Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
26 hedge funds and large institutions have $183M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2013 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 1 closing their positions.
1,000% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 1
63% more funds holding
Funds holding: 16 → 26 (+10)
5% more capital invested
Capital invested by funds: $175M → $183M (+$8.18M)
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KG
Killen Group
Berwyn,
Pennsylvania
|
+$13.5M |
| 2 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$8.88M |
| 3 |
Calamos Advisors
Naperville,
Illinois
|
+$7.44M |
| 4 |
FCAM
F&C Asset Management
Edinburgh, Scotland,
United Kingdom
|
+$7.3M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
+$2.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KeyBank National Association
Cleveland,
Ohio
|
-$21.1M |
| 2 |
Citigroup
New York
|
-$9.05M |
| 3 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$7.21M |
| 4 |
Neuberger Berman Group
New York
|
-$1.53M |
| 5 |
ACM
Advent Capital Management
New York
|
-$144K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| $24K | +$24.4K | +502 | New |
|
|
LIA
27
LS Investment Advisors
Bloomfield Hills,
Michigan
| $6K | – | – | – |
|
28
Citadel Advisors
Miami,
Florida
| $1K | +$535 | +11 | +367% |
|
FLG.PRU Hedge Fund Activity: Q3 2013 in Review
26 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q3 2013, worth a combined $183M — up 4.7% from $175M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FLG.PRU positions and 1 closed out — a net gain of 10 holders — while 5 added to existing stakes and 5 trimmed.
The largest buyer was Killen Group, opening a new position worth an estimated $13.5M. The largest seller was KeyBank National Association, cutting an estimated $21.1M.
- 26 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q3 2013, up from 16 in Q2 2013.
- Funds reported $183M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q3 2013, up 4.7% quarter-over-quarter.
- 11 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q3 2013 and 1 closed out, a net change of +10 holders.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q3 2013 was Killen Group, an estimated $13.5M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q3 2013 was KeyBank National Association, an estimated $21.1M sold.
Based on aggregated 13F filings for Q3 2013.