Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
25 hedge funds and large institutions have $186M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2014 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 5 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
3% more capital invested
Capital invested by funds: $179M → $186M (+$6.23M)
14% less funds holding
Funds holding: 29 → 25 (-4)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GLI
Guardian Life Insurance
New York
|
+$5.67M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$5.47M |
| 3 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$3.55M |
| 4 |
Barclays
London,
United Kingdom
|
+$717K |
| 5 |
ZA
Zazove Associates
Incline Village,
Nevada
|
+$540K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$8.21M |
| 2 |
Calamos Advisors
Naperville,
Illinois
|
-$1.14M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$606K |
| 4 |
RFC
Regions Financial Corp
Birmingham,
Alabama
|
-$459K |
| 5 |
SB
Suntrust Banks
Atlanta,
Georgia
|
-$420K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JFGIW
26
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| $10K | +$9.91K | +200 | New |
|
|
LIA
27
LS Investment Advisors
Bloomfield Hills,
Michigan
| $6K | – | – | – |
|
28
Creative Planning
Overland Park,
Kansas
| $3K | – | – | – |
|
|
RFC
29
Regions Financial Corp
Birmingham,
Alabama
| – | -$459K | -9,120 | Closed |
|
|
SB
30
Suntrust Banks
Atlanta,
Georgia
| – | -$420K | -8,355 | Closed |
|
|
FNBOO
31
First National Bank of Omaha
Omaha,
Nebraska
| – | -$365K | -7,244 | Closed |
|
|
V
32
Veritable
Wilmington,
Delaware
| – | -$226K | -4,500 | Closed |
|
FLG.PRU Hedge Fund Activity: Q4 2014 in Review
25 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q4 2014, worth a combined $186M — up 3.5% from $179M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FLG.PRU and 3 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 7 added.
The largest buyer was Guardian Life Insurance, adding an estimated $5.67M. The largest seller was Oaktree Capital Management, cutting an estimated $8.21M.
- 25 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q4 2014, down from 29 in Q3 2014.
- Funds reported $186M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q4 2014, up 3.5% quarter-over-quarter.
- 3 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q4 2014 and 5 closed out, a net change of -2 holders.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q4 2014 was Guardian Life Insurance, an estimated $5.67M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q4 2014 was Oaktree Capital Management, an estimated $8.21M sold.
Based on aggregated 13F filings for Q4 2014.