FNB ranks #1117 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
FNB is a top-conviction position for Rhino Investment Partners, Inc — at 7.8% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in FNB belongs to BlackRock, Inc., but the position matters far more to Rhino Investment Partners, Inc, who has 7.8% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
California State Teachers Retirement System has added to its FNB position for two straight quarters, increasing it by $407.7M to reach $413.5M today.
Squarepoint Ops LLC has trimmed its FNB position for two straight quarters, cutting it by $49.7M while still holding $3.1M.
FNB is down 0.4% today, but institutions show net buying of $685.6M this quarter — a divergence between today's price move and the underlying institutional flow.