Preferred Bank
PFBC
140 hedge funds and large institutions have $717M invested in Preferred Bank in 2018 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 61 increasing their positions, 47 reducing their positions, and 17 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 47
1.37% more ownership
Funds ownership: 87.06% → 88.43% (+1.4%)
3% less capital invested
Capital invested by funds: $737M → $717M (-$20.2M)
3% less funds holding
Funds holding: 145 → 140 (-5)
24% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 17
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $338K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$13.5M |
| 2 |
BlackRock
New York
|
+$10.4M |
| 3 |
Millennium Management
New York
|
+$8.76M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.62M |
| 5 |
Renaissance Technologies
New York
|
+$2.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$13.2M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$6.83M |
| 3 |
EI
EAM Investors
Solana Beach,
California
|
-$4.02M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
-$3.54M |
| 5 |
JP Morgan Chase
New York
|
-$3.04M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EGPO
151
EnTrust Global Partners Offshore
New York
| – | -$476K | -7,400 | Closed |
|
|
MWNA
152
Marshall Wace North America
New York
| – | -$319K | -4,967 | Closed |
|
153
Man Group
London,
United Kingdom
| – | -$243K | -3,790 | Closed |
|
|
SCM
154
Stevens Capital Management
Radnor,
Pennsylvania
| – | -$220K | -3,434 | Closed |
|
|
MAM
155
Meeder Asset Management
Dublin,
Ohio
| – | -$28K | -441 | Closed |
|
|
AG
156
Advisor Group
Phoenix,
Arizona
| – | -$20K | -315 | Closed |
|
|
APP
157
Avantax Planning Partners
Dubuque,
Iowa
| – | -$2K | -28 | Closed |
|
PFBC Hedge Fund Activity: Q2 2018 in Review
140 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q2 2018, worth a combined $717M — down 2.7% from $737M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of PFBC and 13 opened new positions — a net loss of 4 holders — while 47 trimmed existing stakes and 61 added.
The largest buyer was Fidelity Investments, adding an estimated $13.5M. The largest seller was Wellington Management Group, cutting an estimated $13.2M.
- 140 institutional investors held Preferred Bank (PFBC) as of Q2 2018, down from 145 in Q1 2018.
- Funds reported $717M of Preferred Bank stock for Q2 2018, down 2.7% quarter-over-quarter.
- 13 funds opened new Preferred Bank positions in Q2 2018 and 17 closed out, a net change of -4 holders.
- The largest Preferred Bank buyer in Q2 2018 was Fidelity Investments, an estimated $13.5M added.
- The largest Preferred Bank seller in Q2 2018 was Wellington Management Group, an estimated $13.2M sold.
Based on aggregated 13F filings for Q2 2018.