Preferred Bank
PFBC
129 hedge funds and large institutions have $623M invested in Preferred Bank in 2017 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 41 increasing their positions, 47 reducing their positions, and 14 closing their positions.
21% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 14
12% more capital invested
Capital invested by funds: $556M → $623M (+$66.8M)
2% more funds holding
Funds holding: 127 → 129 (+2)
1.45% more ownership
Funds ownership: 78.8% → 80.24% (+1.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
13% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 47
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFC
Phocas Financial Corp
Alameda,
California
|
+$5.85M |
| 2 |
Millennium Management
New York
|
+$5.79M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$5.37M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
+$3.78M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$3.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$5.06M |
| 2 |
New York State Common Retirement Fund
Albany,
New York
|
-$4.29M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$4.17M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$3.39M |
| 5 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$2.31M |
PFBC Hedge Fund Activity: Q3 2017 in Review
129 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q3 2017, worth a combined $623M — up 12% from $556M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new PFBC positions and 14 closed out — a net gain of 3 holders — while 41 added to existing stakes and 47 trimmed.
The largest buyer was Phocas Financial Corp, adding an estimated $5.85M. The largest seller was Systematic Financial Management, cutting an estimated $5.06M.
- 129 institutional investors held Preferred Bank (PFBC) as of Q3 2017, up from 127 in Q2 2017.
- Funds reported $623M of Preferred Bank stock for Q3 2017, up 12% quarter-over-quarter.
- 17 funds opened new Preferred Bank positions in Q3 2017 and 14 closed out, a net change of +3 holders.
- The largest Preferred Bank buyer in Q3 2017 was Phocas Financial Corp, an estimated $5.85M added.
- The largest Preferred Bank seller in Q3 2017 was Systematic Financial Management, an estimated $5.06M sold.
Based on aggregated 13F filings for Q3 2017.