Preferred Bank
PFBC
67 hedge funds and large institutions have $125M invested in Preferred Bank in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 31 increasing their positions, 17 reducing their positions, and 7 closing their positions.
86% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 7
82% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 17
20% more capital invested
Capital invested by funds: $104M → $125M (+$21M)
10% more funds holding
Funds holding: 61 → 67 (+6)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$1.14M |
| 2 |
BCM
Basswood Capital Management
New York
|
+$1.13M |
| 3 |
CCM
Cadence Capital Management
Boston,
Massachusetts
|
+$1.08M |
| 4 |
Morgan Stanley
New York
|
+$785K |
| 5 |
JP Morgan Chase
New York
|
+$639K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$1.6M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$1M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$258K |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$220K |
| 5 |
CCMH
Cornerstone Capital Management Holdings
New York
|
-$217K |
PFBC Hedge Fund Activity: Q4 2013 in Review
67 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q4 2013, worth a combined $125M — up 20% from $104M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PFBC positions and 7 closed out — a net gain of 6 holders — while 31 added to existing stakes and 17 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $1.14M. The largest seller was Maltese Capital Management, cutting an estimated $1.6M.
- 67 institutional investors held Preferred Bank (PFBC) as of Q4 2013, up from 61 in Q3 2013.
- Funds reported $125M of Preferred Bank stock for Q4 2013, up 20% quarter-over-quarter.
- 13 funds opened new Preferred Bank positions in Q4 2013 and 7 closed out, a net change of +6 holders.
- The largest Preferred Bank buyer in Q4 2013 was T. Rowe Price Associates, an estimated $1.14M added.
- The largest Preferred Bank seller in Q4 2013 was Maltese Capital Management, an estimated $1.6M sold.
Based on aggregated 13F filings for Q4 2013.