Preferred Bank
PFBC
107 hedge funds and large institutions have $313M invested in Preferred Bank in 2016 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 51 increasing their positions, 27 reducing their positions, and 9 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 27
56% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 9
37% more capital invested
Capital invested by funds: $229M → $313M (+$83.8M)
5% more funds holding
Funds holding: 102 → 107 (+5)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
+$7.77M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$4.08M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$3.8M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$3.17M |
| 5 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
+$2.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$2.21M |
| 2 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$1.82M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.43M |
| 4 |
Renaissance Technologies
New York
|
-$1.32M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$902K |
PFBC Hedge Fund Activity: Q3 2016 in Review
107 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q3 2016, worth a combined $313M — up 37% from $229M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PFBC positions and 9 closed out — a net gain of 5 holders — while 51 added to existing stakes and 27 trimmed.
The largest buyer was Nuveen, opening a new position worth an estimated $7.77M. The largest seller was Basswood Capital Management, cutting an estimated $2.21M.
- 107 institutional investors held Preferred Bank (PFBC) as of Q3 2016, up from 102 in Q2 2016.
- Funds reported $313M of Preferred Bank stock for Q3 2016, up 37% quarter-over-quarter.
- 14 funds opened new Preferred Bank positions in Q3 2016 and 9 closed out, a net change of +5 holders.
- The largest Preferred Bank buyer in Q3 2016 was Nuveen, an estimated $7.77M added.
- The largest Preferred Bank seller in Q3 2016 was Basswood Capital Management, an estimated $2.21M sold.
Based on aggregated 13F filings for Q3 2016.