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Preferred Bank

168 hedge funds and large institutions have $595M invested in Preferred Bank in 2023 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 62 increasing their positions, 59 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 59

3% less capital invested

Capital invested by funds: $612M → $595M (-$17.4M)

2.56% less ownership

Funds ownership: 75.08%72.51% (-2.6%)

3% less funds holding

Funds holding: 174168 (-6)

21% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 29

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

82% less call options, than puts

Call options by funds: $54K | Put options by funds: $297K

Holders
168
Holders Change
-6
Holders Change %
-3.45%
% of All Funds
2.64%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
23
Increased
62
Reduced
59
Closed
29
Calls
$54K
Puts
$297K
Net Calls
-$243K
Net Calls Change
-$270K
Name Holding Trade Value Shares
Change
Change in
Stake
Carson Wealth (CWM LLC)
151
Carson Wealth (CWM LLC)
Nebraska
$28K +$12.1K +240 +88%
HNB
152
Huntington National Bank
Ohio
$19.3K -$2.01K -40 -10%
UB
153
UMB Bank
Missouri
$8.96K
Fifth Third Bancorp
154
Fifth Third Bancorp
Ohio
$8.19K +$3.57K +71 +91%
RCM
155
Raleigh Capital Management
North Carolina
$7.67K +$2.62K +52 +59%
GCM
156
Gladius Capital Management
Illinois
$7.04K +$1.36K +27 +27%
Northwestern Mutual Wealth Management
157
Northwestern Mutual Wealth Management
Wisconsin
$5.22K
AWM
158
Avior Wealth Management
Nebraska
$4.34K
Bessemer Group
159
Bessemer Group
New Jersey
$3K
FHA
160
First Horizon Advisors
Tennessee
$2.36K
FFA
161
Farther Finance Advisors
California
$1.32K
LC
162
Lindbrook Capital
California
$1.1K
AA
163
AlphaMark Advisors
Kentucky
$1K
C
164
Covestor
United Kingdom
$1K +$755 +15 +500%
GWS
165
Glassman Wealth Services
Virginia
$715 +$654 +13 New
FMII
166
Farmers & Merchants Investments Inc
Nebraska
$495
AWM
167
Abound Wealth Management
Tennessee
$495 +$453 +9 New
RI
168
Ridgewood Investments
New Jersey
$7 -$3.17K -63 Closed
ACA
169
Aptus Capital Advisors
Alabama
-$3.24M -59,033 Closed
Qube Research & Technologies (QRT)
170
Qube Research & Technologies (QRT)
United Kingdom
-$2.72M -49,554 Closed
PFM
171
Premier Fund Managers
United Kingdom
-$1.39M -25,872 Closed
Aviva
172
Aviva
United Kingdom
-$1.27M -23,206 Closed
ADIM
173
Alpha DNA Investment Management
Maryland
-$984K -17,953 Closed
D.E. Shaw & Co
174
D.E. Shaw & Co
New York
-$984K -17,950 Closed
ECM
175
ExodusPoint Capital Management
New York
-$902K -16,452 Closed

PFBC Hedge Fund Activity: Q2 2023 in Review

168 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q2 2023, worth a combined $595M — down 2.8% from $612M a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of PFBC and 23 opened new positions — a net loss of 6 holders — while 59 trimmed existing stakes and 62 added.

The largest buyer was T. Rowe Price Investment Management, adding an estimated $14.9M. The largest seller was Fidelity Investments, cutting an estimated $23.5M.

  • 168 institutional investors held Preferred Bank (PFBC) as of Q2 2023, down from 174 in Q1 2023.
  • Funds reported $595M of Preferred Bank stock for Q2 2023, down 2.8% quarter-over-quarter.
  • 23 funds opened new Preferred Bank positions in Q2 2023 and 29 closed out, a net change of -6 holders.
  • The largest Preferred Bank buyer in Q2 2023 was T. Rowe Price Investment Management, an estimated $14.9M added.
  • The largest Preferred Bank seller in Q2 2023 was Fidelity Investments, an estimated $23.5M sold.

Based on aggregated 13F filings for Q2 2023.