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Peapack-Gladstone Financial
PGC

58 hedge funds and large institutions have $113M invested in Peapack-Gladstone Financial in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 8 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

338% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 8

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

58% more capital invested

Capital invested by funds: $71.9M → $113M (+$41.5M)

5% more funds holding

Funds holding: 55 → 58 (+3)

Holders
58
Holders Change
+3
Holders Change %
+5.45%
% of All Funds
1.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
35
Reduced
8
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
+$6.69M
2
BFC
Banc Funds Company
Illinois
+$6.43M
3
JAM
Jacobs Asset Management
New York
+$3.7M
4
PFP
Patriot Financial Partners
Pennsylvania
+$3.65M
5
SCA
Stieven Capital Advisors
Missouri
+$2.67M

Top Sellers

Rank Fund Capital Flow
1
MI
M3F Inc
Utah
-$1.23M
2
FBC
Fairfield, Bush & Co
Connecticut
-$68K
3
CCA
Catalyst Capital Advisors
New York
-$65K
4
RFC
Russell Frank Company
Washington
-$48K
5
Deutsche Bank
Deutsche Bank
Germany
-$43K
Name Holding Trade Value Shares
Change 		Change in
Stake
PGFC
1
Peapack-Gladstone Financial Corp
New Jersey
$17.3M +$169K +9,286 +1%
BFC
2
Banc Funds Company
Illinois
$13.8M +$6.43M +352,058 +96%
RA
3
Royce & Associates
New York
$12.6M +$2.08M +114,080 +21%
Wellington Management Group
4
Wellington Management Group
Massachusetts
$12.1M +$6.69M +366,654 +138%
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$6.75M +$1.41M +77,103 +28%
BFA
6
BlackRock Fund Advisors
California
$5.92M +$891K +48,818 +19%
BIT
7
BlackRock Institutional Trust
California
$5.53M +$1.09M +59,610 +26%
PFP
8
Patriot Financial Partners
Pennsylvania
$4.2M +$3.65M +200,011 +1,000%
Vanguard Group
9
Vanguard Group
Pennsylvania
$4.14M +$906K +49,622 +30%
JAM
10
Jacobs Asset Management
New York
$3.87M +$3.7M +202,754 New
State Street
11
State Street
Massachusetts
$2.9M +$553K +30,294 +25%
Northern Trust
12
Northern Trust
Illinois
$2.81M +$504K +27,595 +23%
SCA
13
Stieven Capital Advisors
Missouri
$2.79M +$2.67M +146,048 New
EC
14
EJF Capital
Virginia
$2.25M +$2.15M +117,648 New
CCM
15
Condor Capital Management
New Jersey
$1.74M +$925K +50,694 +125%
CC
16
Consector Capital
New York
$1.4M +$1.34M +73,530 New
EM
17
Endicott Management
New York
$1.4M +$1.34M +73,530 New
Renaissance Technologies
18
Renaissance Technologies
New York
$1.3M +$367K +20,123 +42%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$1.21M +$214K +11,752 +23%
CAM
20
Cacti Asset Management
Georgia
$1.12M +$160K +8,756 +18%
BCM
21
Bridgeway Capital Management
Texas
$1.1M +$222K +12,189 +27%
TCIM
22
TIAA CREF Investment Management
New York
$934K +$117K +6,417 +15%
BIM
23
BlackRock Investment Management
Delaware
$600K -$894 -49 -0.2%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$593K +$127K +6,946 +29%
BCM
25
Basswood Capital Management
New York
$546K +$521K +28,572 New
1
2 3

PGC Hedge Fund Activity: Q4 2013 in Review

58 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Peapack-Gladstone Financial (PGC) for Q4 2013, worth a combined $113M — up 58% from $71.9M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new PGC positions and 6 closed out — a net gain of 4 holders — while 35 added to existing stakes and 8 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $6.69M. The largest seller was M3F Inc, exiting entirely with an estimated $1.23M sold.

  • 58 institutional investors held Peapack-Gladstone Financial (PGC) as of Q4 2013, up from 55 in Q3 2013.
  • Funds reported $113M of Peapack-Gladstone Financial stock for Q4 2013, up 58% quarter-over-quarter.
  • 10 funds opened new Peapack-Gladstone Financial positions in Q4 2013 and 6 closed out, a net change of +4 holders.
  • The largest Peapack-Gladstone Financial buyer in Q4 2013 was Wellington Management Group, an estimated $6.69M added.
  • The largest Peapack-Gladstone Financial seller in Q4 2013 was M3F Inc, an estimated $1.23M sold.

Based on aggregated 13F filings for Q4 2013.