Banc of California
BANC
83 hedge funds and large institutions have $171M invested in Banc of California in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 28 increasing their positions, 27 reducing their positions, and 13 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
4% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 27
4% less capital invested
Capital invested by funds: $177M → $171M (-$6.22M)
10% less funds holding
Funds holding: 92 → 83 (-9)
62% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
+$5.69M |
| 2 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$4.94M |
| 3 |
CC
Consector Capital
New York
|
+$4.72M |
| 4 |
BP
Boston Provident
Englewood,
New Jersey
|
+$4.06M |
| 5 |
UM
Ulysses Management
New York
|
+$2.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$11.2M |
| 2 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$1.4M |
| 3 |
CCA
Catalyst Capital Advisors
Huntington,
New York
|
-$1.33M |
| 4 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$948K |
| 5 |
Morgan Stanley
New York
|
-$790K |
BANC Hedge Fund Activity: Q1 2014 in Review
83 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Banc of California (BANC) for Q1 2014, worth a combined $171M — down 3.5% from $177M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of BANC and 5 opened new positions — a net loss of 8 holders — while 27 trimmed existing stakes and 28 added.
The largest buyer was Bank of New York Mellon, adding an estimated $5.69M. The largest seller was Basswood Capital Management, cutting an estimated $11.2M.
- 83 institutional investors held Banc of California (BANC) as of Q1 2014, down from 92 in Q4 2013.
- Funds reported $171M of Banc of California stock for Q1 2014, down 3.5% quarter-over-quarter.
- 5 funds opened new Banc of California positions in Q1 2014 and 13 closed out, a net change of -8 holders.
- The largest Banc of California buyer in Q1 2014 was Bank of New York Mellon, an estimated $5.69M added.
- The largest Banc of California seller in Q1 2014 was Basswood Capital Management, an estimated $11.2M sold.
Based on aggregated 13F filings for Q1 2014.