Peapack-Gladstone Financial
PGC
114 hedge funds and large institutions have $226M invested in Peapack-Gladstone Financial in 2020 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 47 increasing their positions, 37 reducing their positions, and 16 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 37
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3.29% less ownership
Funds ownership: 70.48% → 67.19% (-3.3%)
6% less funds holding
Funds holding: 121 → 114 (-7)
25% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 16
45% less capital invested
Capital invested by funds: $415M → $226M (-$189M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $8.97M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$3.94M |
| 2 |
Renaissance Technologies
New York
|
+$2.61M |
| 3 |
LBS
Lawrence B. Seidman
|
+$1.98M |
| 4 |
Millennium Management
New York
|
+$1.74M |
| 5 |
MCM
Maltese Capital Management
New York
|
+$1.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
-$17M |
| 2 |
EM
Endicott Management
New York
|
-$13.2M |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$5.08M |
| 4 |
PTC
Philadelphia Trust Company
Philadelphia,
Pennsylvania
|
-$1.59M |
| 5 |
Morgan Stanley
New York
|
-$1.34M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCM
126
Hilton Capital Management
Garden City,
New York
| – | -$250K | -8,100 | Closed |
|
|
RG
127
Rikoon Group
Santa Fe,
New Mexico
| – | -$229K | -7,400 | Closed |
|
|
PWMG
128
Prestige Wealth Management Group
Flemington,
New Jersey
| – | -$160K | -5,175 | Closed |
|
|
PFBT
129
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| – | -$17K | -537 | Closed |
|
130
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$1.56K | -59 | -83% |
|
PGC Hedge Fund Activity: Q1 2020 in Review
114 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Peapack-Gladstone Financial (PGC) for Q1 2020, worth a combined $226M — down 45% from $415M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of PGC and 12 opened new positions — a net loss of 4 holders — while 37 trimmed existing stakes and 47 added.
The largest buyer was Fuller & Thaler Asset Management, opening a new position worth an estimated $3.94M. The largest seller was Boston Partners, exiting entirely with an estimated $17M sold.
- 114 institutional investors held Peapack-Gladstone Financial (PGC) as of Q1 2020, down from 121 in Q4 2019.
- Funds reported $226M of Peapack-Gladstone Financial stock for Q1 2020, down 45% quarter-over-quarter.
- 12 funds opened new Peapack-Gladstone Financial positions in Q1 2020 and 16 closed out, a net change of -4 holders.
- The largest Peapack-Gladstone Financial buyer in Q1 2020 was Fuller & Thaler Asset Management, an estimated $3.94M added.
- The largest Peapack-Gladstone Financial seller in Q1 2020 was Boston Partners, an estimated $17M sold.
Based on aggregated 13F filings for Q1 2020.