Peapack-Gladstone Financial
PGC
114 hedge funds and large institutions have $243M invested in Peapack-Gladstone Financial in 2020 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 44 increasing their positions, 37 reducing their positions, and 12 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
19% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 37
7% more capital invested
Capital invested by funds: $226M → $243M (+$16.6M)
1.76% more ownership
Funds ownership: 67.17% → 68.93% (+1.8%)
0% more funds holding
Funds holding: 114 → 114 (0)
0% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EM
Endicott Management
New York
|
+$8.85M |
| 2 |
MFIMFI
Mesirow Financial Investment Management - Fixed Income
Chicago,
Illinois
|
+$1.93M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$1.26M |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$1.2M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$751K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$2.29M |
| 2 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
-$2.19M |
| 3 |
PGFC
Peapack-Gladstone Financial Corp
Bedminster,
New Jersey
|
-$1.93M |
| 4 |
Renaissance Technologies
New York
|
-$1.13M |
| 5 |
BlackRock
New York
|
-$997K |
PGC Hedge Fund Activity: Q2 2020 in Review
114 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Peapack-Gladstone Financial (PGC) for Q2 2020, worth a combined $243M — up 7.4% from $226M a quarter earlier.
Fund positioning in PGC was balanced in Q2 2020: 12 funds opened new positions, 12 closed out, 44 added to existing stakes and 37 trimmed.
The largest buyer was Endicott Management, opening a new position worth an estimated $8.85M. The largest seller was Basswood Capital Management, exiting entirely with an estimated $2.29M sold.
- 114 institutional investors held Peapack-Gladstone Financial (PGC) as of Q2 2020, unchanged from Q1 2020.
- Funds reported $243M of Peapack-Gladstone Financial stock for Q2 2020, up 7.4% quarter-over-quarter.
- 12 funds opened new Peapack-Gladstone Financial positions in Q2 2020 and 12 closed out, a net change of 0 holders.
- The largest Peapack-Gladstone Financial buyer in Q2 2020 was Endicott Management, an estimated $8.85M added.
- The largest Peapack-Gladstone Financial seller in Q2 2020 was Basswood Capital Management, an estimated $2.29M sold.
Based on aggregated 13F filings for Q2 2020.