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Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities
C.PRN

10 hedge funds and large institutions have $85M invested in Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities in 2014 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 1 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,597% more capital inflows, than outflows

Capital inflows: $7.07M | Capital outflows: $262K

400% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 1

100% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 1

11% more funds holding

Funds holding: 9 → 10 (+1)

0.28% more ownership

Funds ownership: 3.28% → 3.56% (+0.28%)

Holders
10
Holders Change
+1
Holders Change %
+11.11%
% of All Funds
0.27%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
5
Reduced
1
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Tocqueville Asset Management
Tocqueville Asset Management
New York
+$5.48M
2
Sterling Capital Management
Sterling Capital Management
North Carolina
+$604K
3
Mid Continent Capital
Mid Continent Capital
Illinois
+$241K
4
Ameriprise
Ameriprise
Minnesota
+$29.4K
5
KCM Investment Advisors
KCM Investment Advisors
California
+$29.3K

Top Sellers

Rank Fund Capital Flow
1
Beck Mack & Oliver
Beck Mack & Oliver
New York
-$242K
2
Estabrook Capital Management
Estabrook Capital Management
New York
-$20K

C.PRN Hedge Fund Activity: Q4 2014 in Review

10 of the 3,765 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 2014, worth a combined $85M — up 7.3% from $79.2M a quarter earlier.

Buyers outnumbered sellers: 2 funds opened new C.PRN positions and 1 closed out — a net gain of 1 holder — while 5 added to existing stakes and 1 trimmed.

The largest buyer was Tocqueville Asset Management, opening a new position worth an estimated $5.48M. The largest seller was Beck Mack & Oliver, exiting entirely with an estimated $242K sold.

  • 10 institutional investors held Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (C.PRN) as of Q4 2014, up from 9 in Q3 2014.
  • Funds reported $85M of Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities stock for Q4 2014, up 7.3% quarter-over-quarter.
  • 2 funds opened new Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities positions in Q4 2014 and 1 closed out, a net change of +1 holder.
  • The largest Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities buyer in Q4 2014 was Tocqueville Asset Management, an estimated $5.48M added.
  • The largest Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities seller in Q4 2014 was Beck Mack & Oliver, an estimated $242K sold.

Based on aggregated 13F filings for Q4 2014.