Preferred Bank
PFBC
79 hedge funds and large institutions have $200M invested in Preferred Bank in 2015 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 31 increasing their positions, 24 reducing their positions, and 5 closing their positions.
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
29% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 24
3% more funds holding
Funds holding: 77 → 79 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% less capital invested
Capital invested by funds: $200M → $200M (-$7.45K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
+$1.5M |
| 2 |
MCM
Maltese Capital Management
New York
|
+$1.26M |
| 3 |
JP Morgan Chase
New York
|
+$1.08M |
| 4 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$856K |
| 5 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$567K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
-$1.33M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.12M |
| 3 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$605K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$566K |
| 5 |
BCM
Basswood Capital Management
New York
|
-$369K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Royal Bank of Canada
Toronto,
Ontario, Canada
| $7K | +$6.78K | +250 | New |
|
|
PCM
77
Prelude Capital Management
New York
| $3K | -$38K | -1,400 | -93% |
|
78
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $1K | – | – | – |
|
79
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $224 | -$11.2K | -414 | -5% |
|
|
80
Stifel Financial
St. Louis,
Missouri
| – | -$1.33M | -47,699 | Closed |
|
|
TC
81
TFS Capital
West Chester,
Pennsylvania
| – | -$566K | -20,288 | Closed |
|
82
First Trust Advisors
Wheaton,
Illinois
| – | -$248K | -8,893 | Closed |
|
83
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$204K | -7,320 | Closed |
|
84
UBS Group
Zurich,
Switzerland
| – | -$18K | -660 | Closed |
|
PFBC Hedge Fund Activity: Q1 2015 in Review
79 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q1 2015, worth a combined $200M — down 0% from $200M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new PFBC positions and 5 closed out — a net gain of 2 holders — while 31 added to existing stakes and 24 trimmed.
The largest buyer was Prudential Financial, adding an estimated $1.5M. The largest seller was Stifel Financial, exiting entirely with an estimated $1.33M sold.
- 79 institutional investors held Preferred Bank (PFBC) as of Q1 2015, up from 77 in Q4 2014.
- Funds reported $200M of Preferred Bank stock for Q1 2015, down 0% quarter-over-quarter.
- 7 funds opened new Preferred Bank positions in Q1 2015 and 5 closed out, a net change of +2 holders.
- The largest Preferred Bank buyer in Q1 2015 was Prudential Financial, an estimated $1.5M added.
- The largest Preferred Bank seller in Q1 2015 was Stifel Financial, an estimated $1.33M sold.
Based on aggregated 13F filings for Q1 2015.