Preferred Bank
PFBC
132 hedge funds and large institutions have $726M invested in Preferred Bank in 2021 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 43 increasing their positions, 52 reducing their positions, and 23 closing their positions.
28% more capital invested
Capital invested by funds: $568M → $726M (+$158M)
2.22% more ownership
Funds ownership: 74.29% → 76.52% (+2.2%)
6% less funds holding
Funds holding: 140 → 132 (-8)
17% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 52
26% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 23
63% less call options, than puts
Call options by funds: $229K | Put options by funds: $624K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
+$16.3M |
| 2 |
PFC
Phocas Financial Corp
Alameda,
California
|
+$8.85M |
| 3 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$4.97M |
| 4 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
+$4.78M |
| 5 |
State Street
Boston,
Massachusetts
|
+$4.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$4.79M |
| 2 |
Renaissance Technologies
New York
|
-$3.02M |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$2.75M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$2.57M |
| 5 |
RC
Roubaix Capital
Denver,
Colorado
|
-$2.42M |
PFBC Hedge Fund Activity: Q1 2021 in Review
132 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q1 2021, worth a combined $726M — up 28% from $568M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of PFBC and 17 opened new positions — a net loss of 6 holders — while 52 trimmed existing stakes and 43 added.
The largest buyer was Boston Partners, opening a new position worth an estimated $16.3M. The largest seller was Basswood Capital Management, exiting entirely with an estimated $4.79M sold.
- 132 institutional investors held Preferred Bank (PFBC) as of Q1 2021, down from 140 in Q4 2020.
- Funds reported $726M of Preferred Bank stock for Q1 2021, up 28% quarter-over-quarter.
- 17 funds opened new Preferred Bank positions in Q1 2021 and 23 closed out, a net change of -6 holders.
- The largest Preferred Bank buyer in Q1 2021 was Boston Partners, an estimated $16.3M added.
- The largest Preferred Bank seller in Q1 2021 was Basswood Capital Management, an estimated $4.79M sold.
Based on aggregated 13F filings for Q1 2021.