Banc of California
BANC
137 hedge funds and large institutions have $397M invested in Banc of California in 2020 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 52 increasing their positions, 47 reducing their positions, and 16 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 47
4% less funds holding
Funds holding: 143 → 137 (-6)
4.28% less ownership
Funds ownership: 102.59% → 98.3% (-4.3%)
11% less call options, than puts
Call options by funds: $3.46M | Put options by funds: $3.9M
25% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 16
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
55% less capital invested
Capital invested by funds: $888M → $397M (-$492M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$19.7M |
| 2 |
RIM
Ranger Investment Management
Dallas,
Texas
|
+$2.03M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
+$1.9M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.43M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$870K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$13.1M |
| 2 |
Millennium Management
New York
|
-$12.6M |
| 3 |
SCC
Second Curve Capital
Radnor,
Pennsylvania
|
-$9.49M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$5.94M |
| 5 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
-$2.76M |
BANC Hedge Fund Activity: Q1 2020 in Review
137 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Banc of California (BANC) for Q1 2020, worth a combined $397M — down 55% from $888M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of BANC and 12 opened new positions — a net loss of 4 holders — while 47 trimmed existing stakes and 52 added.
The largest buyer was Victory Capital Management, adding an estimated $19.7M. The largest seller was Wellington Management Group, cutting an estimated $13.1M.
- 137 institutional investors held Banc of California (BANC) as of Q1 2020, down from 143 in Q4 2019.
- Funds reported $397M of Banc of California stock for Q1 2020, down 55% quarter-over-quarter.
- 12 funds opened new Banc of California positions in Q1 2020 and 16 closed out, a net change of -4 holders.
- The largest Banc of California buyer in Q1 2020 was Victory Capital Management, an estimated $19.7M added.
- The largest Banc of California seller in Q1 2020 was Wellington Management Group, an estimated $13.1M sold.
Based on aggregated 13F filings for Q1 2020.