−2,467 −26.2%	6,951	$306,609
Royal Bank Of Canada	−2,032 −13.4%	13K	$580,000
State Street Corp Index funds	−1,916 −2.2%	85K	$3.8M
Bank Of America Corp	−1,726 −27.4%	4,562	$201,230
Goldman Sachs Group Inc	−1,375 −2.1%	63K	$2.8M
Ritholtz Wealth Management	−1,094 −15.8%	5,813	$256,407
Tower Research Capital LLC (TRC)	−914 −54.7%	758	$33,435
O'Shaughnessy Asset Management, LLC Active manager	−714 −8.4%	7,781	$343,220
Morgan Stanley	−696 −1.3%	53K	$2.3M
Barclays PLC	−631 −5.8%	10K	$448,951
UBS Group AG	−464 −18.8%	1,999	$88,176
Trexquant Investment LP Hedge fund	−458 −3.7%	12K	$531,878
State Of Wyoming	−299 Sold out	0	—
California State Teachers Retirement System	−242 −74.2%	84	$3,705

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Qube Research & Technologies Ltd Hedge fund	−5,442 −18.9%	23K	$1M
Los Angeles Capital Management LLC Active manager	−4,506 −23.4%	15K	$651,549
Squarepoint Ops LLC Hedge fund	−3,345 −23.2%	11K	$489,621
Citadel Advisors LLC Hedge fund	−3,221 −13.9%	20K	$879,024
Millennium Management LLC Hedge fund	−2,467 −26.2%	6,951	$306,609
O'Shaughnessy Asset Management, LLC Active manager	−714 −8.4%	7,781	$343,220
Trexquant Investment LP Hedge fund	−458 −3.7%	12K	$531,878

New positions

largest by value

Institution	Shares	Value June 30, 2026
AQR Capital Management LLCHedge fund	7,676	$338,572
Lazard Asset Management LLCActive manager	5,595	$246,795
Canada Pension Plan Investment Board	5,400	$238,194
Logan Capital Management Inc	4,951	$218,389
Trail Ridge Investment Advisors, LLC	4,948	$218,256
Seacrest Wealth Management, LLC	4,732	$208,729
Integrated Wealth Concepts LLC	49	$2,159
Quarry LP	34	$1,500
Arax Advisory Partners	33	$1,456

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Corient Private Wealth LP	5,479	$200,751
State Of Wyoming	299	$10,955
Newedge Advisors, LLC	67	$2,443
Evergreen Advisors, LLC	23	$843
Mai Capital Management	3	$110
Root Financial Partners, LLC	3	$110

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 88
Ten largest holders: 64.9%
Index fund managers: 36.1%
Active managers and hedge funds: 24.7%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	12	7	2	0	+27K	+3.6%
Index fund managers	8	1	0	0	+90K	+8.7%
Other institutions	25	20	7	6	+19K	+1.6%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on First United.

Only managers that filed a holdings report for both quarters are compared (94 here). 1 other holder is left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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