First United Corporation
US ˙ NasdaqGS ˙ US33741H1077

SecurityFUNC / First United Corporation
InstitutionQUANTITATIVE MASTER SERIES LLC - Master Small Cap Index Series
Latest Disclosed Ownership10,430 shares
Latest Disclosed Value $ 323,434
QUANTITATIVE MASTER SERIES LLC - Master Small Cap Index Series reports 6.97% increase in ownership of FUNC / First United Corporation

On August 26, 2025 - QUANTITATIVE MASTER SERIES LLC - Master Small Cap Index Series filed a NPORT-P form disclosing ownership of 10,430 shares of First United Corporation (US:FUNC) valued at $323,434 USD as of June 30, 2025. The entity filed a previous NPORT-P on May 27, 2021 disclosing 9,750 shares of First United Corporation. This represents a change in shares of 6.97% during the quarter. The current value of the position is $414,280 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-08-26 2025-06-30 NP First United EC US33741H1077 10,430 680 6.97 323 88.89 0.0073
2021-05-27 2021-03-31 NP First United EC US33741H1077 9,750 0 0.00 172 13.25 0.0039
2021-02-25 2020-12-31 NP First United EC US33741H1077 9,750 0 0.00 151 32.46 0.0039
2020-11-25 2020-09-30 NP First United EC US33741H1077 9,750 0 0.00 114 -12.31 0.0037
2020-08-27 2020-06-30 NP First United EC US33741H1077 9,750 9,750 130 0.0043
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.