Preferred Bank
PFBC
139 hedge funds and large institutions have $653M invested in Preferred Bank in 2017 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 55 increasing their positions, 45 reducing their positions, and 10 closing their positions.
100% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 10
22% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 45
8% more funds holding
Funds holding: 129 → 139 (+10)
3.92% more ownership
Funds ownership: 80.24% → 84.16% (+3.9%)
5% more capital invested
Capital invested by funds: $623M → $653M (+$30.1M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $217K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$10.8M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
+$6.66M |
| 3 |
CCI
Columbus Circle Investors
|
+$5.49M |
| 4 |
Millennium Management
New York
|
+$4.57M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$4.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$3.69M |
| 2 |
RHCA
Rosenthal Henry Capital Advisors
Mishawaka,
Indiana
|
-$3.02M |
| 3 |
NFA
Nationwide Fund Advisors
Columbus,
Ohio
|
-$2.79M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$2.25M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.24M |
PFBC Hedge Fund Activity: Q4 2017 in Review
139 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q4 2017, worth a combined $653M — up 4.8% from $623M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new PFBC positions and 10 closed out — a net gain of 10 holders — while 55 added to existing stakes and 45 trimmed.
The largest buyer was Lord, Abbett & Co, opening a new position worth an estimated $10.8M. The largest seller was T. Rowe Price Associates, cutting an estimated $3.69M.
- 139 institutional investors held Preferred Bank (PFBC) as of Q4 2017, up from 129 in Q3 2017.
- Funds reported $653M of Preferred Bank stock for Q4 2017, up 4.8% quarter-over-quarter.
- 20 funds opened new Preferred Bank positions in Q4 2017 and 10 closed out, a net change of +10 holders.
- The largest Preferred Bank buyer in Q4 2017 was Lord, Abbett & Co, an estimated $10.8M added.
- The largest Preferred Bank seller in Q4 2017 was T. Rowe Price Associates, an estimated $3.69M sold.
Based on aggregated 13F filings for Q4 2017.