Preferred Bank
PFBC
137 hedge funds and large institutions have $518M invested in Preferred Bank in 2018 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 62 increasing their positions, 41 reducing their positions, and 23 closing their positions.
51% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 41
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.82% less ownership
Funds ownership: 93.42% → 90.6% (-2.8%)
5% less funds holding
Funds holding: 144 → 137 (-7)
26% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 23
28% less capital invested
Capital invested by funds: $721M → $518M (-$203M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
+$9.26M |
| 2 |
BlackRock
New York
|
+$6.04M |
| 3 |
JC
JCSD Capital
Walnut Creek,
California
|
+$3.06M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$2.68M |
| 5 |
Renaissance Technologies
New York
|
+$2.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$17.4M |
| 2 |
State Street
Boston,
Massachusetts
|
-$6M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$5.89M |
| 4 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$4.51M |
| 5 |
JP Morgan Chase
New York
|
-$4.21M |
PFBC Hedge Fund Activity: Q4 2018 in Review
137 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q4 2018, worth a combined $518M — down 28% from $721M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of PFBC and 17 opened new positions — a net loss of 6 holders — while 41 trimmed existing stakes and 62 added.
The largest buyer was Boston Partners, adding an estimated $9.26M. The largest seller was Fidelity Investments, cutting an estimated $17.4M.
- 137 institutional investors held Preferred Bank (PFBC) as of Q4 2018, down from 144 in Q3 2018.
- Funds reported $518M of Preferred Bank stock for Q4 2018, down 28% quarter-over-quarter.
- 17 funds opened new Preferred Bank positions in Q4 2018 and 23 closed out, a net change of -6 holders.
- The largest Preferred Bank buyer in Q4 2018 was Boston Partners, an estimated $9.26M added.
- The largest Preferred Bank seller in Q4 2018 was Fidelity Investments, an estimated $17.4M sold.
Based on aggregated 13F filings for Q4 2018.