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Banc of California
BANC

98 hedge funds and large institutions have $293M invested in Banc of California in 2014 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 45 increasing their positions, 20 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 20

24% more capital invested

Capital invested by funds: $236M → $293M (+$57.4M)

4.03% more ownership

Funds ownership: 73.04% → 77.07% (+4%)

5% less funds holding

Funds holding: 103 → 98 (-5)

12% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 17

29% less funds holding in top 10

Funds holding in top 10: 7 → 5 (-2)

99% less call options, than puts

Call options by funds: $11K | Put options by funds: $2.11M

Holders
98
Holders Change
-5
Holders Change %
-4.85%
% of All Funds
2.61%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.13%
New
15
Increased
45
Reduced
20
Closed
17
Calls
$11K
Puts
$2.11M
Net Calls
-$2.1M
Net Calls Change
-$2.11M

Top Buyers

1
OCM
Oaktree Capital Management
California
+$37.3M
2
PFP
Patriot Financial Partners
Pennsylvania
+$21.6M
3
AC
Allstate Corporation
Illinois
+$5.97M
4
BFA
BlackRock Fund Advisors
California
+$2.84M
5
FHC
Forest Hill Capital
Arkansas
+$1.81M

Top Sellers

1
TG
TCW Group
California
-$13M
2
CC
Consector Capital
New York
-$1.78M
3
TI
Turner Investments
Pennsylvania
-$1.49M
4
BP
Boston Provident
New Jersey
-$1.31M
5
UM
Ulysses Management
New York
-$1.08M
Name Holding Trade Value Shares
Change 		Change in
Stake
OCM
1
Oaktree Capital Management
California
$37.7M +$37.3M +3,288,947 New
PFP
2
Patriot Financial Partners
Pennsylvania
$35.6M +$21.6M +1,900,000 +158%
PCA
3
PL Capital Advisors
Florida
$23.8M – – –
FHC
4
Forest Hill Capital
Arkansas
$20.6M +$1.81M +159,657 +10%
CC
5
Consector Capital
New York
$16.9M -$1.78M -156,569 -10%
CCG
6
Crescent Capital Group
California
$12.4M +$624 +55 +0%
EM
7
Endicott Management
New York
$11.5M – – –
BFA
8
BlackRock Fund Advisors
California
$10.3M +$2.84M +250,417 +38%
AC
9
Allstate Corporation
Illinois
$9.88M +$5.97M +526,301 +157%
Vanguard Group
10
Vanguard Group
Pennsylvania
$8.54M +$542K +47,736 +7%
DRZID
11
DePrince Race & Zollo Inc (DRZ)
Florida
$7.32M +$476K +41,927 +7%
Dimensional Fund Advisors
12
Dimensional Fund Advisors
Texas
$5.41M +$103K +9,088 +2%
MCA
13
Mendon Capital Advisors
Florida
$5.03M – – –
PI
14
Putnam Investments
Massachusetts
$4.88M +$864K +76,100 +22%
State Street
15
State Street
Massachusetts
$4.24M +$1.05M +92,253 +33%
Northern Trust
16
Northern Trust
Illinois
$3.77M +$242K +21,356 +7%
Luther King Capital Management (LKCM)
17
Luther King Capital Management (LKCM)
Texas
$3.72M +$1.22M +107,300 +49%
Wellington Management Group
18
Wellington Management Group
Massachusetts
$3.68M -$616K -54,300 -14%
ACM
19
Argent Capital Management
Missouri
$3.68M +$266K +23,450 +8%
BIT
20
BlackRock Institutional Trust
California
$3.66M +$435K +38,307 +14%
PRCP
21
Pacific Ridge Capital Partners
Oregon
$3.42M +$443K +39,020 +15%
BP
22
Boston Provident
New Jersey
$3.37M -$1.31M -115,000 -28%
CRC
23
Curi RMB Capital
Illinois
$3.18M -$255K -22,500 -8%
BFC
24
Banc Funds Company
Illinois
$2.96M -$238K -20,990 -8%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$2.83M +$759K +66,822 +37%
1
2 3 4 5

BANC Hedge Fund Activity: Q4 2014 in Review

98 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Banc of California (BANC) for Q4 2014, worth a combined $293M — up 24% from $236M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of BANC and 15 opened new positions — a net loss of 2 holders — while 20 trimmed existing stakes and 45 added.

The largest buyer was Oaktree Capital Management, opening a new position worth an estimated $37.3M. The largest seller was TCW Group, exiting entirely with an estimated $13M sold.

  • 98 institutional investors held Banc of California (BANC) as of Q4 2014, down from 103 in Q3 2014.
  • Funds reported $293M of Banc of California stock for Q4 2014, up 24% quarter-over-quarter.
  • 15 funds opened new Banc of California positions in Q4 2014 and 17 closed out, a net change of -2 holders.
  • The largest Banc of California buyer in Q4 2014 was Oaktree Capital Management, an estimated $37.3M added.
  • The largest Banc of California seller in Q4 2014 was TCW Group, an estimated $13M sold.

Based on aggregated 13F filings for Q4 2014.