Preferred Bank
PFBC
118 hedge funds and large institutions have $369M invested in Preferred Bank in 2020 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 34 increasing their positions, 54 reducing their positions, and 16 closing their positions.
1.44% less ownership
Funds ownership: 78.5% → 77.06% (-1.4%)
6% less funds holding
Funds holding: 126 → 118 (-8)
26% less capital invested
Capital invested by funds: $500M → $369M (-$132M)
37% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 54
44% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 16
63% less call options, than puts
Call options by funds: $321K | Put options by funds: $857K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.2M |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$2.09M |
| 3 |
ZIM
Zacks Investment Management
Chicago,
Illinois
|
+$871K |
| 4 |
Goldman Sachs
New York
|
+$825K |
| 5 |
PFC
Phocas Financial Corp
Alameda,
California
|
+$816K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WG
Winton Group
London,
United Kingdom
|
-$2.57M |
| 2 |
BlackRock
New York
|
-$2.38M |
| 3 |
CCM
Cadence Capital Management
Boston,
Massachusetts
|
-$1.74M |
| 4 |
Renaissance Technologies
New York
|
-$1.3M |
| 5 |
RC
Roubaix Capital
Denver,
Colorado
|
-$1.22M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Simplex Trading
Chicago,
Illinois
| – | -$46.3K | -1,240 | Closed |
|
|
SWA
127
Sutton Wealth Advisors
Tampa,
Florida
| – | -$5.27K | -123 | Closed |
|
|
SIM
128
Sonora Investment Management
Tucson,
Arizona
| – | -$3K | -70 | Closed |
|
|
PA
129
Procyon Advisors
Shelton,
Connecticut
| – | -$1K | -17 | Closed |
|
|
FFA
130
Founders Financial Alliance
Raleigh,
North Carolina
| – | +$710 | +19 | New |
|
PFBC Hedge Fund Activity: Q3 2020 in Review
118 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q3 2020, worth a combined $369M — down 26% from $500M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of PFBC and 9 opened new positions — a net loss of 7 holders — while 54 trimmed existing stakes and 34 added.
The largest buyer was Fidelity Investments, adding an estimated $3.2M. The largest seller was Winton Group, cutting an estimated $2.57M.
- 118 institutional investors held Preferred Bank (PFBC) as of Q3 2020, down from 126 in Q2 2020.
- Funds reported $369M of Preferred Bank stock for Q3 2020, down 26% quarter-over-quarter.
- 9 funds opened new Preferred Bank positions in Q3 2020 and 16 closed out, a net change of -7 holders.
- The largest Preferred Bank buyer in Q3 2020 was Fidelity Investments, an estimated $3.2M added.
- The largest Preferred Bank seller in Q3 2020 was Winton Group, an estimated $2.57M sold.
Based on aggregated 13F filings for Q3 2020.