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Preferred Bank

PFBC

Market cap $1.23B

119 hedge funds and large institutions have $399M invested in Preferred Bank in 2020 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 46 increasing their positions, 39 reducing their positions, and 25 closing their positions.

New

Increased

Maintained

Reduced

Closed

18% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 39

8.97% less ownership

Funds ownership: 87.95% → 78.98% (-9%)

11% less funds holding

Funds holding: 134 → 119 (-15)

44% less capital invested

Capital invested by funds: $707M → $399M (-$308M)

52% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 25

Holders

119

Holders Change

-15

Holders Change %

-11.19%

% of All Funds

2.62%

Holding in Top 10

–

Holding in Top 10 Change

–

Holding in Top 10 Change %

–

% of All Funds

–

New

Increased

Reduced

Closed

Calls

–

Puts

–

Net Calls

–

Net Calls Change

–

Top Buyers

Rank	Fund	Capital Flow
1	Fidelity Investments Boston, Massachusetts	+$13.4M
2	Principal Financial Group Des Moines, Iowa	+$12.2M
3	Invesco Atlanta, Georgia	+$11.2M
4	PFC Phocas Financial Corp Alameda, California	+$7.86M
5	Victory Capital Management San Antonio, Texas	+$2.95M

Top Sellers

Rank	Fund	Capital Flow
1	N Nuveen Charlotte, North Carolina	-$5.91M
2	SCA Stieven Capital Advisors St. Louis, Missouri	-$5.7M
3	BlackRock New York	-$4.9M
4	Boston Partners Boston, Massachusetts	-$4.37M
5	PI Putnam Investments Boston, Massachusetts	-$3.75M

#	Name	Holding	Trade Value	Shares Change	Change in Stake
76	76 SEI Investments Oaks, Pennsylvania	$254K	+$393K	+7,517	New
77	77 First Trust Advisors Wheaton, Illinois	$245K	-$58.9K	-1,126	-13%
78	78 VOYA Investment Management Atlanta, Georgia	$245K	-$576	-11	-0.2%
79	COPPSERS 79 Commonwealth of Pennsylvania Public School Employees Retirement System Harrisburg, Pennsylvania	$232K	+$117K	+2,233	+48%
80	80 State of Tennessee, Department of Treasury Nashville, Tennessee	$226K	+$104K	+1,996	+43%
81	AA 81 ALPS Advisors Denver, Colorado	$224K	+$1.94K	+37	+0.6%
82	MIM 82 MetLife Investment Management Whippany, New Jersey	$222K	–	–	–
83	83 Citigroup New York	$212K	-$548K	-10,479	-63%
84	IA 84 IndexIQ Advisors New York	$191K	+$296K	+5,655	New
85	OPERF 85 Oregon Public Employees Retirement Fund Tigard, Oregon	$189K	–	–	–
86	86 BNP Paribas Financial Markets Paris, France	$187K	+$127K	+2,426	+78%
87	MSA 87 Mason Street Advisors Milwaukee, Wisconsin	$160K	–	–	–
88	88 Deutsche Bank Frankfurt Am Main Ge, Germany	$156K	-$14K	-267	-5%
89	MLICM 89 Metropolitan Life Insurance Company (MetLife) New York	$151K	–	–	–
90	TRSOTSOK 90 Teachers Retirement System of the State of Kentucky Frankfort, Kentucky	$145K	–	–	–
91	91 US Bancorp Minneapolis, Minnesota	$134K	-$24.4K	-467	-11%
92	SGAM 92 Smith Group Asset Management Dallas, Texas	$121K	+$187K	+3,570	New
93	93 KBC Group Brussels, Belgium	$95K	-$907K	-17,339	-86%
94	MOACM 94 Mutual of America Capital Management New York	$80K	+$4.55K	+87	+4%
95	LIA 95 LS Investment Advisors Bloomfield Hills, Michigan	$65K	–	–	–
96	FDCDDQ 96 Federation des caisses Desjardins du Quebec Levis, Quebec, Canada	$61.6K	–	–	–
97	AAM 97 Advisors Asset Management Monument, Colorado	$51K	-$44.1K	-842	-36%
98	AIP 98 Ameritas Investment Partners Lincoln, Nebraska	$42K	–	–	–
99	99 Zurich Cantonal Bank Zurich, Switzerland	$40K	–	–	–
100	PAM 100 Panagora Asset Management Boston, Massachusetts	$27K	–	–	–

PFBC Hedge Fund Activity: Q1 2020 in Review

119 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q1 2020, worth a combined $399M — down 44% from $707M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of PFBC and 12 opened new positions — a net loss of 13 holders — while 39 trimmed existing stakes and 46 added.

The largest buyer was Fidelity Investments, adding an estimated $13.4M. The largest seller was Nuveen, cutting an estimated $5.91M.

119 institutional investors held Preferred Bank (PFBC) as of Q1 2020, down from 134 in Q4 2019.
Funds reported $399M of Preferred Bank stock for Q1 2020, down 44% quarter-over-quarter.
12 funds opened new Preferred Bank positions in Q1 2020 and 25 closed out, a net change of -13 holders.
The largest Preferred Bank buyer in Q1 2020 was Fidelity Investments, an estimated $13.4M added.
The largest Preferred Bank seller in Q1 2020 was Nuveen, an estimated $5.91M sold.

Based on aggregated 13F filings for Q1 2020.

Preferred Bank PFBC Market cap $1.23B