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Preferred Bank

137 hedge funds and large institutions have $552M invested in Preferred Bank in 2019 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 61 increasing their positions, 48 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 48

5% more capital invested

Capital invested by funds: $525M → $552M (+$27.4M)

0.11% more ownership

Funds ownership: 88.44%88.55% (+0.11%)

6% less funds holding

Funds holding: 146137 (-9)

41% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 17

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
137
Holders Change
-9
Holders Change %
-6.16%
% of All Funds
2.98%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
10
Increased
61
Reduced
48
Closed
17
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$100M +$1.48M +31,589 +2%
T. Rowe Price Associates
2
T. Rowe Price Associates
Maryland
$59.4M +$293K +6,230 +0.5%
N
3
Nuveen
North Carolina
$44M +$3.99M +85,003 +10%
Vanguard Group
4
Vanguard Group
Pennsylvania
$40.6M -$272K -5,794 -0.7%
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$32.5M +$1.12M +23,821 +4%
State Street
6
State Street
Massachusetts
$21.2M -$984K -20,945 -4%
Boston Partners
7
Boston Partners
Massachusetts
$19.2M -$549K -11,697 -3%
Renaissance Technologies
8
Renaissance Technologies
New York
$18.2M +$432K +9,200 +2%
LSV Asset Management
9
LSV Asset Management
Illinois
$14.3M +$3.36M +71,569 +31%
SCA
10
Stieven Capital Advisors
Missouri
$13.7M -$169K -3,600 -1%
Northern Trust
11
Northern Trust
Illinois
$13.1M +$95.9K +2,041 +0.7%
Ameriprise
12
Ameriprise
Minnesota
$10.5M +$269K +5,737 +3%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$10.3M +$291K +6,187 +3%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$9.45M +$551K +11,736 +6%
PFC
15
Phocas Financial Corp
California
$8.48M +$847K +18,032 +11%
BCM
16
Basswood Capital Management
New York
$7.9M
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$7.39M +$3.33M +70,809 +83%
MCM
18
Maltese Capital Management
New York
$6.75M -$959K -20,422 -13%
MCM
19
Matarin Capital Management
New York
$5.72M +$4.88M +103,861 +601%
Principal Financial Group
20
Principal Financial Group
Iowa
$5.57M -$593K -12,617 -10%
Bank of America
21
Bank of America
North Carolina
$4.82M +$243K +5,170 +5%
Wells Fargo
22
Wells Fargo
California
$4.37M +$1.23M +26,094 +39%
Marshall Wace
23
Marshall Wace
United Kingdom
$4.31M -$2.72M -57,863 -39%
Goldman Sachs
24
Goldman Sachs
New York
$4.28M +$363K +7,720 +9%
Charles Schwab
25
Charles Schwab
California
$3.87M +$89.2K +1,899 +2%

PFBC Hedge Fund Activity: Q2 2019 in Review

137 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q2 2019, worth a combined $552M — up 5.2% from $525M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of PFBC and 10 opened new positions — a net loss of 7 holders — while 48 trimmed existing stakes and 61 added.

The largest buyer was Matarin Capital Management, adding an estimated $4.88M. The largest seller was Rothschild & Co Asset Management US, exiting entirely with an estimated $5.81M sold.

  • 137 institutional investors held Preferred Bank (PFBC) as of Q2 2019, down from 146 in Q1 2019.
  • Funds reported $552M of Preferred Bank stock for Q2 2019, up 5.2% quarter-over-quarter.
  • 10 funds opened new Preferred Bank positions in Q2 2019 and 17 closed out, a net change of -7 holders.
  • The largest Preferred Bank buyer in Q2 2019 was Matarin Capital Management, an estimated $4.88M added.
  • The largest Preferred Bank seller in Q2 2019 was Rothschild & Co Asset Management US, an estimated $5.81M sold.

Based on aggregated 13F filings for Q2 2019.