Peapack-Gladstone Financial
PGC
82 hedge funds and large institutions have $236M invested in Peapack-Gladstone Financial in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 40 increasing their positions, 19 reducing their positions, and 5 closing their positions.
111% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 19
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
24% more capital invested
Capital invested by funds: $190M → $236M (+$45.4M)
4% more funds holding
Funds holding: 79 → 82 (+3)
100% less call options, than puts
Call options by funds: $1K | Put options by funds: $356K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$1.96M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$1.59M |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$1.22M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
+$721K |
| 5 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$696K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.92M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.1M |
| 3 |
MCM
Maltese Capital Management
New York
|
-$937K |
| 4 |
Two Sigma Investments
New York
|
-$421K |
| 5 |
LBS
Lawrence B. Seidman
|
-$322K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Legal & General Group
London,
United Kingdom
| $61K | – | – | – |
|
77
BNP Paribas Financial Markets
Paris,
France
| $26.1K | +$11.4K | +560 | +93% |
|
78
Fuller & Thaler Asset Management
San Mateo,
California
| $16K | – | – | – |
|
79
Federated Hermes
Pittsburgh,
Pennsylvania
| $10K | +$6.14K | +302 | +240% |
|
80
Barclays
London,
United Kingdom
| $4K | -$155K | -7,636 | -97% |
|
81
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $4K | +$3.25K | +160 | New |
|
|
TCIM
82
TIAA CREF Investment Management
New York
| $1.73K | +$78.9K | +3,882 | +5% |
|
|
CRC
83
Curi RMB Capital
Chicago,
Illinois
| – | -$1.92M | -103,868 | Closed |
|
|
LBS
84
Lawrence B. Seidman
| – | -$322K | -17,392 | Closed |
|
|
UM
85
Ulysses Management
New York
| – | -$86K | -4,648 | Closed |
|
86
Axa
Paris,
France
| – | -$70K | -3,800 | Closed |
|
|
TRCT
87
Tower Research Capital (TRC)
New York
| – | -$30K | -1,649 | Closed |
|
PGC Hedge Fund Activity: Q3 2016 in Review
82 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Peapack-Gladstone Financial (PGC) for Q3 2016, worth a combined $236M — up 24% from $190M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PGC positions and 5 closed out — a net gain of 3 holders — while 40 added to existing stakes and 19 trimmed.
The largest buyer was Basswood Capital Management, adding an estimated $1.96M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $1.92M sold.
- 82 institutional investors held Peapack-Gladstone Financial (PGC) as of Q3 2016, up from 79 in Q2 2016.
- Funds reported $236M of Peapack-Gladstone Financial stock for Q3 2016, up 24% quarter-over-quarter.
- 8 funds opened new Peapack-Gladstone Financial positions in Q3 2016 and 5 closed out, a net change of +3 holders.
- The largest Peapack-Gladstone Financial buyer in Q3 2016 was Basswood Capital Management, an estimated $1.96M added.
- The largest Peapack-Gladstone Financial seller in Q3 2016 was Curi RMB Capital, an estimated $1.92M sold.
Based on aggregated 13F filings for Q3 2016.