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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
XT
201
XTX Topco
Cayman Islands
– -$378K -5,176 Closed
BHCM
202
Brevan Howard Capital Management
Jersey
– -$328K -4,484 Closed
State Board of Administration of Florida Retirement System
203
State Board of Administration of Florida Retirement System
Florida
– -$279K -3,820 Closed
SRL
204
Scientech Research LLC
New Jersey
– -$249K -3,422 Closed
VF
205
Virtu Financial
New York
– -$214K -2,932 Closed
CC
206
Corton Capital
Ontario, Canada
– -$201K -2,751 Closed
A
207
AJOVista
Massachusetts
– -$101K -1,377 Closed
ACM
208
Aquatic Capital Management
Illinois
– -$58K -800 Closed
MSWM
209
McGlone Suttner Wealth Management
Wisconsin
– -$34.2K -468 Closed
SA
210
Scarborough Advisors
Maryland
– -$14.9K -204 Closed
RCM
211
Raleigh Capital Management
North Carolina
– -$10.3K -141 Closed
ASN
212
Advisory Services Network
Georgia
– -$3.14K -43 Closed
GWS
213
Glassman Wealth Services
Virginia
– -$950 -13 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.