Brown Brothers Harriman & Co. Trims Position in First Citizens BancShares

Institutional investor reduces stake in North Carolina-based bank holding company

Mar. 14, 2026 at 7:35am

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Brown Brothers Harriman & Co., a prominent investment management firm, has reduced its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 8.5% during the third quarter, according to a recent SEC filing. The firm now owns approximately 10,620 shares of the bank's stock, valued at around $19 million.

Why it matters

This move by a major institutional investor provides insight into the market's sentiment towards First Citizens BancShares, a diversified financial services company with a strong presence in North Carolina. The stock's performance and institutional ownership are closely watched by analysts and investors.

The details

According to the 13F filing, Brown Brothers Harriman & Co. sold 985 shares of First Citizens BancShares during the third quarter, reducing its total stake to 10,620 shares. The firm now owns approximately 0.08% of the bank's outstanding shares. First Citizens BancShares is a full-service commercial bank headquartered in Raleigh, North Carolina, offering a range of banking products and services to retail, commercial, and institutional clients.

  • The filing covers the third quarter of 2026.

The players

Brown Brothers Harriman & Co.

A prominent investment management firm that has reduced its position in First Citizens BancShares.

First Citizens BancShares, Inc.

A diversified financial services company and bank holding company headquartered in Raleigh, North Carolina.

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The takeaway

This reduction in Brown Brothers Harriman & Co.'s stake in First Citizens BancShares suggests a potential shift in the institutional investor's outlook on the bank's performance or growth prospects. However, the overall market sentiment towards the company remains positive, with a Moderate Buy rating from analysts.