Preferred Bank
PFBC
136 hedge funds and large institutions have $609M invested in Preferred Bank in 2019 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 50 increasing their positions, 49 reducing their positions, and 13 closing their positions.
10% more capital invested
Capital invested by funds: $552M → $609M (+$57.4M)
2% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 49
0.36% less ownership
Funds ownership: 88.55% → 88.19% (-0.36%)
1% less funds holding
Funds holding: 137 → 136 (-1)
8% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.86M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$2.7M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$2.46M |
| 4 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$2.1M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
-$4.66M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$4.31M |
| 3 |
Millennium Management
New York
|
-$3.54M |
| 4 |
MCM
Maltese Capital Management
New York
|
-$2.64M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$2.28M |
PFBC Hedge Fund Activity: Q3 2019 in Review
136 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q3 2019, worth a combined $609M — up 10% from $552M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of PFBC and 12 opened new positions — a net loss of 1 holder — while 49 trimmed existing stakes and 50 added.
The largest buyer was Bank of Montreal, adding an estimated $2.86M. The largest seller was Nuveen, cutting an estimated $4.66M.
- 136 institutional investors held Preferred Bank (PFBC) as of Q3 2019, down from 137 in Q2 2019.
- Funds reported $609M of Preferred Bank stock for Q3 2019, up 10% quarter-over-quarter.
- 12 funds opened new Preferred Bank positions in Q3 2019 and 13 closed out, a net change of -1 holder.
- The largest Preferred Bank buyer in Q3 2019 was Bank of Montreal, an estimated $2.86M added.
- The largest Preferred Bank seller in Q3 2019 was Nuveen, an estimated $4.66M sold.
Based on aggregated 13F filings for Q3 2019.