Preferred Bank
PFBC
86 hedge funds and large institutions have $222M invested in Preferred Bank in 2015 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 39 increasing their positions, 26 reducing their positions, and 2 closing their positions.
350% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 2
50% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 26
11% more capital invested
Capital invested by funds: $200M → $222M (+$21.8M)
9% more funds holding
Funds holding: 79 → 86 (+7)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
+$1.93M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$1.59M |
| 3 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$1.11M |
| 4 |
Renaissance Technologies
New York
|
+$1.07M |
| 5 |
MCM
Maltese Capital Management
New York
|
+$726K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$2.76M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.53M |
| 3 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$812K |
| 4 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$771K |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$595K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
New York State Teachers Retirement System (NYSTRS)
Albany,
New York
| $30K | +$28.6K | +1,000 | New |
|
77
BNP Paribas Financial Markets
Paris,
France
| $29.2K | +$19.8K | +692 | +248% |
|
|
LTFS
78
Ladenburg Thalmann Financial Services
Miami,
Florida
| $23K | – | – | – |
|
79
Bank of America
Charlotte,
North Carolina
| $17K | +$5.49K | +192 | +50% |
|
|
TRCT
80
Tower Research Capital (TRC)
New York
| $11K | -$6.17K | -216 | -37% |
|
81
BlackRock
New York
| $11K | – | – | – |
|
82
Barclays
London,
United Kingdom
| $7K | -$20.8K | -727 | -77% |
|
83
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $3K | +$1.14K | +40 | +75% |
|
|
AGM
84
Alpine Global Management
New York
| $1K | +$800 | +28 | New |
|
85
Fiera Capital (Canada)
Montreal,
Quebec, Canada
| $361 | -$57.2K | -2,000 | -14% |
|
86
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $277 | +$30.1K | +1,052 | +13% |
|
|
CCMH
87
Cornerstone Capital Management Holdings
New York
| – | -$22K | -799 | Closed |
|
|
PCM
88
Prelude Capital Management
New York
| – | -$3K | -100 | Closed |
|
PFBC Hedge Fund Activity: Q2 2015 in Review
86 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q2 2015, worth a combined $222M — up 11% from $200M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PFBC positions and 2 closed out — a net gain of 7 holders — while 39 added to existing stakes and 26 trimmed.
The largest buyer was Allianz Asset Management, opening a new position worth an estimated $1.93M. The largest seller was Basswood Capital Management, cutting an estimated $2.76M.
- 86 institutional investors held Preferred Bank (PFBC) as of Q2 2015, up from 79 in Q1 2015.
- Funds reported $222M of Preferred Bank stock for Q2 2015, up 11% quarter-over-quarter.
- 9 funds opened new Preferred Bank positions in Q2 2015 and 2 closed out, a net change of +7 holders.
- The largest Preferred Bank buyer in Q2 2015 was Allianz Asset Management, an estimated $1.93M added.
- The largest Preferred Bank seller in Q2 2015 was Basswood Capital Management, an estimated $2.76M sold.
Based on aggregated 13F filings for Q2 2015.