Cullen/Frost Bankers
270 hedge funds and large institutions have $3.5B invested in Cullen/Frost Bankers in 2013 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 76 increasing their positions, 119 reducing their positions, and 18 closing their positions.
139% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 18
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
9% more funds holding
Funds holding: 247 → 270 (+23)
1% more capital invested
Capital invested by funds: $3.45B → $3.5B (+$49.8M)
2.55% less ownership
Funds ownership: 86.09% → 83.54% (-2.6%)
36% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 119
44% less call options, than puts
Call options by funds: $7.4M | Put options by funds: $13.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
+$54.9M |
| 2 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$54M |
| 3 |
BG
Bahl & Gaynor
Cincinnati,
Ohio
|
+$52.6M |
| 4 |
Fisher Asset Management
Camas,
Washington
|
+$10.8M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$7.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
-$52.3M |
| 2 |
KeyBank National Association
Cleveland,
Ohio
|
-$46.2M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$34M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$28.2M |
| 5 |
JP Morgan Chase
New York
|
-$27.3M |
CFR Hedge Fund Activity: Q3 2013 in Review
270 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Cullen/Frost Bankers (CFR) for Q3 2013, worth a combined $3.5B — up 1.4% from $3.45B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new CFR positions and 18 closed out — a net gain of 25 holders — while 76 added to existing stakes and 119 trimmed.
The largest buyer was Northern Trust, adding an estimated $54.9M. The largest seller was Perkins Investment Management, cutting an estimated $52.3M.
- 270 institutional investors held Cullen/Frost Bankers (CFR) as of Q3 2013, up from 247 in Q2 2013.
- Funds reported $3.5B of Cullen/Frost Bankers stock for Q3 2013, up 1.4% quarter-over-quarter.
- 43 funds opened new Cullen/Frost Bankers positions in Q3 2013 and 18 closed out, a net change of +25 holders.
- The largest Cullen/Frost Bankers buyer in Q3 2013 was Northern Trust, an estimated $54.9M added.
- The largest Cullen/Frost Bankers seller in Q3 2013 was Perkins Investment Management, an estimated $52.3M sold.
Based on aggregated 13F filings for Q3 2013.