Preferred Bank
PFBC
144 hedge funds and large institutions have $721M invested in Preferred Bank in 2018 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 46 increasing their positions, 46 reducing their positions, and 29 closing their positions.
14% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 29
4.99% more ownership
Funds ownership: 88.43% → 93.42% (+5%)
3% more funds holding
Funds holding: 140 → 144 (+4)
1% more capital invested
Capital invested by funds: $717M → $721M (+$3.85M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 46
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$67.7M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$13.2M |
| 3 |
State Street
Boston,
Massachusetts
|
+$8.81M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$7.07M |
| 5 |
Bank of New York Mellon
New York
|
+$6.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$15.2M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$11.3M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$9.89M |
| 4 |
CAM
ClariVest Asset Management
San Diego,
California
|
-$5.46M |
| 5 |
CCI
Columbus Circle Investors
|
-$5.04M |
PFBC Hedge Fund Activity: Q3 2018 in Review
144 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q3 2018, worth a combined $721M — up 0.54% from $717M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new PFBC positions and 29 closed out — a net gain of 4 holders — while 46 added to existing stakes and 46 trimmed.
The largest buyer was BlackRock, adding an estimated $67.7M. The largest seller was Fidelity Investments, cutting an estimated $15.2M.
- 144 institutional investors held Preferred Bank (PFBC) as of Q3 2018, up from 140 in Q2 2018.
- Funds reported $721M of Preferred Bank stock for Q3 2018, up 0.54% quarter-over-quarter.
- 33 funds opened new Preferred Bank positions in Q3 2018 and 29 closed out, a net change of +4 holders.
- The largest Preferred Bank buyer in Q3 2018 was BlackRock, an estimated $67.7M added.
- The largest Preferred Bank seller in Q3 2018 was Fidelity Investments, an estimated $15.2M sold.
Based on aggregated 13F filings for Q3 2018.