Preferred Bank
PFBC
126 hedge funds and large institutions have $500M invested in Preferred Bank in 2020 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 43 increasing their positions, 45 reducing their positions, and 7 closing their positions.
114% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 7
26% more capital invested
Capital invested by funds: $397M → $500M (+$103M)
7% more funds holding
Funds holding: 118 → 126 (+8)
0.15% less ownership
Funds ownership: 78.63% → 78.48% (-0.15%)
4% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 45
82% less call options, than puts
Call options by funds: $206K | Put options by funds: $1.12M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$7.71M |
| 2 |
BlackRock
New York
|
+$3.21M |
| 3 |
WG
Winton Group
London,
United Kingdom
|
+$2.48M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$1.82M |
| 5 |
PFM
Premier Fund Managers
Guildford,
United Kingdom
|
+$1.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$8.6M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$7.64M |
| 3 |
MCM
Matarin Capital Management
New York
|
-$2.18M |
| 4 |
Renaissance Technologies
New York
|
-$1.99M |
| 5 |
Nuveen
Charlotte,
North Carolina
|
-$1.53M |
PFBC Hedge Fund Activity: Q2 2020 in Review
126 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q2 2020, worth a combined $500M — up 26% from $397M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new PFBC positions and 7 closed out — a net gain of 8 holders — while 43 added to existing stakes and 45 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $7.71M. The largest seller was Invesco, cutting an estimated $8.6M.
- 126 institutional investors held Preferred Bank (PFBC) as of Q2 2020, up from 118 in Q1 2020.
- Funds reported $500M of Preferred Bank stock for Q2 2020, up 26% quarter-over-quarter.
- 15 funds opened new Preferred Bank positions in Q2 2020 and 7 closed out, a net change of +8 holders.
- The largest Preferred Bank buyer in Q2 2020 was Fidelity Investments, an estimated $7.71M added.
- The largest Preferred Bank seller in Q2 2020 was Invesco, an estimated $8.6M sold.
Based on aggregated 13F filings for Q2 2020.