Siena Capital Partners Trims First Citizens BancShares Stake

Hedge fund reduces position in North Carolina-based bank holding company

Mar. 3, 2026 at 12:23am

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Siena Capital Partners GP LLC, a hedge fund, trimmed its holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 21.8% in the third quarter, according to a recent SEC filing. The firm now owns 5,459 shares of the bank's stock, down from 6,984 shares previously.

Why it matters

First Citizens BancShares is a major regional bank holding company based in Raleigh, North Carolina, with a significant presence across the Southeast. Changes in institutional ownership of the company's stock can signal shifts in investor sentiment and the bank's overall performance.

The details

According to the filing, Siena Capital Partners sold 1,525 shares of First Citizens BancShares during the third quarter, reducing its total position to 5,459 shares. The hedge fund's holdings in the bank now make up about 2.8% of its portfolio, making it the fifth-largest holding. First Citizens BancShares has a market capitalization of $23.61 billion.

  • Siena Capital Partners trimmed its First Citizens BancShares stake in the third quarter of 2026.

The players

Siena Capital Partners GP LLC

A hedge fund that has reduced its position in First Citizens BancShares.

First Citizens BancShares, Inc.

A North Carolina-based bank holding company with a significant regional presence.

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The takeaway

The reduction in Siena Capital Partners' stake in First Citizens BancShares could signal a shift in investor sentiment towards the regional bank, though the overall reasons behind the hedge fund's decision are not entirely clear from the available information.