Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities
C.PRN
8 hedge funds and large institutions have $96.6M invested in Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities in 2014 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 2 reducing their positions, and 5 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 2
0.42% less ownership
Funds ownership: 4.3% → 3.88% (-0.42%)
33% less funds holding
Funds holding: 12 → 8 (-4)
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
87% less capital inflows, than outflows
Capital inflows: $1.59M | Capital outflows: $11.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mid Continent Capital
Chicago,
Illinois
|
+$1.56M |
| 2 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$16.8K |
| 3 |
KCM Investment Advisors
Greenbrae,
California
|
+$13.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$6.71M |
| 2 |
Mackay Shields LLC
New York
|
-$4.36M |
| 3 |
Sterling Capital Management
Charlotte,
North Carolina
|
-$301K |
| 4 |
JWM
Jacobus Wealth Management
Milwaukee,
Wisconsin
|
-$207K |
| 5 |
SHA
Smith Hayes Advisers
Lincoln,
Nebraska
|
-$206K |
C.PRN Hedge Fund Activity: Q1 2014 in Review
8 of the 3,475 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 Q1 2014, worth a combined $96.6M — down 8.1% from $105M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of C.PRN and 1 opened new positions — a net loss of 4 holders — while 2 trimmed existing stakes and 2 added.
The largest buyer was Mid Continent Capital, opening a new position worth an estimated $1.56M. The largest seller was Ameriprise, cutting an estimated $6.71M.
- 8 institutional investors held Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (C.PRN) as of Q1 2014, down from 12 in Q4 2013.
- Funds reported $96.6M of Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities stock for Q1 2014, down 8.1% quarter-over-quarter.
- 1 fund opened new Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities positions in Q1 2014 and 5 closed out, a net change of -4 holders.
- The largest Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities buyer in Q1 2014 was Mid Continent Capital, an estimated $1.56M added.
- The largest Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities seller in Q1 2014 was Ameriprise, an estimated $6.71M sold.
Based on aggregated 13F filings for Q1 2014.