Preferred Bank
PFBC
145 hedge funds and large institutions have $737M invested in Preferred Bank in 2018 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 52 increasing their positions, 50 reducing their positions, and 17 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
41% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 17
13% more capital invested
Capital invested by funds: $653M → $737M (+$84.5M)
4% more funds holding
Funds holding: 139 → 145 (+6)
2.9% more ownership
Funds ownership: 84.16% → 87.06% (+2.9%)
4% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 50
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$20.4M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
+$14.5M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$12.6M |
| 4 |
State Street
Boston,
Massachusetts
|
+$5.91M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$5.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$15.4M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$4.55M |
| 3 |
JP Morgan Chase
New York
|
-$3.36M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.04M |
| 5 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
-$2.83M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Squarepoint
New York
| – | -$302K | -5,133 | Closed |
|
152
Teacher Retirement System of Texas
Austin,
Texas
| – | -$265K | -4,516 | Closed |
|
|
II
153
Ibex Investors
Denver,
Colorado
| – | -$264K | -4,436 | Closed |
|
154
Tudor Investment Corp
Stamford,
Connecticut
| – | -$243K | -4,133 | Closed |
|
155
Capital Fund Management (CFM)
Paris,
France
| – | -$241K | -4,100 | Closed |
|
156
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$235K | -3,996 | Closed |
|
157
Parallax Volatility Advisers
San Francisco,
California
| – | -$116K | -1,974 | Closed |
|
|
HNB
158
Huntington National Bank
Columbus,
Ohio
| – | -$24K | -408 | Closed |
|
|
TRCT
159
Tower Research Capital (TRC)
New York
| – | -$5K | -91 | Closed |
|
|
FMA
160
FNY Managed Accounts
New York
| – | -$3K | -57 | Closed |
|
|
CA
161
Calton & Associates
Tampa,
Florida
| – | -$3K | -47 | Closed |
|
162
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$2K | -33 | Closed |
|
PFBC Hedge Fund Activity: Q1 2018 in Review
145 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q1 2018, worth a combined $737M — up 13% from $653M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new PFBC positions and 17 closed out — a net gain of 7 holders — while 52 added to existing stakes and 50 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $20.4M. The largest seller was Millennium Management, cutting an estimated $15.4M.
- 145 institutional investors held Preferred Bank (PFBC) as of Q1 2018, up from 139 in Q4 2017.
- Funds reported $737M of Preferred Bank stock for Q1 2018, up 13% quarter-over-quarter.
- 24 funds opened new Preferred Bank positions in Q1 2018 and 17 closed out, a net change of +7 holders.
- The largest Preferred Bank buyer in Q1 2018 was Fidelity Investments, an estimated $20.4M added.
- The largest Preferred Bank seller in Q1 2018 was Millennium Management, an estimated $15.4M sold.
Based on aggregated 13F filings for Q1 2018.