Preferred Bank
PFBC
93 hedge funds and large institutions have $244M invested in Preferred Bank in 2015 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 41 increasing their positions, 27 reducing their positions, and 3 closing their positions.
233% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 3
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
52% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 27
10% more capital invested
Capital invested by funds: $223M → $244M (+$21.2M)
8% more funds holding
Funds holding: 86 → 93 (+7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$5.15M |
| 2 |
Millennium Management
New York
|
+$2.58M |
| 3 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
+$2M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.82M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$10.8M |
| 2 |
BCM
Basswood Capital Management
New York
|
-$4.45M |
| 3 |
MCM
Maltese Capital Management
New York
|
-$1.25M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$981K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$536K |
PFBC Hedge Fund Activity: Q3 2015 in Review
93 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q3 2015, worth a combined $244M — up 9.5% from $223M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PFBC positions and 3 closed out — a net gain of 7 holders — while 41 added to existing stakes and 27 trimmed.
The largest buyer was THB Asset Management, adding an estimated $5.15M. The largest seller was Wellington Management Group, cutting an estimated $10.8M.
- 93 institutional investors held Preferred Bank (PFBC) as of Q3 2015, up from 86 in Q2 2015.
- Funds reported $244M of Preferred Bank stock for Q3 2015, up 9.5% quarter-over-quarter.
- 10 funds opened new Preferred Bank positions in Q3 2015 and 3 closed out, a net change of +7 holders.
- The largest Preferred Bank buyer in Q3 2015 was THB Asset Management, an estimated $5.15M added.
- The largest Preferred Bank seller in Q3 2015 was Wellington Management Group, an estimated $10.8M sold.
Based on aggregated 13F filings for Q3 2015.