Preferred Bank
PFBC
127 hedge funds and large institutions have $556M invested in Preferred Bank in 2017 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 64 increasing their positions, 32 reducing their positions, and 19 closing their positions.
216% more call options, than puts
Call options by funds: $813K | Put options by funds: $257K
100% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 32
3.93% more ownership
Funds ownership: 74.87% → 78.8% (+3.9%)
5% more capital invested
Capital invested by funds: $530M → $556M (+$25.8M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 131 → 127 (-4)
21% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$8.52M |
| 2 |
PFC
Phocas Financial Corp
Alameda,
California
|
+$8.31M |
| 3 |
State Street
Boston,
Massachusetts
|
+$7.65M |
| 4 |
Nuveen
Charlotte,
North Carolina
|
+$6.03M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$4.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EI
EAM Investors
Solana Beach,
California
|
-$3.67M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$3.67M |
| 3 |
BA
Boston Advisors
Boston,
Massachusetts
|
-$3.59M |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$3.06M |
| 5 |
Millennium Management
New York
|
-$2.58M |
PFBC Hedge Fund Activity: Q2 2017 in Review
127 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q2 2017, worth a combined $556M — up 4.9% from $530M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of PFBC and 15 opened new positions — a net loss of 4 holders — while 32 trimmed existing stakes and 64 added.
The largest buyer was Massachusetts Financial Services, opening a new position worth an estimated $8.52M. The largest seller was EAM Investors, exiting entirely with an estimated $3.67M sold.
- 127 institutional investors held Preferred Bank (PFBC) as of Q2 2017, down from 131 in Q1 2017.
- Funds reported $556M of Preferred Bank stock for Q2 2017, up 4.9% quarter-over-quarter.
- 15 funds opened new Preferred Bank positions in Q2 2017 and 19 closed out, a net change of -4 holders.
- The largest Preferred Bank buyer in Q2 2017 was Massachusetts Financial Services, an estimated $8.52M added.
- The largest Preferred Bank seller in Q2 2017 was EAM Investors, an estimated $3.67M sold.
Based on aggregated 13F filings for Q2 2017.