Peapack-Gladstone Financial
PGC
78 hedge funds and large institutions have $169M invested in Peapack-Gladstone Financial in 2016 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 36 increasing their positions, 14 reducing their positions, and 7 closing their positions.
157% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 7
157% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 14
15% more funds holding
Funds holding: 68 → 78 (+10)
18% less capital invested
Capital invested by funds: $205M → $169M (-$36.3M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EM
Endicott Management
New York
|
+$9.07M |
| 2 |
EC
EJF Capital
Arlington,
Virginia
|
+$4.53M |
| 3 |
PTC
Philadelphia Trust Company
Philadelphia,
Pennsylvania
|
+$1.87M |
| 4 |
Millennium Management
New York
|
+$1.61M |
| 5 |
Two Sigma Investments
New York
|
+$1.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$18.8M |
| 2 |
BCM
Basswood Capital Management
New York
|
-$6.61M |
| 3 |
MCM
Maltese Capital Management
New York
|
-$1.63M |
| 4 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$1.54M |
| 5 |
PAPAIJV
Paragon Associates & Paragon Associates II Joint Venture
Dallas,
Texas
|
-$1.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
BlackRock
New York
| $29K | +$15K | +828 | +94% |
|
|
HCM
77
Highlander Capital Management
Short Hills,
New Jersey
| $17K | – | – | – |
|
78
Geode Capital Management
Boston,
Massachusetts
| $1.83K | +$286K | +15,785 | +17% |
|
|
PAPAIJV
79
Paragon Associates & Paragon Associates II Joint Venture
Dallas,
Texas
| – | -$1.03M | -50,000 | Closed |
|
|
B
80
Bailard
Foster City,
California
| – | -$665K | -32,251 | Closed |
|
|
SCM
81
Sterling Capital Management
Charlotte,
North Carolina
| – | -$412K | -20,000 | Closed |
|
82
BNP Paribas Financial Markets
Paris,
France
| – | -$59.1K | -2,864 | Closed |
|
83
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$12K | -572 | Closed |
|
84
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$10K | -508 | Closed |
|
PGC Hedge Fund Activity: Q1 2016 in Review
78 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Peapack-Gladstone Financial (PGC) for Q1 2016, worth a combined $169M — down 18% from $205M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new PGC positions and 7 closed out — a net gain of 11 holders — while 36 added to existing stakes and 14 trimmed.
The largest buyer was Endicott Management, opening a new position worth an estimated $9.07M. The largest seller was Wellington Management Group, cutting an estimated $18.8M.
- 78 institutional investors held Peapack-Gladstone Financial (PGC) as of Q1 2016, up from 68 in Q4 2015.
- Funds reported $169M of Peapack-Gladstone Financial stock for Q1 2016, down 18% quarter-over-quarter.
- 18 funds opened new Peapack-Gladstone Financial positions in Q1 2016 and 7 closed out, a net change of +11 holders.
- The largest Peapack-Gladstone Financial buyer in Q1 2016 was Endicott Management, an estimated $9.07M added.
- The largest Peapack-Gladstone Financial seller in Q1 2016 was Wellington Management Group, an estimated $18.8M sold.
Based on aggregated 13F filings for Q1 2016.