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Preferred Bank
PFBC

195 hedge funds and large institutions have $812M invested in Preferred Bank in 2024 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 56 increasing their positions, 85 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 19

4% more capital invested

Capital invested by funds: $783M → $812M (+$29.1M)

0.1% more ownership

Funds ownership: 71.9% → 72% (+0.1%)

0% more funds holding

Funds holding: 195 → 195 (0)

34% less repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 85

82% less call options, than puts

Call options by funds: $77K | Put options by funds: $430K

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
195
Holders Change
–
Holders Change %
0%
% of All Funds
2.81%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
22
Increased
56
Reduced
85
Closed
19
Calls
$77K
Puts
$430K
Net Calls
-$353K
Net Calls Change
-$535K

Top Buyers

Rank Fund Capital Flow
1
Charles Schwab
Charles Schwab
California
+$21.6M
2
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
+$14.9M
3
DIA
Dana Investment Advisors
Wisconsin
+$5.96M
4
LSV Asset Management
LSV Asset Management
Illinois
+$5.61M
5
American Century Companies
American Century Companies
Missouri
+$3.62M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$16.1M
2
Millennium Management
Millennium Management
New York
-$13.9M
3
SCA
Stieven Capital Advisors
Missouri
-$3.65M
4
AG
Algert Global
California
-$2.91M
5
Renaissance Technologies
Renaissance Technologies
New York
-$2.68M
Name Holding Trade Value Shares
Change 		Change in
Stake
UB
176
UMB Bank
Missouri
$13K +$434 +6 +4%
Fifth Third Bancorp
177
Fifth Third Bancorp
Ohio
$11.9K – – –
PFC
178
Phocas Financial Corp
California
$11.3K -$278K -3,848 -3%
Citadel Advisors
179
Citadel Advisors
Florida
$10.8K -$2.23M -30,870 -100%
Northwestern Mutual Wealth Management
180
Northwestern Mutual Wealth Management
Wisconsin
$8.06K – – –
Mitsubishi UFJ Asset Management
181
Mitsubishi UFJ Asset Management
Japan
$4.68K – – –
MIM
182
Macroview Investment Management
Maryland
$3K – – –
CA
183
Continuum Advisory
Idaho
$2.62K +$2.39K +33 New
FFO
184
Fortitude Family Office
Arizona
$2.3K – – –
AF
185
Allworth Financial
California
$1.84K – – –
LC
186
Lindbrook Capital
California
$1.46K – – –
FHA
187
First Horizon Advisors
Tennessee
$1.46K – – –
FFA
188
Farther Finance Advisors
California
$1.22K +$362 +5 +45%
AA
189
AlphaMark Advisors
Kentucky
$1K – – –
C
190
Covestor
United Kingdom
$1K +$579 +8 +400%
S
191
SignatureFD
Georgia
$844 +$795 +11 New
FMII
192
Farmers & Merchants Investments Inc
Nebraska
$691 – – –
Nisa Investment Advisors
193
Nisa Investment Advisors
Missouri
$461 – – –
ECM
194
Everence Capital Management
Indiana
$223 – – –
Massachusetts Financial Services
195
Massachusetts Financial Services
Massachusetts
– -$1.68M -23,061 Closed
HF
196
HRT Financial
New York
– -$1.53M -21,009 Closed
QC
197
Quadrature Capital
United Kingdom
– -$1.24M -16,959 Closed
ECM
198
ExodusPoint Capital Management
New York
– -$1.01M -13,829 Closed
TI
199
Trexquant Investment
Connecticut
– -$942K -12,902 Closed
Balyasny Asset Management
200
Balyasny Asset Management
Illinois
– -$719K -9,848 Closed
5 6 7
8
9

PFBC Hedge Fund Activity: Q1 2024 in Review

195 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q1 2024, worth a combined $812M — up 3.7% from $783M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new PFBC positions and 19 closed out — a net gain of 3 holders — while 56 added to existing stakes and 85 trimmed.

The largest buyer was Charles Schwab, adding an estimated $21.6M. The largest seller was Morgan Stanley, cutting an estimated $16.1M.

  • 195 institutional investors held Preferred Bank (PFBC) as of Q1 2024, unchanged from Q4 2023.
  • Funds reported $812M of Preferred Bank stock for Q1 2024, up 3.7% quarter-over-quarter.
  • 22 funds opened new Preferred Bank positions in Q1 2024 and 19 closed out, a net change of +3 holders.
  • The largest Preferred Bank buyer in Q1 2024 was Charles Schwab, an estimated $21.6M added.
  • The largest Preferred Bank seller in Q1 2024 was Morgan Stanley, an estimated $16.1M sold.

Based on aggregated 13F filings for Q1 2024.