Banc of California
BANC
181 hedge funds and large institutions have $683M invested in Banc of California in 2023 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 59 increasing their positions, 54 reducing their positions, and 15 closing their positions.
180% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 15
17% more funds holding
Funds holding: 155 → 181 (+26)
8.43% more ownership
Funds ownership: 84.38% → 92.81% (+8.4%)
9% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 54
15% less capital invested
Capital invested by funds: $802M → $683M (-$120M)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
96% less call options, than puts
Call options by funds: $76K | Put options by funds: $1.82M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$12.5M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$10.7M |
| 3 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$8.48M |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$5M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$4.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFP
Patriot Financial Partners
Radnor,
Pennsylvania
|
-$21M |
| 2 |
JCP
Jennifer C. Price
|
-$18.1M |
| 3 |
RIM
Ranger Investment Management
Dallas,
Texas
|
-$12M |
| 4 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$7.66M |
| 5 |
JAM
Jacobs Asset Management
New York
|
-$5.97M |
BANC Hedge Fund Activity: Q1 2023 in Review
181 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Banc of California (BANC) for Q1 2023, worth a combined $683M — down 15% from $802M a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new BANC positions and 15 closed out — a net gain of 27 holders — while 59 added to existing stakes and 54 trimmed.
The largest buyer was Neuberger Berman Group, opening a new position worth an estimated $12.5M. The largest seller was Patriot Financial Partners, cutting an estimated $21M.
- 181 institutional investors held Banc of California (BANC) as of Q1 2023, up from 155 in Q4 2022.
- Funds reported $683M of Banc of California stock for Q1 2023, down 15% quarter-over-quarter.
- 42 funds opened new Banc of California positions in Q1 2023 and 15 closed out, a net change of +27 holders.
- The largest Banc of California buyer in Q1 2023 was Neuberger Berman Group, an estimated $12.5M added.
- The largest Banc of California seller in Q1 2023 was Patriot Financial Partners, an estimated $21M sold.
Based on aggregated 13F filings for Q1 2023.