Peapack-Gladstone Financial
PGC
121 hedge funds and large institutions have $387M invested in Peapack-Gladstone Financial in 2023 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 38 increasing their positions, 45 reducing their positions, and 11 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
27% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 11
17% more capital invested
Capital invested by funds: $332M → $387M (+$55.6M)
2% more funds holding
Funds holding: 119 → 121 (+2)
0.56% more ownership
Funds ownership: 72.37% → 72.93% (+0.56%)
16% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$4M |
| 2 |
BlackRock
New York
|
+$3.56M |
| 3 |
Morgan Stanley
New York
|
+$2.59M |
| 4 |
GCM
GoodHaven Capital Management
Millburn,
New Jersey
|
+$1.91M |
| 5 |
State Street
Boston,
Massachusetts
|
+$850K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$4.8M |
| 2 |
NRCM
North Reef Capital Management
Laguna Beach,
California
|
-$3.07M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$1.44M |
| 4 |
GC
Globeflex Capital
San Diego,
California
|
-$977K |
| 5 |
SM
Salzhauer Michael
|
-$905K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
YIH
126
Y-Intercept (HK)
Hong Kong
| – | -$348K | -13,568 | Closed |
|
127
Squarepoint
New York
| – | -$262K | -10,197 | Closed |
|
128
Allspring Global Investments
Charlotte,
North Carolina
| – | -$69.7K | -2,716 | Closed |
|
|
QT
129
Quantbot Technologies
New York
| – | -$25K | -973 | Closed |
|
130
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$6.22K | -239 | -96% |
|
|
HNB
131
Huntington National Bank
Columbus,
Ohio
| – | -$2.75K | -107 | Closed |
|
|
GRP
132
Global Retirement Partners
San Rafael,
California
| – | -$180 | -7 | Closed |
|
PGC Hedge Fund Activity: Q4 2023 in Review
121 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Peapack-Gladstone Financial (PGC) for Q4 2023, worth a combined $387M — up 17% from $332M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PGC positions and 11 closed out — a net gain of 3 holders — while 38 added to existing stakes and 45 trimmed.
The largest buyer was Basswood Capital Management, opening a new position worth an estimated $4M. The largest seller was JP Morgan Chase, cutting an estimated $4.8M.
- 121 institutional investors held Peapack-Gladstone Financial (PGC) as of Q4 2023, up from 119 in Q3 2023.
- Funds reported $387M of Peapack-Gladstone Financial stock for Q4 2023, up 17% quarter-over-quarter.
- 14 funds opened new Peapack-Gladstone Financial positions in Q4 2023 and 11 closed out, a net change of +3 holders.
- The largest Peapack-Gladstone Financial buyer in Q4 2023 was Basswood Capital Management, an estimated $4M added.
- The largest Peapack-Gladstone Financial seller in Q4 2023 was JP Morgan Chase, an estimated $4.8M sold.
Based on aggregated 13F filings for Q4 2023.