Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities
C.PRN
12 hedge funds and large institutions have $105M invested in Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities in 2013 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 1 increasing their positions, 3 reducing their positions, and 3 closing their positions.
0% more funds holding
Funds holding: 12 → 12 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
0.04% less ownership
Funds ownership: 4.34% → 4.3% (-0.04%)
18% less capital inflows, than outflows
Capital inflows: $4.64M | Capital outflows: $5.63M
67% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackay Shields LLC
New York
|
+$4.38M |
| 2 |
Smith Hayes Advisers
Lincoln,
Nebraska
|
+$207K |
| 3 |
Laffer Tengler Investments
Nashville,
Tennessee
|
+$47.5K |
| 4 |
KCM Investment Advisors
Greenbrae,
California
|
+$5.48K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tocqueville Asset Management
New York
|
-$3.52M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.6M |
| 3 |
Ohio Public Employees Retirement System (OPERS)
Columbus,
Ohio
|
-$422K |
| 4 |
RIG
Roosevelt Investment Group
New York
|
-$68.4K |
| 5 |
Parametric Portfolio Associates
Seattle,
Washington
|
-$20.8K |
C.PRN Hedge Fund Activity: Q4 2013 in Review
12 of the 3,459 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 Q4 2013, worth a combined $105M — down 1.7% from $107M a quarter earlier.
Fund positioning in C.PRN was balanced in Q4 2013: 3 funds opened new positions, 3 closed out, 1 added to existing stakes and 3 trimmed.
The largest buyer was Mackay Shields LLC, opening a new position worth an estimated $4.38M. The largest seller was Tocqueville Asset Management, exiting entirely with an estimated $3.52M sold.
- 12 institutional investors held Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (C.PRN) as of Q4 2013, unchanged from Q3 2013.
- Funds reported $105M of Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities stock for Q4 2013, down 1.7% quarter-over-quarter.
- 3 funds opened new Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities positions in Q4 2013 and 3 closed out, a net change of 0 holders.
- The largest Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities buyer in Q4 2013 was Mackay Shields LLC, an estimated $4.38M added.
- The largest Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities seller in Q4 2013 was Tocqueville Asset Management, an estimated $3.52M sold.
Based on aggregated 13F filings for Q4 2013.