Preferred Bank
PFBC
102 hedge funds and large institutions have $229M invested in Preferred Bank in 2016 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 41 increasing their positions, 35 reducing their positions, and 7 closing their positions.
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
17% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 35
3% more funds holding
Funds holding: 99 → 102 (+3)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less capital invested
Capital invested by funds: $234M → $229M (-$4.52M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.41M |
| 2 |
BCM
BHZ Capital Management
San Jose,
California
|
+$1.25M |
| 3 |
MCM
Maltese Capital Management
New York
|
+$1.22M |
| 4 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$1.05M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$807K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$2.54M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.27M |
| 3 |
EI
EAM Investors
Solana Beach,
California
|
-$1.01M |
| 4 |
Millennium Management
New York
|
-$460K |
| 5 |
BC
Burney Company
Reston,
Virginia
|
-$397K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Loomis, Sayles & Company
Boston,
Massachusetts
| $2K | -$3.92K | -126 | -62% |
|
|
EI
102
EAM Investors
Solana Beach,
California
| – | -$1.01M | -33,499 | Closed |
|
|
BC
103
Burney Company
Reston,
Virginia
| – | -$397K | -13,125 | Closed |
|
|
HIM
104
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$393K | -12,990 | Closed |
|
|
MERSOM
105
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
| – | -$142K | -4,700 | Closed |
|
106
Axa
Paris,
France
| – | -$45K | -1,500 | Closed |
|
107
Barclays
London,
United Kingdom
| – | -$41K | -1,363 | Closed |
|
108
Acadian Asset Management
Boston,
Massachusetts
| – | -$21K | -703 | Closed |
|
|
AG
109
Advisor Group
Phoenix,
Arizona
| – | +$685 | +22 | New |
|
PFBC Hedge Fund Activity: Q2 2016 in Review
102 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q2 2016, worth a combined $229M — down 1.9% from $234M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PFBC positions and 7 closed out — a net gain of 4 holders — while 41 added to existing stakes and 35 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $3.41M. The largest seller was Basswood Capital Management, cutting an estimated $2.54M.
- 102 institutional investors held Preferred Bank (PFBC) as of Q2 2016, up from 99 in Q1 2016.
- Funds reported $229M of Preferred Bank stock for Q2 2016, down 1.9% quarter-over-quarter.
- 11 funds opened new Preferred Bank positions in Q2 2016 and 7 closed out, a net change of +4 holders.
- The largest Preferred Bank buyer in Q2 2016 was Fidelity Investments, an estimated $3.41M added.
- The largest Preferred Bank seller in Q2 2016 was Basswood Capital Management, an estimated $2.54M sold.
Based on aggregated 13F filings for Q2 2016.