Preferred Bank
PFBC
128 hedge funds and large institutions have $498M invested in Preferred Bank in 2016 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 52 increasing their positions, 38 reducing their positions, and 6 closing their positions.
432% more call options, than puts
Call options by funds: $3.96M | Put options by funds: $744K
383% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 6
72.03% more ownership
Funds ownership: 0% → 72.03% (+72%)
59% more capital invested
Capital invested by funds: $313M → $498M (+$185M)
37% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 38
20% more funds holding
Funds holding: 107 → 128 (+21)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$5.55M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$4.94M |
| 3 |
EI
EAM Investors
Solana Beach,
California
|
+$3.7M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$3.27M |
| 5 |
BA
Boston Advisors
Boston,
Massachusetts
|
+$2.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$9.11M |
| 2 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
-$6.51M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.49M |
| 4 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$2.78M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
126
Ladenburg Thalmann Financial Services
Miami,
Florida
| $4K | +$3.39K | +80 | New |
|
|
MFS
127
MSI Financial Services
Springfield,
Massachusetts
| $3K | +$2.12K | +50 | +1,000% |
|
128
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $1K | +$466 | +11 | New |
|
129
Arrowstreet Capital
Boston,
Massachusetts
| – | -$772K | -21,598 | Closed |
|
|
DC
130
Deere & Company
Moline,
Illinois
| – | -$458K | -12,801 | Closed |
|
|
DTL
131
Dynamic Technology Lab
Singapore
| – | -$266K | -7,440 | Closed |
|
|
PCM
132
Palouse Capital Management
Spokane,
Washington
| – | -$248K | -6,948 | Closed |
|
|
BGIM
133
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
| – | -$145K | -4,050 | Closed |
|
134
Acadian Asset Management
Boston,
Massachusetts
| – | -$6K | -154 | Closed |
|
PFBC Hedge Fund Activity: Q4 2016 in Review
128 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q4 2016, worth a combined $498M — up 59% from $313M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new PFBC positions and 6 closed out — a net gain of 23 holders — while 52 added to existing stakes and 38 trimmed.
The largest buyer was Driehaus Capital Management, opening a new position worth an estimated $5.55M. The largest seller was Basswood Capital Management, cutting an estimated $9.11M.
- 128 institutional investors held Preferred Bank (PFBC) as of Q4 2016, up from 107 in Q3 2016.
- Funds reported $498M of Preferred Bank stock for Q4 2016, up 59% quarter-over-quarter.
- 29 funds opened new Preferred Bank positions in Q4 2016 and 6 closed out, a net change of +23 holders.
- The largest Preferred Bank buyer in Q4 2016 was Driehaus Capital Management, an estimated $5.55M added.
- The largest Preferred Bank seller in Q4 2016 was Basswood Capital Management, an estimated $9.11M sold.
Based on aggregated 13F filings for Q4 2016.