FBNC ranks #2564 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
242 institutions disclose a position in FBNC, but none treat it as a major bet — even Founders Financial Alliance, LLC, its most concentrated holder, allocates just 1.0% of its own portfolio to it.
BlackRock has added to its FBNC position for two straight quarters, increasing it by $84.8M to reach $380.3M today.
Nuveen, LLC has trimmed its FBNC position for two straight quarters, cutting it by $4.8M while still holding $6.1M.
FBNC is down 0.5% today, but institutions show net buying of $256.5M this quarter — a divergence between today's price move and the underlying institutional flow.