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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$2.17M |
| 2 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
+$1.87M |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$936K |
| 4 |
PFP
Patriot Financial Partners
Radnor,
Pennsylvania
|
+$593K |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$465K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EM
Endicott Management
New York
|
-$1.4M |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$336K |
| 3 |
PGFC
Peapack-Gladstone Financial Corp
Bedminster,
New Jersey
|
-$294K |
| 4 |
Morgan Stanley
New York
|
-$92.7K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$86.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Royal Bank of Canada
Toronto,
Ontario, Canada
| $23K | -$11.5K | -600 | -36% |
|
|
GT
52
Glenmede Trust
Philadelphia,
Pennsylvania
| $16K | – | – | – |
|
53
Invesco
Atlanta,
Georgia
| $15K | +$13.1K | +681 | New |
|
54
Barclays
London,
United Kingdom
| $10K | -$12.6K | -656 | -60% |
|
|
PSI
55
Pinnacle Summer Investments
Fairfax,
Virginia
| $10K | – | – | – |
|
56
BlackRock
New York
| $9K | +$1.46K | +76 | +23% |
|
57
Wells Fargo
San Francisco,
California
| $2K | -$269 | -14 | -14% |
|
58
Creative Planning
Overland Park,
Kansas
| $2K | – | – | – |
|
59
BNP Paribas Financial Markets
Paris,
France
| $171 | -$2.05K | -107 | -92% |
|
60
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $35 | – | – | – |
|
|
EM
61
Endicott Management
New York
| – | -$1.4M | -73,530 | Closed |
|
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.