Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
24 hedge funds and large institutions have $154M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2015 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 3 closing their positions.
4% less funds holding
Funds holding: 25 → 24 (-1)
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
17% less capital invested
Capital invested by funds: $186M → $154M (-$31.8M)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$2.13M |
| 2 |
KG
Killen Group
Berwyn,
Pennsylvania
|
+$745K |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$310K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$106K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$40.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$34.1M |
| 2 |
GLI
Guardian Life Insurance
New York
|
-$8.73M |
| 3 |
Calamos Advisors
Naperville,
Illinois
|
-$2.52M |
| 4 |
Barclays
London,
United Kingdom
|
-$770K |
| 5 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
-$230K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LIA
26
LS Investment Advisors
Bloomfield Hills,
Michigan
| $7K | – | – | – |
|
27
Creative Planning
Overland Park,
Kansas
| $3K | – | – | – |
|
|
ZA
28
Zazove Associates
Incline Village,
Nevada
| – | -$34.1M | -684,647 | Closed |
|
|
JFGIW
29
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| – | -$10K | -200 | Closed |
|
FLG.PRU Hedge Fund Activity: Q1 2015 in Review
24 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q1 2015, worth a combined $154M — down 17% from $186M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FLG.PRU and 2 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 5 added.
The largest buyer was Federated Hermes, adding an estimated $2.13M. The largest seller was Zazove Associates, exiting entirely with an estimated $34.1M sold.
- 24 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q1 2015, down from 25 in Q4 2014.
- Funds reported $154M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q1 2015, down 17% quarter-over-quarter.
- 2 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q1 2015 and 3 closed out, a net change of -1 holder.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q1 2015 was Federated Hermes, an estimated $2.13M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q1 2015 was Zazove Associates, an estimated $34.1M sold.
Based on aggregated 13F filings for Q1 2015.