Preferred Bank
PFBC
195 hedge funds and large institutions have $783M invested in Preferred Bank in 2023 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 73 increasing their positions, 72 reducing their positions, and 16 closing their positions.
314% more call options, than puts
Call options by funds: $240K | Put options by funds: $58K
63% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 16
20% more capital invested
Capital invested by funds: $650M → $783M (+$133M)
5% more funds holding
Funds holding: 186 → 195 (+9)
1.82% more ownership
Funds ownership: 70.09% → 71.9% (+1.8%)
1% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 72
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$15.6M |
| 2 |
JP Morgan Chase
New York
|
+$7.78M |
| 3 |
SGCIA
Smith Graham & Co Investment Advisors
Houston,
Texas
|
+$5.81M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$4.25M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$3.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$31.2M |
| 2 |
BlackRock
New York
|
-$5.13M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.32M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$2.46M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
-$1.25M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$278K | -4,391 | Closed |
|
202
SG Americas Securities
New York
| – | -$232K | -3,720 | Closed |
|
203
D.E. Shaw & Co
New York
| – | -$211K | -3,397 | Closed |
|
|
VA
204
Vident Advisory
Alpharetta,
Georgia
| – | -$205K | -3,286 | Closed |
|
|
BCM
205
BluePath Capital Management
Atlanta,
Georgia
| – | -$32.9K | -529 | Closed |
|
|
FMP
206
Financial Management Professionals
Austin,
Texas
| – | -$28K | -455 | Closed |
|
207
Simplex Trading
Chicago,
Illinois
| – | -$8.4K | -129 | Closed |
|
208
AssetMark Inc
Concord,
California
| – | -$125 | -2 | Closed |
|
|
C
209
Covestor
London,
United Kingdom
| – | -$65 | -1 | -33% |
|
PFBC Hedge Fund Activity: Q4 2023 in Review
195 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q4 2023, worth a combined $783M — up 20% from $650M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new PFBC positions and 16 closed out — a net gain of 10 holders — while 73 added to existing stakes and 72 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $15.6M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $31.2M.
- 195 institutional investors held Preferred Bank (PFBC) as of Q4 2023, up from 186 in Q3 2023.
- Funds reported $783M of Preferred Bank stock for Q4 2023, up 20% quarter-over-quarter.
- 26 funds opened new Preferred Bank positions in Q4 2023 and 16 closed out, a net change of +10 holders.
- The largest Preferred Bank buyer in Q4 2023 was Morgan Stanley, an estimated $15.6M added.
- The largest Preferred Bank seller in Q4 2023 was T. Rowe Price Investment Management, an estimated $31.2M sold.
Based on aggregated 13F filings for Q4 2023.