Citigroup Inc. Depositary Shares, Each Representing a 1/1,000th Interest in a Share of 6.875% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series K
C.PRK
C.PRK was delisted on the 14th of November, 2023.
6 hedge funds and large institutions have $919K invested in Citigroup Inc. Depositary Shares, Each Representing a 1/1,000th Interest in a Share of 6.875% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series K in 2023 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 0 increasing their positions, 3 reducing their positions, and 3 closing their positions.
23% less capital invested
Capital invested by funds: $1.19M → $919K (-$271K)
25% less funds holding
Funds holding: 8 → 6 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OP
ORG Partners
Roanoke,
Indiana
|
+$1.39K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSC
Cove Street Capital
El Segundo,
California
|
-$179K |
| 2 |
SAM
Shikiar Asset Management
New York
|
-$47.9K |
| 3 |
BCWM
Bartlett & Co Wealth Management
Cincinnati,
Ohio
|
-$21.2K |
| 4 |
BC
Bartlett & Co
Cincinnati,
Ohio
|
-$21K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$555 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SAM
1
Shikiar Asset Management
New York
| $652K | -$47.9K | -1,900 | -7% |
|
|
CSC
2
Cove Street Capital
El Segundo,
California
| $225K | -$179K | -7,100 | -44% |
|
|
3
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $21.8K | -$555 | -22 | -2% |
|
|
OA
4
Operose Advisors
Milwaukee,
Wisconsin
| $9.08K | – | – | – |
|
|
RMC
5
Resources Management Corp
West Hartford,
Connecticut
| $9K | – | – | – |
|
|
OP
6
ORG Partners
Roanoke,
Indiana
| $1.39K | +$1.39K | +55 | New |
|
|
BC
7
Bartlett & Co
Cincinnati,
Ohio
| – | -$21K | -835 | Closed |
|
|
BCWM
8
Bartlett & Co Wealth Management
Cincinnati,
Ohio
| – | -$21.2K | -835 | Closed |
|
C.PRK Hedge Fund Activity: Q3 2023 in Review
6 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Citigroup Inc. Depositary Shares, Each Representing a 1/1,000th Interest in a Share of 6.875% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series K (C.PRK) for Q3 2023, worth a combined $919K — down 23% from $1.19M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of C.PRK and 1 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 0 added.
The largest buyer was ORG Partners, opening a new position worth an estimated $1.39K. The largest seller was Cove Street Capital, cutting an estimated $179K.
- 6 institutional investors held Citigroup Inc. Depositary Shares, Each Representing a 1/1,000th Interest in a Share of 6.875% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series K (C.PRK) as of Q3 2023, down from 8 in Q2 2023.
- Funds reported $919K of Citigroup Inc. Depositary Shares, Each Representing a 1/1,000th Interest in a Share of 6.875% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series K stock for Q3 2023, down 23% quarter-over-quarter.
- 1 fund opened new Citigroup Inc. Depositary Shares, Each Representing a 1/1,000th Interest in a Share of 6.875% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series K positions in Q3 2023 and 3 closed out, a net change of -2 holders.
- The largest Citigroup Inc. Depositary Shares, Each Representing a 1/1,000th Interest in a Share of 6.875% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series K buyer in Q3 2023 was ORG Partners, an estimated $1.39K added.
- The largest Citigroup Inc. Depositary Shares, Each Representing a 1/1,000th Interest in a Share of 6.875% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series K seller in Q3 2023 was Cove Street Capital, an estimated $179K sold.
Based on aggregated 13F filings for Q3 2023.