Preferred Bank
PFBC
146 hedge funds and large institutions have $525M invested in Preferred Bank in 2019 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 61 increasing their positions, 44 reducing their positions, and 10 closing their positions.
100% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 10
39% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 44
7% more funds holding
Funds holding: 137 → 146 (+9)
1% more capital invested
Capital invested by funds: $518M → $525M (+$6.86M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.06% less ownership
Funds ownership: 90.6% → 88.54% (-2.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
+$9.36M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.82M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.38M |
| 4 |
Renaissance Technologies
New York
|
+$1.98M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$11.4M |
| 2 |
JP Morgan Chase
New York
|
-$4.27M |
| 3 |
BlackRock
New York
|
-$3.82M |
| 4 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$3.42M |
| 5 |
MCM
Matarin Capital Management
New York
|
-$3.35M |
PFBC Hedge Fund Activity: Q1 2019 in Review
146 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q1 2019, worth a combined $525M — up 1.3% from $518M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new PFBC positions and 10 closed out — a net gain of 10 holders — while 61 added to existing stakes and 44 trimmed.
The largest buyer was LSV Asset Management, adding an estimated $9.36M. The largest seller was Fidelity Investments, cutting an estimated $11.4M.
- 146 institutional investors held Preferred Bank (PFBC) as of Q1 2019, up from 137 in Q4 2018.
- Funds reported $525M of Preferred Bank stock for Q1 2019, up 1.3% quarter-over-quarter.
- 20 funds opened new Preferred Bank positions in Q1 2019 and 10 closed out, a net change of +10 holders.
- The largest Preferred Bank buyer in Q1 2019 was LSV Asset Management, an estimated $9.36M added.
- The largest Preferred Bank seller in Q1 2019 was Fidelity Investments, an estimated $11.4M sold.
Based on aggregated 13F filings for Q1 2019.