Pl Capital Advisors 13F annual report
Pl Capital Advisors is an investment fund managing more than $241 billion ran by Matt Dwyer. There are currently 28 companies in Mr. Dwyer’s portfolio. The largest investments include Banc of California Inc and Enterprise Finl Services, together worth $70 billion.
$241 billion Assets Under Management (AUM)
As of 10th July 2024, Pl Capital Advisors’s top holding is 3,224,219 shares of Banc of California Inc currently worth over $41.2 billion and making up 17.1% of the portfolio value.
Relative to the number of outstanding shares of Banc of California Inc, Pl Capital Advisors owns more than approximately 0.1% of the company.
In addition, the fund holds 703,829 shares of Enterprise Finl Services worth $28.8 billion.
The third-largest holding is First Merchants worth $22.8 billion and the next is Horizon Bancorp worth $20.1 billion, with 1,623,174 shares owned.
Currently, Pl Capital Advisors's portfolio is worth at least $241 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Pl Capital Advisors
The Pl Capital Advisors office and employees reside in Naples, Florida. According to the last 13-F report filed with the SEC, Matt Dwyer serves as the Chief Compliance Officer at Pl Capital Advisors.
Recent trades
In the most recent 13F filing, Pl Capital Advisors revealed that it had opened a new position in
Community West Bancshares and bought 425,551 shares worth $7.87 billion.
This means they effectively own approximately 0.1% of the company.
Community West Bancshares makes up
5.3%
of the fund's Finance sector allocation and has grown its share price by 72.7% in the past year.
The investment fund also strengthened its position in Evans Bancorp Inc by buying
66,642 additional shares.
This makes their stake in Evans Bancorp Inc total 605,079 shares worth $17 billion.
Evans Bancorp Inc soared 29.4% in the past year.
On the other hand, there are companies that Pl Capital Advisors is getting rid of from its portfolio.
Pl Capital Advisors closed its position in Community West Bancshares on 17th July 2024.
It sold the previously owned 538,675 shares for $8.34 billion.
Matt Dwyer also disclosed a decreased stake in F.N.B by 0.1%.
This leaves the value of the investment at $19.3 billion and 1,412,765 shares.
One of the smallest hedge funds
The two most similar investment funds to Pl Capital Advisors are Vista Private Wealth Partners and Eos Management, L.P.. They manage $241 billion and $241 billion respectively.
Matt Dwyer investment strategy
Pl Capital Advisors’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Finance — making up 61.4% of
the total portfolio value.
The fund focuses on investments in the United States as
67.9% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
14% of the total holdings value.
On the other hand, large-cap stocks make up only 7.1% of the portfolio.
The average market cap of the portfolio companies is close to $3.33 billion.
The complete list of Pl Capital Advisors trades based on 13F SEC filings
These positions were updated on July 17th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Banc of California Inc |
No change
3,224,219
|
$41,205,519,000 | 17.13% |
| Enterprise Finl Services |
No change
703,829
|
$28,793,644,000 | 11.97% |
| First Merchants Corp. |
No change
686,333
|
$22,848,026,000 | 9.50% |
| Horizon Bancorp |
No change
1,623,174
|
$20,078,662,000 | 8.35% |
| F.N.B. Corp. |
12.62%
1,412,765
|
$19,326,625,000 | 8.04% |
| Evans Bancorp Inc |
12.38%
605,079
|
$17,008,771,000 | 7.07% |
| Old Point Finl |
19.18%
720,861
|
$10,575,031,000 | 4.40% |
| Finward Bancorp |
No change
354,822
|
$8,700,235,000 | 3.62% |
| Independent Bank Corp. |
No change
318,985
|
$8,612,595,000 | 3.58% |
| Community West Bancshares. |
Closed
538,675
|
$8,338,689,000 | |
| Community West Bancshares. |
Opened
425,551
|
$7,872,694,000 | 3.27% |
| Merchants Bancorp |
2.73%
188,294
|
$7,633,439,000 | 3.17% |
| Financial Institutions Inc. |
15.76%
348,751
|
$6,737,869,000 | 2.80% |
| First Bank |
No change
478,887
|
$6,101,020,000 | 2.54% |
| Agnc Invt |
7.77%
593,372
|
$5,660,769,000 | 2.35% |
| Primis Financial |
No change
475,241
|
$4,980,526,000 | 2.07% |
| Zions Bancorporation N.A |
No change
100,000
|
$4,337,000,000 | 1.80% |
| New York Community Bancorp Inc. |
No change
940,000
|
$3,026,800,000 | 1.26% |
| Annaly Capital Management Inc |
No change
152,603
|
$2,908,613,000 | 1.21% |
| Citizens Finl Group |
Closed
80,000
|
$2,903,200,000 | |
| Magyar Bancorp Inc. |
No change
254,557
|
$2,861,221,000 | 1.19% |
| Lakeland Bancorp, Inc. |
Closed
161,400
|
$1,952,940,000 | |
| Provident Finl Services |
Opened
134,267
|
$1,926,731,000 | 0.80% |
| Invesco Mortgage Capital Inc |
No change
200,000
|
$1,874,000,000 | 0.78% |
| Ameris Bancorp |
56.37%
34,245
|
$1,724,236,000 | 0.72% |
| Codorus Valley Bancorp, Inc. |
Closed
73,552
|
$1,674,044,000 | |
| Fifth Third Bancorp |
No change
44,000
|
$1,605,560,000 | 0.67% |
| Comerica, Inc. |
352.76%
28,750
|
$1,467,400,000 | 0.61% |
| Lument Finance Trust, Inc. |
74.68%
362,942
|
$871,061,000 | 0.36% |
| CF Bankshares Inc |
No change
37,291
|
$699,579,000 | 0.29% |
| Valley National Bancorp |
No change
100,000
|
$698,000,000 | 0.29% |
| Sb Finl Group |
No change
28,159
|
$394,226,000 | 0.16% |
| Old Second Bancorp |
Closed
8,000
|
$110,720,000 | |
| No transactions found | |||
| Showing first 500 out of 33 holdings | |||
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