Preferred Bank
PFBC
140 hedge funds and large institutions have $568M invested in Preferred Bank in 2020 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 36 increasing their positions, 52 reducing their positions, and 8 closing their positions.
275% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 8
54% more capital invested
Capital invested by funds: $369M → $568M (+$199M)
19% more funds holding
Funds holding: 118 → 140 (+22)
2.76% less ownership
Funds ownership: 77.06% → 74.29% (-2.8%)
29% less call options, than puts
Call options by funds: $484K | Put options by funds: $680K
31% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 52
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$6.11M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$5.51M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$4.2M |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$3.28M |
| 5 |
EC
EJF Capital
Arlington,
Virginia
|
+$2.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$17.1M |
| 2 |
PFC
Phocas Financial Corp
Alameda,
California
|
-$6.25M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$3.1M |
| 4 |
BCM
Basswood Capital Management
New York
|
-$2.83M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$2.57M |
PFBC Hedge Fund Activity: Q4 2020 in Review
140 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q4 2020, worth a combined $568M — up 54% from $369M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new PFBC positions and 8 closed out — a net gain of 22 holders — while 36 added to existing stakes and 52 trimmed.
The largest buyer was BlackRock, adding an estimated $6.11M. The largest seller was Principal Financial Group, cutting an estimated $17.1M.
- 140 institutional investors held Preferred Bank (PFBC) as of Q4 2020, up from 118 in Q3 2020.
- Funds reported $568M of Preferred Bank stock for Q4 2020, up 54% quarter-over-quarter.
- 30 funds opened new Preferred Bank positions in Q4 2020 and 8 closed out, a net change of +22 holders.
- The largest Preferred Bank buyer in Q4 2020 was BlackRock, an estimated $6.11M added.
- The largest Preferred Bank seller in Q4 2020 was Principal Financial Group, an estimated $17.1M sold.
Based on aggregated 13F filings for Q4 2020.