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Preferred Bank

168 hedge funds and large institutions have $595M invested in Preferred Bank in 2023 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 62 increasing their positions, 59 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 59

3% less capital invested

Capital invested by funds: $612M → $595M (-$17.4M)

2.56% less ownership

Funds ownership: 75.08%72.51% (-2.6%)

3% less funds holding

Funds holding: 174168 (-6)

21% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 29

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

82% less call options, than puts

Call options by funds: $54K | Put options by funds: $297K

Holders
168
Holders Change
-6
Holders Change %
-3.45%
% of All Funds
2.64%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
23
Increased
62
Reduced
59
Closed
29
Calls
$54K
Puts
$297K
Net Calls
-$243K
Net Calls Change
-$270K
Name Holding Trade Value Shares
Change
Change in
Stake
BGIM
51
Brandywine Global Investment Management
Pennsylvania
$1.14M
WCM
52
Wedge Capital Management
North Carolina
$1.13M +$1.04M +20,601 New
GC
53
Guggenheim Capital
Illinois
$1.11M +$454K +9,018 +80%
ZIM
54
Zacks Investment Management
Illinois
$1.11M +$23.6K +469 +2%
DA
55
Denali Advisors
California
$1.08M +$468K +9,300 +89%
Franklin Resources
56
Franklin Resources
California
$1.07M +$981K +19,508 New
Thrivent Financial for Lutherans
57
Thrivent Financial for Lutherans
Minnesota
$1.05M -$47.6K -947 -5%
CIC
58
Cornercap Investment Counsel
Georgia
$1.02M +$127K +2,517 +16%
RA
59
Royce & Associates
New York
$947K +$514K +10,217 +146%
Rafferty Asset Management
60
Rafferty Asset Management
New York
$920K +$217K +4,323 +35%
California State Teachers Retirement System (CalSTRS)
61
California State Teachers Retirement System (CalSTRS)
California
$890K -$80.7K -1,605 -9%
Prudential Financial
62
Prudential Financial
New Jersey
$887K +$169K +3,368 +26%
VI
63
Versor Investments
New York
$861K +$194K +3,854 +33%
ETC
64
Exchange Traded Concepts
Oklahoma
$841K +$322K +6,405 +72%
Balyasny Asset Management
65
Balyasny Asset Management
Illinois
$823K +$206K +4,086 +38%
COPPSERS
66
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$821K +$47.5K +945 +7%
AllianceBernstein
67
AllianceBernstein
Tennessee
$800K
CAM
68
ClariVest Asset Management
California
$757K +$125K +2,491 +22%
New York State Teachers Retirement System (NYSTRS)
69
New York State Teachers Retirement System (NYSTRS)
New York
$746K
WG
70
Winton Group
United Kingdom
$739K -$287K -5,702 -30%
GCP
71
GSA Capital Partners
United Kingdom
$738K +$675K +13,412 New
DIA
72
Dana Investment Advisors
Wisconsin
$736K +$60.6K +1,205 +10%
UBS AM
73
UBS AM
Illinois
$704K
Russell Investments Group
74
Russell Investments Group
United Kingdom
$648K
Canada Life
75
Canada Life
Manitoba, Canada
$642K -$35.7K -710 -6%

PFBC Hedge Fund Activity: Q2 2023 in Review

168 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q2 2023, worth a combined $595M — down 2.8% from $612M a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of PFBC and 23 opened new positions — a net loss of 6 holders — while 59 trimmed existing stakes and 62 added.

The largest buyer was T. Rowe Price Investment Management, adding an estimated $14.9M. The largest seller was Fidelity Investments, cutting an estimated $23.5M.

  • 168 institutional investors held Preferred Bank (PFBC) as of Q2 2023, down from 174 in Q1 2023.
  • Funds reported $595M of Preferred Bank stock for Q2 2023, down 2.8% quarter-over-quarter.
  • 23 funds opened new Preferred Bank positions in Q2 2023 and 29 closed out, a net change of -6 holders.
  • The largest Preferred Bank buyer in Q2 2023 was T. Rowe Price Investment Management, an estimated $14.9M added.
  • The largest Preferred Bank seller in Q2 2023 was Fidelity Investments, an estimated $23.5M sold.

Based on aggregated 13F filings for Q2 2023.