Preferred Bank
PFBC
126 hedge funds and large institutions have $500M invested in Preferred Bank in 2020 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 43 increasing their positions, 46 reducing their positions, and 8 closing their positions.
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
26% more capital invested
Capital invested by funds: $399M → $500M (+$102M)
6% more funds holding
Funds holding: 119 → 126 (+7)
0.48% less ownership
Funds ownership: 78.98% → 78.5% (-0.48%)
7% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 46
82% less call options, than puts
Call options by funds: $206K | Put options by funds: $1.12M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$7.71M |
| 2 |
BlackRock
New York
|
+$3.21M |
| 3 |
WG
Winton Group
London,
United Kingdom
|
+$2.48M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$1.82M |
| 5 |
PFM
Premier Fund Managers
Guildford,
United Kingdom
|
+$1.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$8.6M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$7.64M |
| 3 |
MCM
Matarin Capital Management
New York
|
-$2.18M |
| 4 |
Renaissance Technologies
New York
|
-$1.99M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$1.62M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FDCDDQ
126
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$61.6K | -1,800 | Closed |
|
|
PFBT
127
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| – | -$14.2K | -387 | -97% |
|
128
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$1K | -27 | Closed |
|
|
ASN
129
Advisory Services Network
Atlanta,
Georgia
| – | -$1K | -20 | Closed |
|
|
FAM
130
Fred Alger Management
New York
| – | -$1K | -20 | Closed |
|
|
FGAM
131
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$631 | -19 | Closed |
|
|
MAM
132
Meeder Asset Management
Dublin,
Ohio
| – | -$294 | -8 | -80% |
|
|
OPS
133
Orion Portfolio Solutions
Omaha,
Nebraska
| – | -$294 | -8 | -80% |
|
PFBC Hedge Fund Activity: Q2 2020 in Review
126 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q2 2020, worth a combined $500M — up 26% from $399M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new PFBC positions and 8 closed out — a net gain of 7 holders — while 43 added to existing stakes and 46 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $7.71M. The largest seller was Invesco, cutting an estimated $8.6M.
- 126 institutional investors held Preferred Bank (PFBC) as of Q2 2020, up from 119 in Q1 2020.
- Funds reported $500M of Preferred Bank stock for Q2 2020, up 26% quarter-over-quarter.
- 15 funds opened new Preferred Bank positions in Q2 2020 and 8 closed out, a net change of +7 holders.
- The largest Preferred Bank buyer in Q2 2020 was Fidelity Investments, an estimated $7.71M added.
- The largest Preferred Bank seller in Q2 2020 was Invesco, an estimated $8.6M sold.
Based on aggregated 13F filings for Q2 2020.