Preferred Bank
PFBC
61 hedge funds and large institutions have $104M invested in Preferred Bank in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 26 increasing their positions, 15 reducing their positions, and 2 closing their positions.
550% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 2
73% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 15
22% more funds holding
Funds holding: 50 → 61 (+11)
9% more capital invested
Capital invested by funds: $94.8M → $104M (+$8.95M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$1.02M |
| 2 |
Renaissance Technologies
New York
|
+$946K |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$715K |
| 4 |
BIG
Blackthorn Investment Group
Overland Park,
Kansas
|
+$618K |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$563K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$2.5M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$2.43M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.11M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$170K |
| 5 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$146K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bank of Montreal
Toronto,
Ontario, Canada
| $52K | +$49.9K | +2,951 | New |
|
|
U
52
UBS
Zurich,
Switzerland
| $39K | +$29.9K | +1,768 | +406% |
|
53
Barclays
London,
United Kingdom
| $33K | -$8.7K | -514 | -21% |
|
|
MOACM
54
Mutual of America Capital Management
New York
| $24K | +$22.6K | +1,336 | New |
|
|
55
AllianceBernstein
Nashville,
Tennessee
| $16K | -$2.43M | -143,441 | -99% |
|
56
Ameriprise
Minneapolis,
Minnesota
| $13K | – | – | – |
|
57
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $13K | – | – | – |
|
|
BG
58
BlackRock Group
London,
United Kingdom
| $13K | +$12K | +709 | New |
|
|
59
Bank of America
Charlotte,
North Carolina
| $12K | -$170K | -10,073 | -94% |
|
60
BlackRock
New York
| $8K | – | – | – |
|
61
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $183 | +$10.6K | +627 | +7% |
|
|
TRCT
62
Tower Research Capital (TRC)
New York
| – | -$8K | -465 | Closed |
|
63
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$7K | -400 | Closed |
|
PFBC Hedge Fund Activity: Q3 2013 in Review
61 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q3 2013, worth a combined $104M — up 9.4% from $94.8M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PFBC positions and 2 closed out — a net gain of 11 holders — while 26 added to existing stakes and 15 trimmed.
The largest buyer was Basswood Capital Management, adding an estimated $1.02M. The largest seller was Maltese Capital Management, cutting an estimated $2.5M.
- 61 institutional investors held Preferred Bank (PFBC) as of Q3 2013, up from 50 in Q2 2013.
- Funds reported $104M of Preferred Bank stock for Q3 2013, up 9.4% quarter-over-quarter.
- 13 funds opened new Preferred Bank positions in Q3 2013 and 2 closed out, a net change of +11 holders.
- The largest Preferred Bank buyer in Q3 2013 was Basswood Capital Management, an estimated $1.02M added.
- The largest Preferred Bank seller in Q3 2013 was Maltese Capital Management, an estimated $2.5M sold.
Based on aggregated 13F filings for Q3 2013.