Preferred Bank
PFBC
77 hedge funds and large institutions have $200M invested in Preferred Bank in 2014 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 31 increasing their positions, 21 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
48% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 21
28% more capital invested
Capital invested by funds: $157M → $200M (+$43.5M)
10% more funds holding
Funds holding: 70 → 77 (+7)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$1.22M |
| 2 |
Charles Schwab
San Francisco,
California
|
+$1.2M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.03M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$991K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$813K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $1K | – | – | – |
|
77
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $239 | -$13.4K | -527 | -6% |
|
|
MERSOM
78
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
| – | -$408K | -18,100 | Closed |
|
79
AQR Capital Management
Greenwich,
Connecticut
| – | -$294K | -13,052 | Closed |
|
|
AIU
80
Algebris Investments (UK)
London,
United Kingdom
| – | -$203K | -9,000 | Closed |
|
81
BNP Paribas Financial Markets
Paris,
France
| – | -$17.4K | -771 | Closed |
|
PFBC Hedge Fund Activity: Q4 2014 in Review
77 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q4 2014, worth a combined $200M — up 28% from $157M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PFBC positions and 4 closed out — a net gain of 7 holders — while 31 added to existing stakes and 21 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $1.22M. The largest seller was AllianceBernstein, cutting an estimated $912K.
- 77 institutional investors held Preferred Bank (PFBC) as of Q4 2014, up from 70 in Q3 2014.
- Funds reported $200M of Preferred Bank stock for Q4 2014, up 28% quarter-over-quarter.
- 11 funds opened new Preferred Bank positions in Q4 2014 and 4 closed out, a net change of +7 holders.
- The largest Preferred Bank buyer in Q4 2014 was T. Rowe Price Associates, an estimated $1.22M added.
- The largest Preferred Bank seller in Q4 2014 was AllianceBernstein, an estimated $912K sold.
Based on aggregated 13F filings for Q4 2014.