Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
26 hedge funds and large institutions have $151M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 2 reducing their positions, and 3 closing their positions.
250% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 2
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
8% more funds holding
Funds holding: 24 → 26 (+2)
20% less capital invested
Capital invested by funds: $190M → $151M (-$38.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$5.65M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.22M |
| 3 |
CCM
Cutler Capital Management
Worcester,
Massachusetts
|
+$2.6M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$2.24M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$819K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$34.9M |
| 2 |
Citigroup
New York
|
-$5.19M |
| 3 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$3.17M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.69M |
| 5 |
Calamos Advisors
Naperville,
Illinois
|
-$223K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LIA
26
LS Investment Advisors
Bloomfield Hills,
Michigan
| $7K | – | – | – |
|
27
Barclays
London,
United Kingdom
| $6K | +$6.09K | +120 | New |
|
|
WEC
28
Winslow Evans & Crocker
Boston,
Massachusetts
| $5K | +$5.07K | +100 | New |
|
29
Creative Planning
Overland Park,
Kansas
| $3K | +$3.35K | +66 | New |
|
|
ZA
30
Zazove Associates
Incline Village,
Nevada
| – | -$34.9M | -684,647 | Closed |
|
|
OCM
31
Oaktree Capital Management
Los Angeles,
California
| – | -$3.17M | -61,960 | Closed |
|
|
32
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$2.69M | -52,521 | Closed |
|
FLG.PRU Hedge Fund Activity: Q3 2015 in Review
26 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q3 2015, worth a combined $151M — down 20% from $190M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FLG.PRU positions and 3 closed out — a net gain of 3 holders — while 7 added to existing stakes and 2 trimmed.
The largest buyer was Federated Hermes, adding an estimated $5.65M. The largest seller was Zazove Associates, exiting entirely with an estimated $34.9M sold.
- 26 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q3 2015, up from 24 in Q2 2015.
- Funds reported $151M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q3 2015, down 20% quarter-over-quarter.
- 6 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q3 2015 and 3 closed out, a net change of +3 holders.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q3 2015 was Federated Hermes, an estimated $5.65M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q3 2015 was Zazove Associates, an estimated $34.9M sold.
Based on aggregated 13F filings for Q3 2015.