Magnetar Financial Buys Stake in First Citizens BancShares

Hedge fund adds 1,489 shares of North Carolina-based bank holding company

Mar. 13, 2026 at 10:05am

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Magnetar Financial LLC, a hedge fund, purchased a new stake of 1,489 shares in First Citizens BancShares, Inc. (NASDAQ:FCNCA) during the third quarter of 2026, according to a recent SEC filing. The shares were valued at approximately $2.66 million.

Why it matters

First Citizens BancShares is a major regional bank holding company based in Raleigh, North Carolina, with a diversified suite of banking products and services. The purchase by Magnetar Financial, a prominent hedge fund, suggests institutional investor interest in the bank's stock and potential growth opportunities.

The details

According to the 13F filing, Magnetar Financial acquired 1,489 shares of First Citizens BancShares in the third quarter. This represents a new stake in the bank's stock for the hedge fund. First Citizens BancShares is a full-service commercial bank that offers consumer and business banking, lending, treasury management, and other financial services across the Southeast.

  • Magnetar Financial purchased the 1,489 shares of First Citizens BancShares in the third quarter of 2026.

The players

Magnetar Financial LLC

A hedge fund that purchased a new stake of 1,489 shares in First Citizens BancShares, Inc.

First Citizens BancShares, Inc.

A bank holding company and the parent of First Citizens Bank, a full-service commercial bank headquartered in Raleigh, North Carolina.

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The takeaway

The purchase of First Citizens BancShares shares by Magnetar Financial, a prominent hedge fund, suggests institutional investor confidence in the bank's growth potential and future performance.