Peapack-Gladstone Financial
PGC
121 hedge funds and large institutions have $425M invested in Peapack-Gladstone Financial in 2018 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 49 increasing their positions, 34 reducing their positions, and 11 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 34
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.1% less ownership
Funds ownership: 72.43% → 72.33% (-0.1%)
1% less funds holding
Funds holding: 122 → 121 (-1)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
10% less capital invested
Capital invested by funds: $474M → $425M (-$49.3M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $3.09M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Russell Investments Group
London,
United Kingdom
|
+$8.54M |
| 2 |
PTC
Philadelphia Trust Company
Philadelphia,
Pennsylvania
|
+$3.27M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.77M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
+$1.93M |
| 5 |
Millennium Management
New York
|
+$1.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$9.08M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$2.13M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$1.73M |
| 4 |
CAM
ClariVest Asset Management
San Diego,
California
|
-$1.65M |
| 5 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$1.57M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Balyasny Asset Management
Chicago,
Illinois
| – | -$519K | -15,000 | Closed |
|
127
Squarepoint
New York
| – | -$208K | -6,011 | Closed |
|
|
IC
128
Inverness Counsel
New York
| – | -$208K | -6,000 | Closed |
|
|
FAM
129
Fred Alger Management
New York
| – | -$160K | -4,614 | Closed |
|
130
New York State Teachers Retirement System (NYSTRS)
Albany,
New York
| – | -$55K | -1,600 | Closed |
|
|
PIA
131
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$11K | -318 | Closed |
|
|
PA
132
Parallel Advisors
San Francisco,
California
| – | -$1K | -36 | Closed |
|
PGC Hedge Fund Activity: Q3 2018 in Review
121 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Peapack-Gladstone Financial (PGC) for Q3 2018, worth a combined $425M — down 10% from $474M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of PGC and 10 opened new positions — a net loss of 1 holder — while 34 trimmed existing stakes and 49 added.
The largest buyer was Russell Investments Group, adding an estimated $8.54M. The largest seller was Wellington Management Group, cutting an estimated $9.08M.
- 121 institutional investors held Peapack-Gladstone Financial (PGC) as of Q3 2018, down from 122 in Q2 2018.
- Funds reported $425M of Peapack-Gladstone Financial stock for Q3 2018, down 10% quarter-over-quarter.
- 10 funds opened new Peapack-Gladstone Financial positions in Q3 2018 and 11 closed out, a net change of -1 holder.
- The largest Peapack-Gladstone Financial buyer in Q3 2018 was Russell Investments Group, an estimated $8.54M added.
- The largest Peapack-Gladstone Financial seller in Q3 2018 was Wellington Management Group, an estimated $9.08M sold.
Based on aggregated 13F filings for Q3 2018.