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Preferred Bank

67 hedge funds and large institutions have $125M invested in Preferred Bank in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 31 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

86% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 7

82% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 17

20% more capital invested

Capital invested by funds: $104M → $125M (+$20.9M)

10% more funds holding

Funds holding: 6167 (+6)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

Holders
67
Holders Change
+6
Holders Change %
+9.84%
% of All Funds
1.94%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
13
Increased
31
Reduced
17
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BIG
26
Blackthorn Investment Group
Kansas
$691K -$39.8K -2,022 -6%
California Public Employees Retirement System
27
California Public Employees Retirement System
California
$656K +$9.85K +500 +2%
BFC
28
Banc Funds Company
Illinois
$553K
Citadel Advisors
29
Citadel Advisors
Florida
$546K +$111K +5,631 +26%
MAM
30
Martingale Asset Management
Massachusetts
$519K +$35.4K +1,800 +7%
Prudential Financial
31
Prudential Financial
New Jersey
$461K +$217K +11,000 +92%
CIC
32
Cornercap Investment Counsel
Georgia
$430K +$423K +21,470 New
California State Teachers Retirement System (CalSTRS)
33
California State Teachers Retirement System (CalSTRS)
California
$423K +$3.94K +200 +1%
Acadian Asset Management
34
Acadian Asset Management
Massachusetts
$411K +$272K +13,797 +205%
Two Sigma Investments
35
Two Sigma Investments
New York
$393K +$82.7K +4,200 +27%
Two Sigma Advisers
36
Two Sigma Advisers
New York
$367K +$1.97K +100 +0.5%
SO
37
STRS Ohio
Ohio
$354K -$39.4K -2,000 -10%
MCM
38
MAI Capital Management
Ohio
$327K +$321K +16,297 New
HIM
39
Hillsdale Investment Management
Ontario, Canada
$324K +$98.5K +5,000 +45%
Charles Schwab
40
Charles Schwab
California
$323K
ZIM
41
Zacks Investment Management
Illinois
$309K +$303K +15,398 New
RhumbLine Advisers
42
RhumbLine Advisers
Massachusetts
$306K -$20.7K -1,050 -6%
TA
43
Teachers Advisors
New York
$294K
PPA
44
Parametric Portfolio Associates
Washington
$281K +$276K +13,999 New
Invesco
45
Invesco
Georgia
$233K -$8.17K -415 -3%
Jacobs Levy Equity Management
46
Jacobs Levy Equity Management
New Jersey
$231K -$90.4K -4,591 -28%
CS
47
Credit Suisse
Switzerland
$230K +$225K +11,438 New
KCM
48
Kennedy Capital Management
Missouri
$227K +$223K +11,311 New
MLICM
49
Metropolitan Life Insurance Company (MetLife)
New York
$214K
BA
50
BlackRock Advisors
Delaware
$163K +$9.02K +458 +6%

PFBC Hedge Fund Activity: Q4 2013 in Review

67 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q4 2013, worth a combined $125M — up 20% from $104M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new PFBC positions and 7 closed out — a net gain of 6 holders — while 31 added to existing stakes and 17 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $1.14M. The largest seller was Maltese Capital Management, cutting an estimated $1.6M.

  • 67 institutional investors held Preferred Bank (PFBC) as of Q4 2013, up from 61 in Q3 2013.
  • Funds reported $125M of Preferred Bank stock for Q4 2013, up 20% quarter-over-quarter.
  • 13 funds opened new Preferred Bank positions in Q4 2013 and 7 closed out, a net change of +6 holders.
  • The largest Preferred Bank buyer in Q4 2013 was T. Rowe Price Associates, an estimated $1.14M added.
  • The largest Preferred Bank seller in Q4 2013 was Maltese Capital Management, an estimated $1.6M sold.

Based on aggregated 13F filings for Q4 2013.