Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities
C.PRN
12 hedge funds and large institutions have $107M invested in Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and closing their positions.
751% more capital inflows, than outflows
Capital inflows: $44.9M | Capital outflows: $5.28M
33% more funds holding
Funds holding: 9 → 12 (+3)
1.6% more ownership
Funds ownership: 2.73% → 4.34% (+1.6%)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$44.4M |
| 2 |
KCM Investment Advisors
Greenbrae,
California
|
+$220K |
| 3 |
JWM
Jacobus Wealth Management
Milwaukee,
Wisconsin
|
+$209K |
| 4 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$50.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ohio Public Employees Retirement System (OPERS)
Columbus,
Ohio
|
-$5M |
| 2 |
Sterling Capital Management
Charlotte,
North Carolina
|
-$149K |
| 3 |
RIG
Roosevelt Investment Group
New York
|
-$101K |
| 4 |
Tocqueville Asset Management
New York
|
-$24.4K |
C.PRN Hedge Fund Activity: Q3 2013 in Review
12 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (C.PRN) for Q3 2013, worth a combined $107M — up 56% from $68.4M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new C.PRN positions and 0 closed out — a net gain of 3 holders — while 2 added to existing stakes and 4 trimmed.
The largest buyer was Ameriprise, adding an estimated $44.4M. The largest seller was Ohio Public Employees Retirement System (OPERS), cutting an estimated $5M.
- 12 institutional investors held Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (C.PRN) as of Q3 2013, up from 9 in Q2 2013.
- Funds reported $107M of Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities stock for Q3 2013, up 56% quarter-over-quarter.
- 3 funds opened new Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities positions in Q3 2013 and 0 closed out, a net change of +3 holders.
- The largest Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities buyer in Q3 2013 was Ameriprise, an estimated $44.4M added.
- The largest Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities seller in Q3 2013 was Ohio Public Employees Retirement System (OPERS), an estimated $5M sold.
Based on aggregated 13F filings for Q3 2013.