Banc of California
BANC
95 hedge funds and large institutions have $223M 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.
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 → $223M (+$51.7M)
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCA
PL Capital Advisors
Naples,
Florida
|
+$22.3M |
| 2 |
FHC
Forest Hill Capital
Little Rock,
Arkansas
|
+$17.8M |
| 3 |
CC
Consector Capital
New York
|
+$7.61M |
| 4 |
BP
Boston Provident
Englewood,
New Jersey
|
+$4.58M |
| 5 |
SJ
Stilwell Joseph
|
+$4.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$8.64M |
| 2 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$4.68M |
| 3 |
Bank of New York Mellon
New York
|
-$3.46M |
| 4 |
JC
JBF Capital
Aspen,
Colorado
|
-$1.23M |
| 5 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$829K |
BANC Hedge Fund Activity: Q2 2014 in Review
95 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Banc of California (BANC) for Q2 2014, worth a combined $223M — 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 $223M 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.