Preferred Bank
PFBC
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.
0% more funds holding
Funds holding: 75 → 75 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$4.05M |
| 2 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
+$1.11M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$446K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$267K |
| 5 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$251K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$2.18M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$727K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$448K |
| 4 |
Goldman Sachs
New York
|
-$431K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$360K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
HighTower Advisors
Chicago,
Illinois
| – | -$448K | -17,259 | Closed |
|
|
77
Goldman Sachs
New York
| – | -$431K | -16,612 | Closed |
|
|
TC
78
TFS Capital
West Chester,
Pennsylvania
| – | -$360K | -13,859 | Closed |
|
|
CS
79
Credit Suisse
Zurich,
Switzerland
| – | -$323K | -12,431 | Closed |
|
80
ProShare Advisors
Bethesda,
Maryland
| – | -$306K | -11,784 | Closed |
|
|
GC
81
Guggenheim Capital
Chicago,
Illinois
| – | -$206K | -7,932 | Closed |
|
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.