Preferred Bank
PFBC
99 hedge funds and large institutions have $234M invested in Preferred Bank in 2016 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 37 increasing their positions, 31 reducing their positions, and 11 closing their positions.
36% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 11
19% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 31
4% more funds holding
Funds holding: 95 → 99 (+4)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
7% less capital invested
Capital invested by funds: $252M → $234M (-$18.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$6.94M |
| 2 |
MCM
Maltese Capital Management
New York
|
+$1.49M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.36M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$988K |
| 5 |
CIA
Capital Impact Advisors
Boston,
Massachusetts
|
+$939K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$4.05M |
| 2 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$1.61M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.58M |
| 4 |
EI
EAM Investors
Solana Beach,
California
|
-$1.33M |
| 5 |
Morgan Stanley
New York
|
-$1.14M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
American Century Companies
Kansas City,
Missouri
| – | -$673K | -20,388 | Closed |
|
|
CMANY
102
Capital Management Associates (New York)
New York
| – | -$611K | -18,500 | Closed |
|
|
RCM
103
Rotella Capital Management
Bellevue,
Washington
| – | -$479K | -14,521 | Closed |
|
|
CS
104
Credit Suisse
Zurich,
Switzerland
| – | -$453K | -13,711 | Closed |
|
|
DTL
105
Dynamic Technology Lab
Singapore
| – | -$431K | -13,049 | Closed |
|
|
GCP
106
GSA Capital Partners
London,
United Kingdom
| – | -$348K | -10,548 | Closed |
|
|
SLG
107
Stanley-Laman Group
Berwyn,
Pennsylvania
| – | -$246K | -7,462 | Closed |
|
108
Citadel Advisors
Miami,
Florida
| – | -$86K | -2,619 | Closed |
|
109
BNP Paribas Financial Markets
Paris,
France
| – | -$72.5K | -2,196 | Closed |
|
110
UBS Group
Zurich,
Switzerland
| – | -$36K | -1,089 | Closed |
|
PFBC Hedge Fund Activity: Q1 2016 in Review
99 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q1 2016, worth a combined $234M — down 7.2% from $252M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new PFBC positions and 11 closed out — a net gain of 4 holders — while 37 added to existing stakes and 31 trimmed.
The largest buyer was Fidelity Investments, opening a new position worth an estimated $6.94M. The largest seller was THB Asset Management, cutting an estimated $4.05M.
- 99 institutional investors held Preferred Bank (PFBC) as of Q1 2016, up from 95 in Q4 2015.
- Funds reported $234M of Preferred Bank stock for Q1 2016, down 7.2% quarter-over-quarter.
- 15 funds opened new Preferred Bank positions in Q1 2016 and 11 closed out, a net change of +4 holders.
- The largest Preferred Bank buyer in Q1 2016 was Fidelity Investments, an estimated $6.94M added.
- The largest Preferred Bank seller in Q1 2016 was THB Asset Management, an estimated $4.05M sold.
Based on aggregated 13F filings for Q1 2016.