Preferred Bank
PFBC
174 hedge funds and large institutions have $612M invested in Preferred Bank in 2023 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 65 increasing their positions, 66 reducing their positions, and 24 closing their positions.
100% more call options, than puts
Call options by funds: $54K | Put options by funds: $27K
4.23% more ownership
Funds ownership: 70.84% → 75.08% (+4.2%)
2% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 66
4% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 24
1% less funds holding
Funds holding: 176 → 174 (-2)
22% less capital invested
Capital invested by funds: $788M → $612M (-$175M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$6.4M |
| 2 |
Millennium Management
New York
|
+$4.31M |
| 3 |
Goldman Sachs
New York
|
+$3.61M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.11M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$2.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
-$14.9M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.41M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
-$2.92M |
| 4 |
AIA
Avalon Investment & Advisory
Houston,
Texas
|
-$2.6M |
| 5 |
EC
EJF Capital
Arlington,
Virginia
|
-$2.49M |
PFBC Hedge Fund Activity: Q1 2023 in Review
174 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q1 2023, worth a combined $612M — down 22% from $788M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of PFBC and 23 opened new positions — a net loss of 1 holder — while 66 trimmed existing stakes and 65 added.
The largest buyer was State Street, adding an estimated $6.4M. The largest seller was Philadelphia Financial Management of San Francisco, exiting entirely with an estimated $14.9M sold.
- 174 institutional investors held Preferred Bank (PFBC) as of Q1 2023, down from 176 in Q4 2022.
- Funds reported $612M of Preferred Bank stock for Q1 2023, down 22% quarter-over-quarter.
- 23 funds opened new Preferred Bank positions in Q1 2023 and 24 closed out, a net change of -1 holder.
- The largest Preferred Bank buyer in Q1 2023 was State Street, an estimated $6.4M added.
- The largest Preferred Bank seller in Q1 2023 was Philadelphia Financial Management of San Francisco, an estimated $14.9M sold.
Based on aggregated 13F filings for Q1 2023.