Preferred Bank
PFBC
131 hedge funds and large institutions have $530M invested in Preferred Bank in 2017 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 52 increasing their positions, 49 reducing their positions, and 10 closing their positions.
90% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 10
6% more capital invested
Capital invested by funds: $498M → $530M (+$32.1M)
2.84% more ownership
Funds ownership: 72.03% → 74.87% (+2.8%)
2% more funds holding
Funds holding: 128 → 131 (+3)
6% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 49
11% less call options, than puts
Call options by funds: $638K | Put options by funds: $719K
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$41.5M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$9.92M |
| 3 |
Millennium Management
New York
|
+$6.05M |
| 4 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
+$4.28M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$2.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$10.4M |
| 2 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
-$7.32M |
| 3 |
HIS
Horizon Investment Services
Hammond,
Indiana
|
-$4.47M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
-$3.5M |
| 5 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$2.83M |
PFBC Hedge Fund Activity: Q1 2017 in Review
131 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q1 2017, worth a combined $530M — up 6.4% from $498M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new PFBC positions and 10 closed out — a net gain of 9 holders — while 52 added to existing stakes and 49 trimmed.
The largest buyer was BlackRock, adding an estimated $41.5M. The largest seller was Basswood Capital Management, cutting an estimated $10.4M.
- 131 institutional investors held Preferred Bank (PFBC) as of Q1 2017, up from 128 in Q4 2016.
- Funds reported $530M of Preferred Bank stock for Q1 2017, up 6.4% quarter-over-quarter.
- 19 funds opened new Preferred Bank positions in Q1 2017 and 10 closed out, a net change of +9 holders.
- The largest Preferred Bank buyer in Q1 2017 was BlackRock, an estimated $41.5M added.
- The largest Preferred Bank seller in Q1 2017 was Basswood Capital Management, an estimated $10.4M sold.
Based on aggregated 13F filings for Q1 2017.