Banc of California
BANC
92 hedge funds and large institutions have $177M invested in Banc of California in 2013 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 29 increasing their positions, 25 reducing their positions, and 15 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
40% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 15
36% more capital invested
Capital invested by funds: $130M → $177M (+$47.4M)
16% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 25
7% more funds holding
Funds holding: 86 → 92 (+6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFP
Patriot Financial Partners
Radnor,
Pennsylvania
|
+$20.2M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$3.16M |
| 3 |
Bank of New York Mellon
New York
|
+$2.99M |
| 4 |
BCM
Basswood Capital Management
New York
|
+$2.81M |
| 5 |
Luther King Capital Management (LKCM)
Fort Worth,
Texas
|
+$1.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SB
Suntrust Banks
Atlanta,
Georgia
|
-$3.23M |
| 2 |
Morgan Stanley
New York
|
-$1.8M |
| 3 |
BP
Boston Provident
Englewood,
New Jersey
|
-$1.08M |
| 4 |
JP Morgan Chase
New York
|
-$791K |
| 5 |
HCM
Highbridge Capital Management
New York
|
-$713K |
BANC Hedge Fund Activity: Q4 2013 in Review
92 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Banc of California (BANC) for Q4 2013, worth a combined $177M — up 36% from $130M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new BANC positions and 15 closed out — a net gain of 6 holders — while 29 added to existing stakes and 25 trimmed.
The largest buyer was Patriot Financial Partners, opening a new position worth an estimated $20.2M. The largest seller was Suntrust Banks, cutting an estimated $3.23M.
- 92 institutional investors held Banc of California (BANC) as of Q4 2013, up from 86 in Q3 2013.
- Funds reported $177M of Banc of California stock for Q4 2013, up 36% quarter-over-quarter.
- 21 funds opened new Banc of California positions in Q4 2013 and 15 closed out, a net change of +6 holders.
- The largest Banc of California buyer in Q4 2013 was Patriot Financial Partners, an estimated $20.2M added.
- The largest Banc of California seller in Q4 2013 was Suntrust Banks, an estimated $3.23M sold.
Based on aggregated 13F filings for Q4 2013.