Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
29 hedge funds and large institutions have $179M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 5 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
60% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 5
7% more funds holding
Funds holding: 27 → 29 (+2)
4% less capital invested
Capital invested by funds: $187M → $179M (-$7.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GLI
Guardian Life Insurance
New York
|
+$3M |
| 2 |
FNBOO
First National Bank of Omaha
Omaha,
Nebraska
|
+$358K |
| 3 |
V
Veritable
Wilmington,
Delaware
|
+$223K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$143K |
| 5 |
ZA
Zazove Associates
Incline Village,
Nevada
|
+$122K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$5.96M |
| 2 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
-$3.95M |
| 3 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$1.18M |
| 4 |
KeyBank National Association
Cleveland,
Ohio
|
-$578K |
| 5 |
Calamos Advisors
Naperville,
Illinois
|
-$138K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
V
26
Veritable
Wilmington,
Delaware
| $226K | +$223K | +4,500 | New |
|
27
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $166K | +$4.95K | +100 | +3% |
|
|
U
28
UBS
Zurich,
Switzerland
| $97K | +$37.2K | +751 | +64% |
|
|
MAA
29
Managed Account Advisors
Jersey City,
New Jersey
| $38K | -$3.95M | -79,816 | Closed |
|
|
LIA
30
LS Investment Advisors
Bloomfield Hills,
Michigan
| $6K | – | – | – |
|
|
GSC
31
Ground Swell Capital
Folly Beach,
South Carolina
| $6K | +$6.13K | +124 | New |
|
32
Creative Planning
Overland Park,
Kansas
| $3K | – | – | – |
|
33
Citadel Advisors
Miami,
Florida
| – | -$1K | -13 | Closed |
|
FLG.PRU Hedge Fund Activity: Q3 2014 in Review
29 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q3 2014, worth a combined $179M — down 3.9% from $187M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FLG.PRU positions and 2 closed out — a net gain of 2 holders — while 8 added to existing stakes and 5 trimmed.
The largest buyer was Guardian Life Insurance, opening a new position worth an estimated $3M. The largest seller was Victory Capital Management, cutting an estimated $5.96M.
- 29 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q3 2014, up from 27 in Q2 2014.
- Funds reported $179M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q3 2014, down 3.9% quarter-over-quarter.
- 4 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q3 2014 and 2 closed out, a net change of +2 holders.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q3 2014 was Guardian Life Insurance, an estimated $3M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q3 2014 was Victory Capital Management, an estimated $5.96M sold.
Based on aggregated 13F filings for Q3 2014.