Peapack-Gladstone Financial
PGC
119 hedge funds and large institutions have $332M invested in Peapack-Gladstone Financial in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 45 increasing their positions, 44 reducing their positions, and 12 closing their positions.
2% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 44
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.18% less ownership
Funds ownership: 72.54% → 72.37% (-0.18%)
4% less funds holding
Funds holding: 124 → 119 (-5)
6% less capital invested
Capital invested by funds: $354M → $332M (-$22.5M)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NRCM
North Reef Capital Management
Laguna Beach,
California
|
+$6.02M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$2.76M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$1.97M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$1.81M |
| 5 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$1.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$3.34M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
-$1.94M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$1.57M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$1.36M |
| 5 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$1.18M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VRS
126
Virginia Retirement Systems
Richmond,
Virginia
| – | -$333K | -12,300 | Closed |
|
127
Balyasny Asset Management
Chicago,
Illinois
| – | -$266K | -9,839 | Closed |
|
|
AA
128
ALPS Advisors
Denver,
Colorado
| – | -$258K | -9,545 | Closed |
|
129
Lazard Asset Management
New York
| – | -$65K | -2,406 | Closed |
|
|
FBC
130
Fairfield, Bush & Co
Darien,
Connecticut
| – | -$8.12K | -300 | Closed |
|
|
HIA
131
Harbor Investment Advisory
Lutherville,
Maryland
| – | -$1.57K | -58 | Closed |
|
PGC Hedge Fund Activity: Q3 2023 in Review
119 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Peapack-Gladstone Financial (PGC) for Q3 2023, worth a combined $332M — down 6.3% from $354M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of PGC and 8 opened new positions — a net loss of 4 holders — while 44 trimmed existing stakes and 45 added.
The largest buyer was North Reef Capital Management, adding an estimated $6.02M. The largest seller was JP Morgan Chase, cutting an estimated $3.34M.
- 119 institutional investors held Peapack-Gladstone Financial (PGC) as of Q3 2023, down from 124 in Q2 2023.
- Funds reported $332M of Peapack-Gladstone Financial stock for Q3 2023, down 6.3% quarter-over-quarter.
- 8 funds opened new Peapack-Gladstone Financial positions in Q3 2023 and 12 closed out, a net change of -4 holders.
- The largest Peapack-Gladstone Financial buyer in Q3 2023 was North Reef Capital Management, an estimated $6.02M added.
- The largest Peapack-Gladstone Financial seller in Q3 2023 was JP Morgan Chase, an estimated $3.34M sold.
Based on aggregated 13F filings for Q3 2023.