Peapack-Gladstone Financial
PGC
117 hedge funds and large institutions have $365M invested in Peapack-Gladstone Financial in 2019 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 42 increasing their positions, 33 reducing their positions, and 17 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 33
4% more capital invested
Capital invested by funds: $351M → $365M (+$14M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.53% less ownership
Funds ownership: 72.46% → 71.93% (-0.53%)
4% less funds holding
Funds holding: 122 → 117 (-5)
29% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Brown Advisory
Baltimore,
Maryland
|
+$6.4M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
+$3.12M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$2.11M |
| 4 |
LBS
Lawrence B. Seidman
|
+$2.09M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$9.64M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.17M |
| 3 |
CAM
ClariVest Asset Management
San Diego,
California
|
-$2.09M |
| 4 |
Nordea Investment Management
Stockholm,
Sweden
|
-$1.82M |
| 5 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$1.77M |
PGC Hedge Fund Activity: Q1 2019 in Review
117 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Peapack-Gladstone Financial (PGC) for Q1 2019, worth a combined $365M — up 4% from $351M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of PGC and 12 opened new positions — a net loss of 5 holders — while 33 trimmed existing stakes and 42 added.
The largest buyer was Brown Advisory, adding an estimated $6.4M. The largest seller was Basswood Capital Management, cutting an estimated $9.64M.
- 117 institutional investors held Peapack-Gladstone Financial (PGC) as of Q1 2019, down from 122 in Q4 2018.
- Funds reported $365M of Peapack-Gladstone Financial stock for Q1 2019, up 4% quarter-over-quarter.
- 12 funds opened new Peapack-Gladstone Financial positions in Q1 2019 and 17 closed out, a net change of -5 holders.
- The largest Peapack-Gladstone Financial buyer in Q1 2019 was Brown Advisory, an estimated $6.4M added.
- The largest Peapack-Gladstone Financial seller in Q1 2019 was Basswood Capital Management, an estimated $9.64M sold.
Based on aggregated 13F filings for Q1 2019.