Banc of California
BANC
190 hedge funds and large institutions have $1.31B invested in Banc of California in 2017 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 63 increasing their positions, 69 reducing their positions, and 32 closing their positions.
11% more funds holding in top 10
Funds holding in top 10: 9 → 10 (+1)
5.85% more ownership
Funds ownership: 120.64% → 126.49% (+5.8%)
1% more capital invested
Capital invested by funds: $1.3B → $1.31B (+$16.8M)
9% less repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 69
4% less funds holding
Funds holding: 198 → 190 (-8)
19% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 32
29% less call options, than puts
Call options by funds: $21.3M | Put options by funds: $30.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Channing Capital Management
Chicago,
Illinois
|
+$46.2M |
| 2 |
RIM
Ranger Investment Management
Dallas,
Texas
|
+$16.9M |
| 3 |
MCM
Maltese Capital Management
New York
|
+$9.46M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$7.69M |
| 5 |
HAI
Hennessy Advisors Inc
Novato,
California
|
+$7.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
-$16.8M |
| 2 |
BCM
Basswood Capital Management
New York
|
-$14.1M |
| 3 |
State Street
Boston,
Massachusetts
|
-$12.9M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$8.75M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$7.18M |
BANC Hedge Fund Activity: Q3 2017 in Review
190 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Banc of California (BANC) for Q3 2017, worth a combined $1.31B — up 1.3% from $1.3B a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of BANC and 26 opened new positions — a net loss of 6 holders — while 69 trimmed existing stakes and 63 added.
The largest buyer was Channing Capital Management, opening a new position worth an estimated $46.2M. The largest seller was LSV Asset Management, cutting an estimated $16.8M.
- 190 institutional investors held Banc of California (BANC) as of Q3 2017, down from 198 in Q2 2017.
- Funds reported $1.31B of Banc of California stock for Q3 2017, up 1.3% quarter-over-quarter.
- 26 funds opened new Banc of California positions in Q3 2017 and 32 closed out, a net change of -6 holders.
- The largest Banc of California buyer in Q3 2017 was Channing Capital Management, an estimated $46.2M added.
- The largest Banc of California seller in Q3 2017 was LSV Asset Management, an estimated $16.8M sold.
Based on aggregated 13F filings for Q3 2017.