Preferred Bank
PFBC
156 hedge funds and large institutions have $700M invested in Preferred Bank in 2022 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 50 increasing their positions, 66 reducing their positions, and 19 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
1.82% less ownership
Funds ownership: 73.77% → 71.95% (-1.8%)
3% less funds holding
Funds holding: 160 → 156 (-4)
6% less capital invested
Capital invested by funds: $748M → $700M (-$47.9M)
16% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 19
24% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$4.95M |
| 2 |
Goldman Sachs
New York
|
+$3.59M |
| 3 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$3.03M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.47M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$72.4M |
| 2 |
Millennium Management
New York
|
-$6.51M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$5.04M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$4.88M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
-$3.97M |
PFBC Hedge Fund Activity: Q3 2022 in Review
156 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q3 2022, worth a combined $700M — down 6.4% from $748M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of PFBC and 16 opened new positions — a net loss of 3 holders — while 66 trimmed existing stakes and 50 added.
The largest buyer was JP Morgan Chase, adding an estimated $4.95M. The largest seller was T. Rowe Price Associates, cutting an estimated $72.4M.
- 156 institutional investors held Preferred Bank (PFBC) as of Q3 2022, down from 160 in Q2 2022.
- Funds reported $700M of Preferred Bank stock for Q3 2022, down 6.4% quarter-over-quarter.
- 16 funds opened new Preferred Bank positions in Q3 2022 and 19 closed out, a net change of -3 holders.
- The largest Preferred Bank buyer in Q3 2022 was JP Morgan Chase, an estimated $4.95M added.
- The largest Preferred Bank seller in Q3 2022 was T. Rowe Price Associates, an estimated $72.4M sold.
Based on aggregated 13F filings for Q3 2022.