Preferred Bank
PFBC
186 hedge funds and large institutions have $650M invested in Preferred Bank in 2023 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 59 increasing their positions, 70 reducing their positions, and 13 closing their positions.
872% more call options, than puts
Call options by funds: $486K | Put options by funds: $50K
146% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 13
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
11% more funds holding
Funds holding: 168 → 186 (+18)
9% more capital invested
Capital invested by funds: $595M → $650M (+$54.9M)
2.43% less ownership
Funds ownership: 72.51% → 70.09% (-2.4%)
16% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 70
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$2.68M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
+$2.52M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.2M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.7M |
| 5 |
OAM
Oberweis Asset Management
Lisle,
Illinois
|
+$1.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$24.2M |
| 2 |
Goldman Sachs
New York
|
-$5.34M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$3.52M |
| 4 |
JP Morgan Chase
New York
|
-$2.64M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$2.21M |
PFBC Hedge Fund Activity: Q3 2023 in Review
186 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Preferred Bank (PFBC) for Q3 2023, worth a combined $650M — up 9.2% from $595M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new PFBC positions and 13 closed out — a net gain of 19 holders — while 59 added to existing stakes and 70 trimmed.
The largest buyer was Millennium Management, adding an estimated $2.68M. The largest seller was Fidelity Investments, cutting an estimated $24.2M.
- 186 institutional investors held Preferred Bank (PFBC) as of Q3 2023, up from 168 in Q2 2023.
- Funds reported $650M of Preferred Bank stock for Q3 2023, up 9.2% quarter-over-quarter.
- 32 funds opened new Preferred Bank positions in Q3 2023 and 13 closed out, a net change of +19 holders.
- The largest Preferred Bank buyer in Q3 2023 was Millennium Management, an estimated $2.68M added.
- The largest Preferred Bank seller in Q3 2023 was Fidelity Investments, an estimated $24.2M sold.
Based on aggregated 13F filings for Q3 2023.