Preferred Bank

PFBC

Market cap $1.27B

PFBC Hedge Fund Activity: Q1 2023 in Review

174 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q1 2023, worth a combined $612M — down 22% from $787M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of PFBC and 22 opened new positions — a net loss of 2 holders — while 66 trimmed existing stakes and 66 added.

The largest buyer was State Street, adding an estimated $6.4M. The largest seller was Philadelphia Financial Management of San Francisco, exiting entirely with an estimated $14.9M sold.

• 174 institutional investors held Preferred Bank (PFBC) as of Q1 2023, down from 177 in Q4 2022.
• Funds reported $612M of Preferred Bank stock for Q1 2023, down 22% quarter-over-quarter.
• 22 funds opened new Preferred Bank positions in Q1 2023 and 24 closed out, a net change of -2 holders.
• The largest Preferred Bank buyer in Q1 2023 was State Street, an estimated $6.4M added.
• The largest Preferred Bank seller in Q1 2023 was Philadelphia Financial Management of San Francisco, an estimated $14.9M sold.

Based on aggregated 13F filings for Q1 2023.