Park Sterling Corp.
PSTB
PSTB was delisted on the 30th of November, 2017.
120 hedge funds and large institutions have $546M invested in Park Sterling Corp. in 2017 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 44 increasing their positions, 34 reducing their positions, and 19 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 34
5% more capital invested
Capital invested by funds: $522M → $546M (+$23.5M)
3% less funds holding
Funds holding: 124 → 120 (-4)
21% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 19
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIC
Water Island Capital
New York
|
+$11.9M |
| 2 |
Renaissance Technologies
New York
|
+$4.8M |
| 3 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
+$3.79M |
| 4 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$3.23M |
| 5 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$2.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$14.8M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$3.8M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.36M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$3.31M |
| 5 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$3.11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SIM
126
Spark Investment Management
New York
| – | -$355K | -29,900 | Closed |
|
|
VF
127
Virtu Financial
New York
| – | -$274K | -23,096 | Closed |
|
|
GC
128
Guggenheim Capital
Chicago,
Illinois
| – | -$212K | -17,770 | Closed |
|
129
Squarepoint
New York
| – | -$193K | -16,280 | Closed |
|
130
AQR Capital Management
Greenwich,
Connecticut
| – | -$180K | -15,117 | Closed |
|
|
BCM
131
BlueCrest Capital Management
St Helier,
Jersey
| – | -$142K | -11,943 | Closed |
|
|
ARTA
132
A.R.T. Advisors
New York
| – | -$123K | -10,401 | Closed |
|
|
BTNA
133
Bremer Trust National Association
St. Cloud,
Minnesota
| – | -$120K | -10,125 | Closed |
|
|
TDC
134
Thompson Davis & Co
Richmond,
Virginia
| – | -$59K | -5,000 | Closed |
|
|
AIM
135
Acrospire Investment Management
Chicago,
Illinois
| – | -$44K | -3,672 | Closed |
|
|
EA
136
Edge Advisors
Atlanta,
Georgia
| – | -$2K | -251 | Closed |
|
137
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$1.11K | -96 | -64% |
|
PSTB Hedge Fund Activity: Q3 2017 in Review
120 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Park Sterling Corp. (PSTB) for Q3 2017, worth a combined $546M — up 4.5% from $522M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of PSTB and 15 opened new positions — a net loss of 4 holders — while 34 trimmed existing stakes and 44 added.
The largest buyer was Water Island Capital, adding an estimated $11.9M. The largest seller was Banc Funds Company, cutting an estimated $14.8M.
- 120 institutional investors held Park Sterling Corp. (PSTB) as of Q3 2017, down from 124 in Q2 2017.
- Funds reported $546M of Park Sterling Corp. stock for Q3 2017, up 4.5% quarter-over-quarter.
- 15 funds opened new Park Sterling Corp. positions in Q3 2017 and 19 closed out, a net change of -4 holders.
- The largest Park Sterling Corp. buyer in Q3 2017 was Water Island Capital, an estimated $11.9M added.
- The largest Park Sterling Corp. seller in Q3 2017 was Banc Funds Company, an estimated $14.8M sold.
Based on aggregated 13F filings for Q3 2017.