Peapack-Gladstone Financial
PGC
117 hedge funds and large institutions have $316M invested in Peapack-Gladstone Financial in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 45 increasing their positions, 40 reducing their positions, and 14 closing their positions.
113% more call options, than puts
Call options by funds: $32K | Put options by funds: $15K
13% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 40
0.39% more ownership
Funds ownership: 72.93% → 73.32% (+0.39%)
3% less funds holding
Funds holding: 121 → 117 (-4)
14% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 14
18% less capital invested
Capital invested by funds: $387M → $316M (-$71.2M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$6.17M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$1.43M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$962K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$865K |
| 5 |
State Street
Boston,
Massachusetts
|
+$776K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$4.59M |
| 2 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$3.22M |
| 3 |
BlackRock
New York
|
-$2.64M |
| 4 |
Morgan Stanley
New York
|
-$1.96M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$873K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Acadian Asset Management
Boston,
Massachusetts
| – | -$47K | -1,578 | Closed |
|
|
PA
127
Parallel Advisors
San Francisco,
California
| – | -$23.3K | -781 | Closed |
|
|
FBC
128
Fairfield, Bush & Co
Darien,
Connecticut
| – | -$8.95K | -300 | Closed |
|
|
VCM
129
Versant Capital Management
Phoenix,
Arizona
| – | -$626 | -21 | Closed |
|
|
EWA
130
EverSource Wealth Advisors
Birmingham,
Alabama
| – | -$596 | -20 | Closed |
|
|
AF
131
Allworth Financial
Folsom,
California
| – | -$269 | -9 | Closed |
|
PGC Hedge Fund Activity: Q1 2024 in Review
117 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Peapack-Gladstone Financial (PGC) for Q1 2024, worth a combined $316M — down 18% from $387M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of PGC and 12 opened new positions — a net loss of 2 holders — while 40 trimmed existing stakes and 45 added.
The largest buyer was Hotchkis & Wiley Capital Management, opening a new position worth an estimated $6.17M. The largest seller was Basswood Capital Management, exiting entirely with an estimated $4.59M sold.
- 117 institutional investors held Peapack-Gladstone Financial (PGC) as of Q1 2024, down from 121 in Q4 2023.
- Funds reported $316M of Peapack-Gladstone Financial stock for Q1 2024, down 18% quarter-over-quarter.
- 12 funds opened new Peapack-Gladstone Financial positions in Q1 2024 and 14 closed out, a net change of -2 holders.
- The largest Peapack-Gladstone Financial buyer in Q1 2024 was Hotchkis & Wiley Capital Management, an estimated $6.17M added.
- The largest Peapack-Gladstone Financial seller in Q1 2024 was Basswood Capital Management, an estimated $4.59M sold.
Based on aggregated 13F filings for Q1 2024.