Preferred Bank Shares Sold by WINTON GROUP Ltd

Hedge fund reduces stake in California bank by two-thirds

Mar. 12, 2026 at 11:54am

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WINTON GROUP Ltd, a hedge fund, has reduced its position in Preferred Bank (NASDAQ:PFBC) by 66.8% during the third quarter, according to a recent SEC filing. The fund now owns 13,986 shares of the bank's stock, down from 42,116 shares previously.

Why it matters

The reduction in WINTON GROUP's stake in Preferred Bank, a California-based commercial bank, could signal a shift in the hedge fund's investment strategy or a broader change in sentiment around the bank's prospects.

The details

According to the SEC filing, WINTON GROUP sold 28,130 shares of Preferred Bank during the third quarter, leaving it with a remaining stake of 13,986 shares worth approximately $1.26 million. The bank, headquartered in Los Angeles, offers a range of commercial banking services with a focus on commercial real estate lending, business banking, and deposit accounts.

  • The share sale occurred during the third quarter of the year.

The players

WINTON GROUP Ltd

A hedge fund that has reduced its stake in Preferred Bank by two-thirds.

Preferred Bank

A California-chartered commercial bank headquartered in Los Angeles that offers a range of banking products and services, with a focus on commercial real estate lending, business banking, and deposit accounts.

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The takeaway

The reduction in WINTON GROUP's stake in Preferred Bank could signal a shift in the hedge fund's investment strategy or a broader change in sentiment around the bank's prospects, though the reasons behind the move are not yet clear.