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Preferred Bank

77 hedge funds and large institutions have $200M invested in Preferred Bank in 2014 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 31 increasing their positions, 21 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

48% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 21

28% more capital invested

Capital invested by funds: $157M → $200M (+$43.5M)

10% more funds holding

Funds holding: 7077 (+7)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

Holders
77
Holders Change
+7
Holders Change %
+10%
% of All Funds
2.05%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
11
Increased
31
Reduced
21
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$36.6M +$1.22M +47,915 +4%
BCM
2
Basswood Capital Management
New York
$28.5M -$397K -15,580 -2%
Wellington Management Group
3
Wellington Management Group
Massachusetts
$18.1M -$60.1K -2,360 -0.4%
SCA
4
Stieven Capital Advisors
Missouri
$12.7M +$227K +8,900 +2%
Vanguard Group
5
Vanguard Group
Pennsylvania
$10.5M +$28.1K +1,105 +0.3%
BFA
6
BlackRock Fund Advisors
California
$9.02M +$991K +38,941 +14%
Renaissance Technologies
7
Renaissance Technologies
New York
$7.7M +$302K +11,874 +4%
Dimensional Fund Advisors
8
Dimensional Fund Advisors
Texas
$7.3M +$434K +17,036 +7%
JP Morgan Chase
9
JP Morgan Chase
New York
$6.05M -$710K -27,900 -11%
EPCA
10
Elizabeth Park Capital Advisors
Ohio
$5.72M -$114K -4,472 -2%
State Street
11
State Street
Massachusetts
$5.31M +$217K +8,509 +5%
BIT
12
BlackRock Institutional Trust
California
$4.11M -$268K -10,525 -7%
MCM
13
Maltese Capital Management
New York
$3.71M -$377K -14,800 -10%
Northern Trust
14
Northern Trust
Illinois
$3.34M -$164K -6,432 -5%
BCM
15
Bridgeway Capital Management
Texas
$3.09M
TAM
16
THB Asset Management
Connecticut
$2.35M -$76.1K -2,989 -3%
EI
17
EAM Investors
California
$2.14M +$161K +6,337 +9%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$2.04M +$100K +3,943 +6%
Geode Capital Management
19
Geode Capital Management
Massachusetts
$1.82M +$57.9K +2,273 +4%
Charles Schwab
20
Charles Schwab
California
$1.76M +$1.2M +46,985 +292%
Morgan Stanley
21
Morgan Stanley
New York
$1.6M +$24.2K +952 +2%
TCIM
22
TIAA CREF Investment Management
New York
$1.44M -$9.06K -356 -0.7%
KCM
23
Kennedy Capital Management
Missouri
$1.44M -$1.99K -78 -0.2%
Invesco
24
Invesco
Georgia
$1.35M +$1.03M +40,534 +513%
Stifel Financial
25
Stifel Financial
Missouri
$1.33M +$11.3K +443 +0.9%

PFBC Hedge Fund Activity: Q4 2014 in Review

77 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q4 2014, worth a combined $200M — up 28% from $157M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PFBC positions and 4 closed out — a net gain of 7 holders — while 31 added to existing stakes and 21 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $1.22M. The largest seller was AllianceBernstein, cutting an estimated $912K.

  • 77 institutional investors held Preferred Bank (PFBC) as of Q4 2014, up from 70 in Q3 2014.
  • Funds reported $200M of Preferred Bank stock for Q4 2014, up 28% quarter-over-quarter.
  • 11 funds opened new Preferred Bank positions in Q4 2014 and 4 closed out, a net change of +7 holders.
  • The largest Preferred Bank buyer in Q4 2014 was T. Rowe Price Associates, an estimated $1.22M added.
  • The largest Preferred Bank seller in Q4 2014 was AllianceBernstein, an estimated $912K sold.

Based on aggregated 13F filings for Q4 2014.