Preferred Bank
PFBC
119 hedge funds and large institutions have $399M invested in Preferred Bank in 2020 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 46 increasing their positions, 39 reducing their positions, and 25 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 39
8.97% less ownership
Funds ownership: 87.95% → 78.98% (-9%)
11% less funds holding
Funds holding: 134 → 119 (-15)
44% less capital invested
Capital invested by funds: $707M → $399M (-$308M)
52% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$13.4M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$12.2M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$11.2M |
| 4 |
PFC
Phocas Financial Corp
Alameda,
California
|
+$7.86M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$2.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
-$5.91M |
| 2 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$5.7M |
| 3 |
BlackRock
New York
|
-$4.9M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$4.37M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$3.75M |
PFBC Hedge Fund Activity: Q1 2020 in Review
119 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q1 2020, worth a combined $399M — down 44% from $707M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of PFBC and 12 opened new positions — a net loss of 13 holders — while 39 trimmed existing stakes and 46 added.
The largest buyer was Fidelity Investments, adding an estimated $13.4M. The largest seller was Nuveen, cutting an estimated $5.91M.
- 119 institutional investors held Preferred Bank (PFBC) as of Q1 2020, down from 134 in Q4 2019.
- Funds reported $399M of Preferred Bank stock for Q1 2020, down 44% quarter-over-quarter.
- 12 funds opened new Preferred Bank positions in Q1 2020 and 25 closed out, a net change of -13 holders.
- The largest Preferred Bank buyer in Q1 2020 was Fidelity Investments, an estimated $13.4M added.
- The largest Preferred Bank seller in Q1 2020 was Nuveen, an estimated $5.91M sold.
Based on aggregated 13F filings for Q1 2020.