Banc of California
BANC
195 hedge funds and large institutions have $1.15B invested in Banc of California in 2017 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 65 increasing their positions, 63 reducing their positions, and 36 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 5 → 10 (+5)
36% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 36
33% more capital invested
Capital invested by funds: $871M → $1.15B (+$283M)
11.02% more ownership
Funds ownership: 101.34% → 112.36% (+11%)
3% more funds holding
Funds holding: 189 → 195 (+6)
3% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 63
32% less call options, than puts
Call options by funds: $29.4M | Put options by funds: $43.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$121M |
| 2 |
BCM
Basswood Capital Management
New York
|
+$37.6M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$32.2M |
| 4 |
LPAM
Legion Partners Asset Management
Los Angeles,
California
|
+$26.4M |
| 5 |
MFP
Michael F. Price
|
+$23.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
-$28M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$23.5M |
| 3 |
JP Morgan Chase
New York
|
-$20.6M |
| 4 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$9.86M |
| 5 |
RI
Redwood Investments
Boston,
Massachusetts
|
-$9.14M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
226
Lazard Asset Management
New York
| – | -$48K | -2,812 | Closed |
|
|
TRCT
227
Tower Research Capital (TRC)
New York
| – | -$4K | -208 | Closed |
|
|
RFA
228
Reilly Financial Advisors
La Mesa,
California
| – | -$3K | -200 | Closed |
|
|
DVM
229
Dreman Value Management
West Palm Beach,
Florida
| – | -$2K | -138 | Closed |
|
|
PIA
230
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$2.2K | -127 | Closed |
|
|
IA
231
IFP Advisors
Tampa,
Florida
| – | -$1K | -86 | Closed |
|
BANC Hedge Fund Activity: Q1 2017 in Review
195 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Banc of California (BANC) for Q1 2017, worth a combined $1.15B — up 33% from $871M a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new BANC positions and 36 closed out — a net gain of 13 holders — while 65 added to existing stakes and 63 trimmed.
The largest buyer was BlackRock, adding an estimated $121M. The largest seller was Boston Partners, exiting entirely with an estimated $28M sold.
- 195 institutional investors held Banc of California (BANC) as of Q1 2017, up from 189 in Q4 2016.
- Funds reported $1.15B of Banc of California stock for Q1 2017, up 33% quarter-over-quarter.
- 49 funds opened new Banc of California positions in Q1 2017 and 36 closed out, a net change of +13 holders.
- The largest Banc of California buyer in Q1 2017 was BlackRock, an estimated $121M added.
- The largest Banc of California seller in Q1 2017 was Boston Partners, an estimated $28M sold.
Based on aggregated 13F filings for Q1 2017.