Peapack-Gladstone Financial
PGC
57 hedge funds and large institutions have $134M invested in Peapack-Gladstone Financial in 2014 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 29 increasing their positions, 12 reducing their positions, and 6 closing their positions.
142% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 12
2% less capital invested
Capital invested by funds: $137M → $134M (-$3.34M)
5% less funds holding
Funds holding: 60 → 57 (-3)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$999K |
| 2 |
PFP
Patriot Financial Partners
Radnor,
Pennsylvania
|
+$965K |
| 3 |
State Street
Boston,
Massachusetts
|
+$346K |
| 4 |
BCM
Basswood Capital Management
New York
|
+$335K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$273K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$562K |
| 2 |
PGFC
Peapack-Gladstone Financial Corp
Bedminster,
New Jersey
|
-$460K |
| 3 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$360K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$355K |
| 5 |
Citigroup
New York
|
-$279K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $12K | -$40.5K | -2,058 | -77% |
|
|
PSI
52
Pinnacle Summer Investments
Fairfax,
Virginia
| $11K | – | – | – |
|
53
BlackRock
New York
| $9K | +$79 | +4 | +1% |
|
54
Bank of Montreal
Toronto,
Ontario, Canada
| $6K | +$5.91K | +300 | New |
|
55
BNP Paribas Financial Markets
Paris,
France
| $5.75K | +$5.16K | +262 | +2,911% |
|
|
56
Citigroup
New York
| $2K | -$279K | -14,175 | -99% |
|
|
57
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $1K | -$355K | -18,048 | -99% |
|
|
MAM
58
Martingale Asset Management
Boston,
Massachusetts
| – | -$360K | -16,355 | Closed |
|
|
CS
59
Credit Suisse
Zurich,
Switzerland
| – | -$236K | -10,724 | Closed |
|
60
ProShare Advisors
Bethesda,
Maryland
| – | -$200K | -9,102 | Closed |
|
61
Acadian Asset Management
Boston,
Massachusetts
| – | -$33K | -1,502 | Closed |
|
|
TRCT
62
Tower Research Capital (TRC)
New York
| – | -$26K | -1,171 | Closed |
|
63
Creative Planning
Overland Park,
Kansas
| – | -$2K | -110 | Closed |
|
PGC Hedge Fund Activity: Q2 2014 in Review
57 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Peapack-Gladstone Financial (PGC) for Q2 2014, worth a combined $134M — down 2.4% from $137M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PGC and 3 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 29 added.
The largest buyer was Wellington Management Group, adding an estimated $999K. The largest seller was BlackRock Fund Advisors, cutting an estimated $562K.
- 57 institutional investors held Peapack-Gladstone Financial (PGC) as of Q2 2014, down from 60 in Q1 2014.
- Funds reported $134M of Peapack-Gladstone Financial stock for Q2 2014, down 2.4% quarter-over-quarter.
- 3 funds opened new Peapack-Gladstone Financial positions in Q2 2014 and 6 closed out, a net change of -3 holders.
- The largest Peapack-Gladstone Financial buyer in Q2 2014 was Wellington Management Group, an estimated $999K added.
- The largest Peapack-Gladstone Financial seller in Q2 2014 was BlackRock Fund Advisors, an estimated $562K sold.
Based on aggregated 13F filings for Q2 2014.