Financial Institutions
FISI
76 hedge funds and large institutions have $177M invested in Financial Institutions in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 31 increasing their positions, 23 reducing their positions, and 6 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 23
11% more capital invested
Capital invested by funds: $160M → $177M (+$17.1M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 78 → 76 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$829K |
| 2 |
AIS
AlphaOne Investment Services
West Chester,
Pennsylvania
|
+$531K |
| 3 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
+$419K |
| 4 |
CIC
Cornercap Investment Counsel
Atlanta,
Georgia
|
+$401K |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$318K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.07M |
| 2 |
MA
MUFG Americas
New York
|
-$580K |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$550K |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$438K |
| 5 |
Renaissance Technologies
New York
|
-$312K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $250 | -$2.48K | -122 | -1% |
|
|
MA
77
MUFG Americas
New York
| – | -$580K | -31,500 | Closed |
|
78
First Trust Advisors
Wheaton,
Illinois
| – | -$298K | -16,198 | Closed |
|
79
Wells Fargo
San Francisco,
California
| – | -$295K | -14,502 | Closed |
|
|
BGIM
80
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
| – | -$207K | -11,200 | Closed |
|
|
WBC
81
Westpac Banking Corp
Sydney,
Australia
| – | -$61.9K | -3,100 | Closed |
|
|
U
82
UBS
Zurich,
Switzerland
| – | -$15K | -818 | Closed |
|
FISI Hedge Fund Activity: Q3 2013 in Review
76 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Financial Institutions (FISI) for Q3 2013, worth a combined $177M — up 11% from $160M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FISI and 4 opened new positions — a net loss of 2 holders — while 23 trimmed existing stakes and 31 added.
The largest buyer was BlackRock Fund Advisors, adding an estimated $829K. The largest seller was Wellington Management Group, cutting an estimated $1.07M.
- 76 institutional investors held Financial Institutions (FISI) as of Q3 2013, down from 78 in Q2 2013.
- Funds reported $177M of Financial Institutions stock for Q3 2013, up 11% quarter-over-quarter.
- 4 funds opened new Financial Institutions positions in Q3 2013 and 6 closed out, a net change of -2 holders.
- The largest Financial Institutions buyer in Q3 2013 was BlackRock Fund Advisors, an estimated $829K added.
- The largest Financial Institutions seller in Q3 2013 was Wellington Management Group, an estimated $1.07M sold.
Based on aggregated 13F filings for Q3 2013.