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Peapack-Gladstone Financial
PGC

57 hedge funds and large institutions have $134M invested in Peapack-Gladstone Financial in 2014 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 29 increasing their positions, 12 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

142% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 12

2% less capital invested

Capital invested by funds: $137M → $134M (-$3.34M)

5% less funds holding

Funds holding: 60 → 57 (-3)

50% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 6

Holders
57
Holders Change
-3
Holders Change %
-5%
% of All Funds
1.64%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
29
Reduced
12
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
+$999K
2
PFP
Patriot Financial Partners
Pennsylvania
+$965K
3
State Street
State Street
Massachusetts
+$346K
4
BCM
Basswood Capital Management
New York
+$335K
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$273K

Top Sellers

Rank Fund Capital Flow
1
BFA
BlackRock Fund Advisors
California
-$562K
2
PGFC
Peapack-Gladstone Financial Corp
New Jersey
-$460K
3
MAM
Martingale Asset Management
Massachusetts
-$360K
4
Deutsche Bank
Deutsche Bank
Germany
-$355K
5
Citigroup
Citigroup
New York
-$279K
Name Holding Trade Value Shares
Change 		Change in
Stake
PGFC
1
Peapack-Gladstone Financial Corp
New Jersey
$18.4M -$460K -23,378 -3%
BFC
2
Banc Funds Company
Illinois
$16.3M – – –
Wellington Management Group
3
Wellington Management Group
Massachusetts
$14.5M +$999K +50,757 +8%
RA
4
Royce & Associates
New York
$14M – – –
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$7.58M +$21.8K +1,109 +0.3%
BIT
6
BlackRock Institutional Trust
California
$6.8M +$204K +10,346 +3%
BFA
7
BlackRock Fund Advisors
California
$6.48M -$562K -28,572 -9%
PFP
8
Patriot Financial Partners
Pennsylvania
$6.36M +$965K +49,000 +20%
SCA
9
Stieven Capital Advisors
Missouri
$5.14M -$19.7K -1,000 -0.4%
Vanguard Group
10
Vanguard Group
Pennsylvania
$4.68M +$5.53K +281 +0.1%
JAM
11
Jacobs Asset Management
New York
$4.38M – – –
State Street
12
State Street
Massachusetts
$3.58M +$346K +17,560 +12%
BCM
13
Basswood Capital Management
New York
$3.36M +$335K +17,026 +12%
Northern Trust
14
Northern Trust
Illinois
$2.79M +$45.1K +2,290 +2%
EC
15
EJF Capital
Virginia
$2.59M +$91K +4,622 +4%
CCM
16
Condor Capital Management
New Jersey
$2.17M -$28.2K -1,433 -1%
CC
17
Consector Capital
New York
$1.56M – – –
Bank of New York Mellon
18
Bank of New York Mellon
New York
$1.49M +$186K +9,433 +16%
Renaissance Technologies
19
Renaissance Technologies
New York
$1.45M -$101K -5,147 -7%
BCM
20
Bridgeway Capital Management
Texas
$1.24M – – –
CAM
21
Cacti Asset Management
Georgia
$1.21M – – –
TCIM
22
TIAA CREF Investment Management
New York
$1.1M +$1.22K +62 +0.1%
Geode Capital Management
23
Geode Capital Management
Massachusetts
$964K +$273K +13,882 +44%
BIM
24
BlackRock Investment Management
Delaware
$851K +$49.2K +2,499 +7%
California Public Employees Retirement System
25
California Public Employees Retirement System
California
$481K – – –
1
2 3

PGC Hedge Fund Activity: Q2 2014 in Review

57 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Peapack-Gladstone Financial (PGC) for Q2 2014, worth a combined $134M — down 2.4% from $137M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of PGC and 3 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 29 added.

The largest buyer was Wellington Management Group, adding an estimated $999K. The largest seller was BlackRock Fund Advisors, cutting an estimated $562K.

  • 57 institutional investors held Peapack-Gladstone Financial (PGC) as of Q2 2014, down from 60 in Q1 2014.
  • Funds reported $134M of Peapack-Gladstone Financial stock for Q2 2014, down 2.4% quarter-over-quarter.
  • 3 funds opened new Peapack-Gladstone Financial positions in Q2 2014 and 6 closed out, a net change of -3 holders.
  • The largest Peapack-Gladstone Financial buyer in Q2 2014 was Wellington Management Group, an estimated $999K added.
  • The largest Peapack-Gladstone Financial seller in Q2 2014 was BlackRock Fund Advisors, an estimated $562K sold.

Based on aggregated 13F filings for Q2 2014.