Preferred Bank
PFBC
195 hedge funds and large institutions have $812M invested in Preferred Bank in 2024 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 56 increasing their positions, 85 reducing their positions, and 19 closing their positions.
16% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 19
4% more capital invested
Capital invested by funds: $783M → $812M (+$29.1M)
0.1% more ownership
Funds ownership: 71.9% → 72% (+0.1%)
0% more funds holding
Funds holding: 195 → 195 (0)
34% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 85
82% less call options, than puts
Call options by funds: $77K | Put options by funds: $430K
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
+$21.6M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$14.9M |
| 3 |
DIA
Dana Investment Advisors
Waukesha,
Wisconsin
|
+$5.96M |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
+$5.61M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$3.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$16.1M |
| 2 |
Millennium Management
New York
|
-$13.9M |
| 3 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$3.65M |
| 4 |
AG
Algert Global
San Francisco,
California
|
-$2.91M |
| 5 |
Renaissance Technologies
New York
|
-$2.68M |
PFBC Hedge Fund Activity: Q1 2024 in Review
195 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q1 2024, worth a combined $812M — up 3.7% from $783M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new PFBC positions and 19 closed out — a net gain of 3 holders — while 56 added to existing stakes and 85 trimmed.
The largest buyer was Charles Schwab, adding an estimated $21.6M. The largest seller was Morgan Stanley, cutting an estimated $16.1M.
- 195 institutional investors held Preferred Bank (PFBC) as of Q1 2024, unchanged from Q4 2023.
- Funds reported $812M of Preferred Bank stock for Q1 2024, up 3.7% quarter-over-quarter.
- 22 funds opened new Preferred Bank positions in Q1 2024 and 19 closed out, a net change of +3 holders.
- The largest Preferred Bank buyer in Q1 2024 was Charles Schwab, an estimated $21.6M added.
- The largest Preferred Bank seller in Q1 2024 was Morgan Stanley, an estimated $16.1M sold.
Based on aggregated 13F filings for Q1 2024.