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Preferred Bank

75 hedge funds and large institutions have $162M invested in Preferred Bank in 2014 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 30 increasing their positions, 30 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 7575 (0)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 6

0% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 30

8% less capital invested

Capital invested by funds: $176M → $162M (-$13.8M)

Holders
75
Holders Change
Holders Change %
0%
% of All Funds
2.16%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
6
Increased
30
Reduced
30
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of Montreal
51
Bank of Montreal
Ontario, Canada
$330K +$92.5K +3,985 +40%
AQR Capital Management
52
AQR Capital Management
Connecticut
$309K +$48.8K +2,100 +19%
RFC
53
Russell Frank Company
Washington
$260K +$48K +2,066 +22%
MLICM
54
Metropolitan Life Insurance Company (MetLife)
New York
$252K
NI
55
Numeric Investors
Massachusetts
$244K
Fiera Capital (Canada)
56
Fiera Capital (Canada)
Quebec, Canada
$236K +$232K +10,000 New
AIU
57
Algebris Investments (UK)
United Kingdom
$213K +$209K +9,000 New
Manulife (Manufacturers Life Insurance)
58
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$209K -$61K -2,626 -23%
AIG
59
American International Group
New York
$181K -$54.7K -2,357 -23%
BA
60
BlackRock Advisors
Delaware
$179K -$61.1K -2,630 -26%
Bank of America
61
Bank of America
North Carolina
$170K +$137K +5,916 +465%
Federated Hermes
62
Federated Hermes
Pennsylvania
$104K +$28.6K +1,231 +39%
BGIM
63
Brandywine Global Investment Management
Pennsylvania
$100K -$44.1K -1,900 -31%
Invesco
64
Invesco
Georgia
$96K -$2.18M -93,825 -96%
TRCT
65
Tower Research Capital (TRC)
New York
$48K +$6.39K +275 +16%
Barclays
66
Barclays
United Kingdom
$48K +$11.7K +502 +32%
Citigroup
67
Citigroup
New York
$42K -$50.3K -2,168 -55%
GSC
68
Ground Swell Capital
South Carolina
$24K +$23.2K +998 New
VFA
69
Virtus Fund Advisers
Connecticut
$24K +$23.2K +1,001 New
Wells Fargo
70
Wells Fargo
California
$22K +$21.8K +937 New
BlackRock
71
BlackRock
New York
$9K -$2.21K -95 -21%
BNP Paribas Financial Markets
72
BNP Paribas Financial Markets
France
$3.36K +$3.02K +130 +1,083%
U
73
UBS
Switzerland
$2K -$25.3K -1,088 -94%
GC
74
Globeflex Capital
California
$2K -$766 -33 -21%
PNC Financial Services Group
75
PNC Financial Services Group
Pennsylvania
$1K

PFBC Hedge Fund Activity: Q2 2014 in Review

75 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q2 2014, worth a combined $162M — down 7.8% from $176M a quarter earlier.

Fund positioning in PFBC was balanced in Q2 2014: 6 funds opened new positions, 6 closed out, 30 added to existing stakes and 30 trimmed.

The largest buyer was Basswood Capital Management, adding an estimated $4.05M. The largest seller was Invesco, cutting an estimated $2.18M.

  • 75 institutional investors held Preferred Bank (PFBC) as of Q2 2014, unchanged from Q1 2014.
  • Funds reported $162M of Preferred Bank stock for Q2 2014, down 7.8% quarter-over-quarter.
  • 6 funds opened new Preferred Bank positions in Q2 2014 and 6 closed out, a net change of 0 holders.
  • The largest Preferred Bank buyer in Q2 2014 was Basswood Capital Management, an estimated $4.05M added.
  • The largest Preferred Bank seller in Q2 2014 was Invesco, an estimated $2.18M sold.

Based on aggregated 13F filings for Q2 2014.