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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$37.3M |
| 2 |
PFP
Patriot Financial Partners
Radnor,
Pennsylvania
|
+$21.6M |
| 3 |
AC
Allstate Corporation
Northbrook,
Illinois
|
+$5.97M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$2.84M |
| 5 |
FHC
Forest Hill Capital
Little Rock,
Arkansas
|
+$1.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TG
TCW Group
Los Angeles,
California
|
-$13M |
| 2 |
CC
Consector Capital
New York
|
-$1.78M |
| 3 |
TI
Turner Investments
Berwyn,
Pennsylvania
|
-$1.49M |
| 4 |
BP
Boston Provident
Englewood,
New Jersey
|
-$1.31M |
| 5 |
UM
Ulysses Management
New York
|
-$1.08M |
BANC Hedge Fund Activity: Q4 2014 in Review
98 of the 3,765 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.