Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
27 hedge funds and large institutions have $186M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2015 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
23% more capital invested
Capital invested by funds: $151M → $186M (+$34.9M)
4% more funds holding
Funds holding: 26 → 27 (+1)
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZA
Zazove Associates
Incline Village,
Nevada
|
+$35.5M |
| 2 |
GF
Gabelli Funds
Rye,
New York
|
+$2.39M |
| 3 |
Morgan Stanley
New York
|
+$1.91M |
| 4 |
CCM
Cutler Capital Management
Worcester,
Massachusetts
|
+$1.66M |
| 5 |
KG
Killen Group
Berwyn,
Pennsylvania
|
+$1.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$5.1M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$808K |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$583K |
| 4 |
Mariner
Overland Park,
Kansas
|
-$444K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$160K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $41K | – | – | – |
|
|
WEC
27
Winslow Evans & Crocker
Boston,
Massachusetts
| $10K | +$4.97K | +100 | +100% |
|
|
LIA
28
LS Investment Advisors
Bloomfield Hills,
Michigan
| $6K | – | – | – |
|
29
Creative Planning
Overland Park,
Kansas
| $3K | – | – | – |
|
30
Barclays
London,
United Kingdom
| $1K | -$5.47K | -110 | -92% |
|
|
31
Lord, Abbett & Co
Jersey City,
New Jersey
| – | -$808K | -16,150 | Closed |
|
|
32
Mariner
Overland Park,
Kansas
| – | -$444K | -8,875 | Closed |
|
FLG.PRU Hedge Fund Activity: Q4 2015 in Review
27 of the 3,813 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q4 2015, worth a combined $186M — up 23% from $151M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FLG.PRU positions and 2 closed out — a net gain of 2 holders — while 4 added to existing stakes and 7 trimmed.
The largest buyer was Zazove Associates, opening a new position worth an estimated $35.5M. The largest seller was Citigroup, cutting an estimated $5.1M.
- 27 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q4 2015, up from 26 in Q3 2015.
- Funds reported $186M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q4 2015, up 23% quarter-over-quarter.
- 4 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q4 2015 and 2 closed out, a net change of +2 holders.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q4 2015 was Zazove Associates, an estimated $35.5M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q4 2015 was Citigroup, an estimated $5.1M sold.
Based on aggregated 13F filings for Q4 2015.