Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
24 hedge funds and large institutions have $148M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2013 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 3 closing their positions.
8% less funds holding
Funds holding: 26 → 24 (-2)
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
19% less capital invested
Capital invested by funds: $183M → $148M (-$35M)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KG
Killen Group
Berwyn,
Pennsylvania
|
+$2.64M |
| 2 |
CCM
Cutler Capital Management
Worcester,
Massachusetts
|
+$725K |
| 3 |
Calamos Advisors
Naperville,
Illinois
|
+$432K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$34.3K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$5.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$33.4M |
| 2 |
Citigroup
New York
|
-$6.07M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$4.36M |
| 4 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$498K |
| 5 |
Barclays
London,
United Kingdom
|
-$453K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ZA
26
Zazove Associates
Incline Village,
Nevada
| – | -$33.4M | -683,549 | Closed |
|
27
Northern Trust
Chicago,
Illinois
| – | -$291K | -6,000 | Closed |
|
28
Bank of America
Charlotte,
North Carolina
| – | -$24K | -502 | Closed |
|
29
Citadel Advisors
Miami,
Florida
| – | -$196 | -4 | -29% |
|
FLG.PRU Hedge Fund Activity: Q4 2013 in Review
24 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q4 2013, worth a combined $148M — down 19% from $183M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FLG.PRU and 1 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 5 added.
The largest buyer was Killen Group, adding an estimated $2.64M. The largest seller was Zazove Associates, exiting entirely with an estimated $33.4M sold.
- 24 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q4 2013, down from 26 in Q3 2013.
- Funds reported $148M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q4 2013, down 19% quarter-over-quarter.
- 1 fund opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q4 2013 and 3 closed out, a net change of -2 holders.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q4 2013 was Killen Group, an estimated $2.64M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q4 2013 was Zazove Associates, an estimated $33.4M sold.
Based on aggregated 13F filings for Q4 2013.