Assenagon Asset Management Boosts Stake in First Citizens BancShares

Investment firm increases holdings in North Carolina-based bank by over 120%

Mar. 29, 2026 at 7:20am

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Assenagon Asset Management S.A. has significantly increased its stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA), the parent company of First Citizens Bank, according to a recent 13F filing. The investment firm boosted its holdings in the bank by 122.2% during the fourth quarter, now owning 2,440 shares worth over $5.2 million.

Why it matters

This move by Assenagon highlights growing investor interest in First Citizens BancShares, a diversified financial services organization with a strong presence in the Southeast. As a regional bank, First Citizens has navigated the challenges of the pandemic relatively well and continues to attract attention from institutional investors.

The details

Assenagon Asset Management S.A. purchased an additional 1,342 shares of First Citizens BancShares during the fourth quarter, bringing its total holdings to 2,440 shares. This represents a 122.2% increase in the firm's position in the bank. First Citizens BancShares is a full-service commercial bank headquartered in Raleigh, North Carolina, with a focus on consumer, commercial, and institutional banking services.

  • Assenagon Asset Management increased its stake in the fourth quarter of 2025.

The players

Assenagon Asset Management S.A.

An investment management firm based in Germany that has increased its holdings in First Citizens BancShares.

First Citizens BancShares, Inc.

The parent company of First Citizens Bank, a diversified financial services organization headquartered in Raleigh, North Carolina.

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What they’re saying

“We continue to see strong fundamentals and growth potential in First Citizens BancShares, which is why we have increased our position in the company.”

— Markus Müller, Chief Investment Officer, Assenagon Asset Management

What’s next

Analysts will be closely monitoring First Citizens BancShares' upcoming earnings report and any further changes in institutional ownership of the stock.

The takeaway

This investment by Assenagon Asset Management underscores the appeal of First Citizens BancShares as a regional banking player with a solid track record and growth prospects, even as the broader financial sector faces economic headwinds.