Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities
C.PRN
11 hedge funds and large institutions have $82M invested in Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities in 2015 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 1 reducing their positions, and 2 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 1
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
10% more funds holding
Funds holding: 10 → 11 (+1)
0.12% less ownership
Funds ownership: 3.56% → 3.44% (-0.12%)
46% less capital inflows, than outflows
Capital inflows: $3.33M | Capital outflows: $6.14M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Van Hulzen Asset Management
El Dorado Hills,
California
|
+$1.86M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.12M |
| 3 |
Sterling Capital Management
Charlotte,
North Carolina
|
+$271K |
| 4 |
Mid Continent Capital
Chicago,
Illinois
|
+$30.9K |
| 5 |
Glenmede Trust
Philadelphia,
Pennsylvania
|
+$21.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tocqueville Asset Management
New York
|
-$5.46M |
| 2 |
IR
IAT Reinsurance
New York
|
-$665K |
| 3 |
KCM Investment Advisors
Greenbrae,
California
|
-$16K |
C.PRN Hedge Fund Activity: Q1 2015 in Review
11 of the 3,770 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 2015, worth a combined $82M — down 3.5% from $85M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new C.PRN positions and 2 closed out — a net gain of 1 holder — while 4 added to existing stakes and 1 trimmed.
The largest buyer was Van Hulzen Asset Management, opening a new position worth an estimated $1.86M. The largest seller was Tocqueville Asset Management, exiting entirely with an estimated $5.46M sold.
- 11 institutional investors held Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities (C.PRN) as of Q1 2015, up from 10 in Q4 2014.
- Funds reported $82M of Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities stock for Q1 2015, down 3.5% quarter-over-quarter.
- 3 funds opened new Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities positions in Q1 2015 and 2 closed out, a net change of +1 holder.
- The largest Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities buyer in Q1 2015 was Van Hulzen Asset Management, an estimated $1.86M added.
- The largest Citigroup Capital XIII 7.875% Fixed Rate/Floating Rate Trust Preferred Securities seller in Q1 2015 was Tocqueville Asset Management, an estimated $5.46M sold.
Based on aggregated 13F filings for Q1 2015.