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Peapack-Gladstone Financial
PGC

60 hedge funds and large institutions have $137M invested in Peapack-Gladstone Financial in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 26 increasing their positions, 14 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 1

86% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 14

21% more capital invested

Capital invested by funds: $113M → $137M (+$23.8M)

3% more funds holding

Funds holding: 58 → 60 (+2)

Holders
60
Holders Change
+2
Holders Change %
+3.45%
% of All Funds
1.73%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
26
Reduced
14
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BCM
Basswood Capital Management
New York
+$2.17M
2
SCA
Stieven Capital Advisors
Missouri
+$1.87M
3
BFC
Banc Funds Company
Illinois
+$936K
4
PFP
Patriot Financial Partners
Pennsylvania
+$593K
5
BFA
BlackRock Fund Advisors
California
+$465K

Top Sellers

Rank Fund Capital Flow
1
EM
Endicott Management
New York
-$1.4M
2
Northern Trust
Northern Trust
Illinois
-$336K
3
PGFC
Peapack-Gladstone Financial Corp
New Jersey
-$294K
4
Morgan Stanley
Morgan Stanley
New York
-$92.7K
5
Bank of America
Bank of America
North Carolina
-$86.5K
Name Holding Trade Value Shares
Change 		Change in
Stake
California Public Employees Retirement System
26
California Public Employees Retirement System
California
$475K – – –
T. Rowe Price Associates
27
T. Rowe Price Associates
Maryland
$416K – – –
Deutsche Bank
28
Deutsche Bank
Germany
$398K +$145K +7,543 +71%
CNB
29
City National Bank
California
$385K – – –
MAM
30
Martingale Asset Management
Massachusetts
$360K +$50.8K +2,648 +19%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$354K -$5.7K -297 -2%
Citigroup
32
Citigroup
New York
$314K +$175K +9,098 +176%
TA
33
Teachers Advisors
New York
$305K – – –
Charles Schwab
34
Charles Schwab
California
$269K – – –
PAM
35
Panagora Asset Management
Massachusetts
$267K +$9.25K +482 +4%
RhumbLine Advisers
36
RhumbLine Advisers
Massachusetts
$239K -$8.25K -430 -4%
CS
37
Credit Suisse
Switzerland
$236K -$5.57K -290 -3%
MLICM
38
Metropolitan Life Insurance Company (MetLife)
New York
$230K +$201K +10,477 New
NFA
39
Nationwide Fund Advisors
Ohio
$208K +$16.9K +880 +10%
CCMH
40
Cornerstone Capital Management Holdings
New York
$202K +$115K +6,000 +188%
ProShare Advisors
41
ProShare Advisors
Maryland
$200K +$175K +9,102 New
BA
42
BlackRock Advisors
Delaware
$183K +$39.8K +2,074 +33%
AIG
43
American International Group
New York
$135K +$2.82K +147 +2%
U
44
UBS
Switzerland
$101K +$15.4K +804 +21%
Morgan Stanley
45
Morgan Stanley
New York
$99K -$92.7K -4,828 -51%
Bank of America
46
Bank of America
North Carolina
$64K -$86.5K -4,507 -61%
PNC Financial Services Group
47
PNC Financial Services Group
Pennsylvania
$58K – – –
PCM
48
Prelude Capital Management
New York
$40K +$34.5K +1,800 New
Acadian Asset Management
49
Acadian Asset Management
Massachusetts
$33K – – –
TRCT
50
Tower Research Capital (TRC)
New York
$26K -$44.7K -2,329 -67%
1
2
3

PGC Hedge Fund Activity: Q1 2014 in Review

60 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Peapack-Gladstone Financial (PGC) for Q1 2014, worth a combined $137M — up 21% from $113M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new PGC positions and 1 closed out — a net gain of 3 holders — while 26 added to existing stakes and 14 trimmed.

The largest buyer was Basswood Capital Management, adding an estimated $2.17M. The largest seller was Endicott Management, exiting entirely with an estimated $1.4M sold.

  • 60 institutional investors held Peapack-Gladstone Financial (PGC) as of Q1 2014, up from 58 in Q4 2013.
  • Funds reported $137M of Peapack-Gladstone Financial stock for Q1 2014, up 21% quarter-over-quarter.
  • 4 funds opened new Peapack-Gladstone Financial positions in Q1 2014 and 1 closed out, a net change of +3 holders.
  • The largest Peapack-Gladstone Financial buyer in Q1 2014 was Basswood Capital Management, an estimated $2.17M added.
  • The largest Peapack-Gladstone Financial seller in Q1 2014 was Endicott Management, an estimated $1.4M sold.

Based on aggregated 13F filings for Q1 2014.