Preferred Bank
PFBC
168 hedge funds and large institutions have $595M invested in Preferred Bank in 2023 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 62 increasing their positions, 59 reducing their positions, and 29 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 59
3% less capital invested
Capital invested by funds: $612M → $595M (-$17.4M)
2.56% less ownership
Funds ownership: 75.08% → 72.51% (-2.6%)
3% less funds holding
Funds holding: 174 → 168 (-6)
21% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 29
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
82% less call options, than puts
Call options by funds: $54K | Put options by funds: $297K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$14.9M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.24M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.75M |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$1.6M |
| 5 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$1.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$23.5M |
| 2 |
Millennium Management
New York
|
-$6.53M |
| 3 |
ACA
Aptus Capital Advisors
Fairhope,
Alabama
|
-$3.24M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$2.72M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$2.36M |
PFBC Hedge Fund Activity: Q2 2023 in Review
168 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q2 2023, worth a combined $595M — down 2.8% from $612M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of PFBC and 23 opened new positions — a net loss of 6 holders — while 59 trimmed existing stakes and 62 added.
The largest buyer was T. Rowe Price Investment Management, adding an estimated $14.9M. The largest seller was Fidelity Investments, cutting an estimated $23.5M.
- 168 institutional investors held Preferred Bank (PFBC) as of Q2 2023, down from 174 in Q1 2023.
- Funds reported $595M of Preferred Bank stock for Q2 2023, down 2.8% quarter-over-quarter.
- 23 funds opened new Preferred Bank positions in Q2 2023 and 29 closed out, a net change of -6 holders.
- The largest Preferred Bank buyer in Q2 2023 was T. Rowe Price Investment Management, an estimated $14.9M added.
- The largest Preferred Bank seller in Q2 2023 was Fidelity Investments, an estimated $23.5M sold.
Based on aggregated 13F filings for Q2 2023.