Preferred Bank
PFBC
160 hedge funds and large institutions have $748M invested in Preferred Bank in 2022 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 58 increasing their positions, 58 reducing their positions, and 12 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
17% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 12
0% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 58
1.24% less ownership
Funds ownership: 75.01% → 73.77% (-1.2%)
2% less funds holding
Funds holding: 163 → 160 (-3)
10% less capital invested
Capital invested by funds: $829M → $748M (-$80.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$5.5M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$4.52M |
| 3 |
Morgan Stanley
New York
|
+$3M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$1.76M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$6.18M |
| 2 |
Millennium Management
New York
|
-$4.36M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$3.46M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$3.14M |
| 5 |
Goldman Sachs
New York
|
-$2.47M |
PFBC Hedge Fund Activity: Q2 2022 in Review
160 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q2 2022, worth a combined $748M — down 9.7% from $829M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PFBC positions and 12 closed out — a net gain of 2 holders — while 58 added to existing stakes and 58 trimmed.
The largest buyer was Philadelphia Financial Management of San Francisco, adding an estimated $5.5M. The largest seller was State Street, cutting an estimated $6.18M.
- 160 institutional investors held Preferred Bank (PFBC) as of Q2 2022, down from 163 in Q1 2022.
- Funds reported $748M of Preferred Bank stock for Q2 2022, down 9.7% quarter-over-quarter.
- 14 funds opened new Preferred Bank positions in Q2 2022 and 12 closed out, a net change of +2 holders.
- The largest Preferred Bank buyer in Q2 2022 was Philadelphia Financial Management of San Francisco, an estimated $5.5M added.
- The largest Preferred Bank seller in Q2 2022 was State Street, an estimated $6.18M sold.
Based on aggregated 13F filings for Q2 2022.