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Banc of California
BANC

95 hedge funds and large institutions have $222M invested in Banc of California in 2014 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 43 increasing their positions, 19 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 9

126% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 19

100% more funds holding in top 10

Funds holding in top 10: 4 → 8 (+4)

68.95% more ownership

Funds ownership: 0% → 68.95% (+69%)

30% more capital invested

Capital invested by funds: $171M → $222M (+$51.4M)

14% more funds holding

Funds holding: 83 → 95 (+12)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $5K

Holders
95
Holders Change
+12
Holders Change %
+14.46%
% of All Funds
2.73%
Holding in Top 10
8
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+100%
% of All Funds
0.23%
New
21
Increased
43
Reduced
19
Closed
9
Calls
–
Puts
$5K
Net Calls
-$5K
Net Calls Change
-$5K

Top Buyers

1
PCA
PL Capital Advisors
Florida
+$22.3M
2
FHC
Forest Hill Capital
Arkansas
+$17.8M
3
CC
Consector Capital
New York
+$7.61M
4
BP
Boston Provident
New Jersey
+$4.58M
5
SJ
Stilwell Joseph
+$4.4M

Top Sellers

1
BCM
Basswood Capital Management
New York
-$8.64M
2
EAM
Eagle Asset Management
Florida
-$4.68M
3
Bank of New York Mellon
Bank of New York Mellon
New York
-$3.46M
4
JC
JBF Capital
Colorado
-$1.23M
5
PCM
Portolan Capital Management
Massachusetts
-$829K
Name Holding Trade Value Shares
Change 		Change in
Stake
PCA
1
PL Capital Advisors
Florida
$21.3M +$22.3M +1,956,676 New
PFP
2
Patriot Financial Partners
Pennsylvania
$17.4M +$1.04M +91,115 +6%
CC
3
Consector Capital
New York
$17.4M +$7.61M +666,186 +72%
FHC
4
Forest Hill Capital
Arkansas
$17M +$17.8M +1,560,534 New
CCG
5
Crescent Capital Group
California
$11.8M – – –
TG
6
TCW Group
California
$11.8M – – –
EM
7
Endicott Management
New York
$10.9M – – –
BP
8
Boston Provident
New Jersey
$9.96M +$4.58M +400,864 +78%
BFA
9
BlackRock Fund Advisors
California
$7.93M +$2.95M +258,087 +55%
Vanguard Group
10
Vanguard Group
Pennsylvania
$6.16M +$1.99M +174,439 +45%
Dimensional Fund Advisors
11
Dimensional Fund Advisors
Texas
$5.09M +$425K +37,215 +9%
MCA
12
Mendon Capital Advisors
Florida
$4.91M +$2.14M +187,849 +72%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$4.75M -$3.46M -303,280 -41%
BFC
14
Banc Funds Company
Illinois
$4.35M -$491K -43,000 -10%
ACM
15
Argent Capital Management
Missouri
$4.24M +$370K +32,450 +9%
SJ
16
Stilwell Joseph
$4.2M +$4.4M +384,995 New
Wellington Management Group
17
Wellington Management Group
Massachusetts
$4.09M +$4.28M +375,000 New
PI
18
Putnam Investments
Massachusetts
$3.63M +$1.22M +106,941 +47%
BIT
19
BlackRock Institutional Trust
California
$3.6M +$960K +84,057 +34%
CRC
20
Curi RMB Capital
Illinois
$3.27M +$3.42M +300,000 New
FCH
21
Freestone Capital Holdings
Washington
$3.25M +$3.41M +298,598 New
Northern Trust
22
Northern Trust
Illinois
$2.94M +$775K +67,853 +34%
State Street
23
State Street
Massachusetts
$2.79M +$196K +17,188 +7%
KIA
24
King Investment Advisors
Texas
$2.5M +$2.62M +229,070 New
Luther King Capital Management (LKCM)
25
Luther King Capital Management (LKCM)
Texas
$2.37M – – –
1
2 3 4 5

BANC Hedge Fund Activity: Q2 2014 in Review

95 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Banc of California (BANC) for Q2 2014, worth a combined $222M — up 30% from $171M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new BANC positions and 9 closed out — a net gain of 12 holders — while 43 added to existing stakes and 19 trimmed.

The largest buyer was PL Capital Advisors, opening a new position worth an estimated $22.3M. The largest seller was Basswood Capital Management, exiting entirely with an estimated $8.64M sold.

  • 95 institutional investors held Banc of California (BANC) as of Q2 2014, up from 83 in Q1 2014.
  • Funds reported $222M of Banc of California stock for Q2 2014, up 30% quarter-over-quarter.
  • 21 funds opened new Banc of California positions in Q2 2014 and 9 closed out, a net change of +12 holders.
  • The largest Banc of California buyer in Q2 2014 was PL Capital Advisors, an estimated $22.3M added.
  • The largest Banc of California seller in Q2 2014 was Basswood Capital Management, an estimated $8.64M sold.

Based on aggregated 13F filings for Q2 2014.