Banc of California
BANC
189 hedge funds and large institutions have $871M invested in Banc of California in 2016 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 72 increasing their positions, 56 reducing their positions, and 52 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
29% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 56
6% more capital invested
Capital invested by funds: $821M → $871M (+$49.5M)
5.66% more ownership
Funds ownership: 95.68% → 101.34% (+5.7%)
7% less funds holding
Funds holding: 204 → 189 (-15)
23% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 52
50% less call options, than puts
Call options by funds: $17.2M | Put options by funds: $34.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$32.6M |
| 2 |
State Street
Boston,
Massachusetts
|
+$23M |
| 3 |
PCA
PL Capital Advisors
Naples,
Florida
|
+$15.9M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
+$10.9M |
| 5 |
SGCIA
Smith Graham & Co Investment Advisors
Houston,
Texas
|
+$9.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$24.4M |
| 2 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
-$21.9M |
| 3 |
Renaissance Technologies
New York
|
-$18.2M |
| 4 |
MFIMFI
Mesirow Financial Investment Management - Fixed Income
Chicago,
Illinois
|
-$17.6M |
| 5 |
CCI
Columbus Circle Investors
|
-$10M |
BANC Hedge Fund Activity: Q4 2016 in Review
189 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Banc of California (BANC) for Q4 2016, worth a combined $871M — up 6% from $821M a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of BANC and 40 opened new positions — a net loss of 12 holders — while 56 trimmed existing stakes and 72 added.
The largest buyer was Vanguard Group, adding an estimated $32.6M. The largest seller was Systematic Financial Management, exiting entirely with an estimated $24.4M sold.
- 189 institutional investors held Banc of California (BANC) as of Q4 2016, down from 204 in Q3 2016.
- Funds reported $871M of Banc of California stock for Q4 2016, up 6% quarter-over-quarter.
- 40 funds opened new Banc of California positions in Q4 2016 and 52 closed out, a net change of -12 holders.
- The largest Banc of California buyer in Q4 2016 was Vanguard Group, an estimated $32.6M added.
- The largest Banc of California seller in Q4 2016 was Systematic Financial Management, an estimated $24.4M sold.
Based on aggregated 13F filings for Q4 2016.