Preferred Bank
PFBC
134 hedge funds and large institutions have $707M invested in Preferred Bank in 2019 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 52 increasing their positions, 50 reducing their positions, and 13 closing their positions.
16% more capital invested
Capital invested by funds: $609M → $707M (+$97.6M)
4% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 50
0% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 13
0.24% less ownership
Funds ownership: 88.19% → 87.95% (-0.24%)
1% less funds holding
Funds holding: 136 → 134 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
+$12.7M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.98M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$2.72M |
| 4 |
California Public Employees Retirement System
Sacramento,
California
|
+$2.34M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$2.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFC
Phocas Financial Corp
Alameda,
California
|
-$9.84M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$4.8M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
-$2.48M |
| 4 |
CEP
Chicago Equity Partners
Chicago,
Illinois
|
-$2.39M |
| 5 |
MSL
Mackay Shields LLC
New York
|
-$1.92M |
PFBC Hedge Fund Activity: Q4 2019 in Review
134 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q4 2019, worth a combined $707M — up 16% from $609M a quarter earlier.
Fund positioning in PFBC was balanced in Q4 2019: 13 funds opened new positions, 13 closed out, 52 added to existing stakes and 50 trimmed.
The largest buyer was Principal Financial Group, adding an estimated $12.7M. The largest seller was Phocas Financial Corp, exiting entirely with an estimated $9.84M sold.
- 134 institutional investors held Preferred Bank (PFBC) as of Q4 2019, down from 136 in Q3 2019.
- Funds reported $707M of Preferred Bank stock for Q4 2019, up 16% quarter-over-quarter.
- 13 funds opened new Preferred Bank positions in Q4 2019 and 13 closed out, a net change of 0 holders.
- The largest Preferred Bank buyer in Q4 2019 was Principal Financial Group, an estimated $12.7M added.
- The largest Preferred Bank seller in Q4 2019 was Phocas Financial Corp, an estimated $9.84M sold.
Based on aggregated 13F filings for Q4 2019.