Aquatic Capital Management Buys 4,017 Shares in First Citizens BancShares

The investment firm added to its position in the North Carolina-based bank holding company.

Mar. 16, 2026 at 7:23am

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Aquatic Capital Management LLC acquired a new position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) in the 3rd quarter, according to a disclosure with the Securities & Exchange Commission. The fund purchased 4,017 shares of the bank's stock, valued at approximately $7,187,000.

Why it matters

This investment by Aquatic Capital Management reflects ongoing institutional interest in First Citizens BancShares, a prominent regional bank based in North Carolina. The bank's stock has seen fluctuations in recent quarters, making it an attractive target for investors seeking exposure to the financial sector.

The details

According to the SEC filing, Aquatic Capital Management added the 4,017 shares of First Citizens BancShares to its portfolio during the third quarter of the year. The shares were valued at around $7.19 million at the time of the purchase. The investment firm's move comes as First Citizens BancShares has seen its stock price range between a 52-week low of $1,473.62 and a high of $2,232.21 over the past year.

  • Aquatic Capital Management acquired the 4,017 shares in the 3rd quarter of 2026.

The players

Aquatic Capital Management LLC

An investment firm that acquired a new position in shares of 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

This investment by Aquatic Capital Management underscores the ongoing institutional interest in First Citizens BancShares, a regionally prominent bank that has seen its stock price fluctuate in recent quarters. The purchase reflects the firm's belief in the bank's long-term growth potential.