Preferred Bank
PFBC
75 hedge funds and large institutions have $176M invested in Preferred Bank in 2014 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 34 increasing their positions, 14 reducing their positions, and 6 closing their positions.
143% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 14
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
41% more capital invested
Capital invested by funds: $125M → $176M (+$51.1M)
12% more funds holding
Funds holding: 67 → 75 (+8)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$5.44M |
| 2 |
JP Morgan Chase
New York
|
+$2.26M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.96M |
| 4 |
EI
EAM Investors
Solana Beach,
California
|
+$1.62M |
| 5 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$7.43M |
| 2 |
CIC
Cornercap Investment Counsel
Atlanta,
Georgia
|
-$430K |
| 3 |
BIG
Blackthorn Investment Group
Overland Park,
Kansas
|
-$414K |
| 4 |
Morgan Stanley
New York
|
-$281K |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$231K |
PFBC Hedge Fund Activity: Q1 2014 in Review
75 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q1 2014, worth a combined $176M — up 41% from $125M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PFBC positions and 6 closed out — a net gain of 8 holders — while 34 added to existing stakes and 14 trimmed.
The largest buyer was Basswood Capital Management, adding an estimated $5.44M. The largest seller was Maltese Capital Management, cutting an estimated $7.43M.
- 75 institutional investors held Preferred Bank (PFBC) as of Q1 2014, up from 67 in Q4 2013.
- Funds reported $176M of Preferred Bank stock for Q1 2014, up 41% quarter-over-quarter.
- 14 funds opened new Preferred Bank positions in Q1 2014 and 6 closed out, a net change of +8 holders.
- The largest Preferred Bank buyer in Q1 2014 was Basswood Capital Management, an estimated $5.44M added.
- The largest Preferred Bank seller in Q1 2014 was Maltese Capital Management, an estimated $7.43M sold.
Based on aggregated 13F filings for Q1 2014.