Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
25 hedge funds and large institutions have $149M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2016 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 3 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
7% less funds holding
Funds holding: 27 → 25 (-2)
20% less capital invested
Capital invested by funds: $186M → $149M (-$36.2M)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GLI
Guardian Life Insurance
New York
|
+$8.73M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$1.25M |
| 3 |
CCM
Cutler Capital Management
Worcester,
Massachusetts
|
+$789K |
| 4 |
KG
Killen Group
Berwyn,
Pennsylvania
|
+$114K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$113K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$35.6M |
| 2 |
Citigroup
New York
|
-$3.14M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$549K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$291K |
| 5 |
KeyBank National Association
Cleveland,
Ohio
|
-$99.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $7K | – | – | – |
|
|
LIA
27
LS Investment Advisors
Bloomfield Hills,
Michigan
| $6K | – | – | – |
|
28
Creative Planning
Overland Park,
Kansas
| $3K | – | – | – |
|
|
ZA
29
Zazove Associates
Incline Village,
Nevada
| – | -$35.6M | -712,905 | Closed |
|
|
GWM
30
Gupta Wealth Management
San Diego,
California
| – | -$43K | -850 | Closed |
|
31
Barclays
London,
United Kingdom
| – | -$1K | -10 | Closed |
|
FLG.PRU Hedge Fund Activity: Q1 2016 in Review
25 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 2016, worth a combined $149M — down 20% from $186M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FLG.PRU and 1 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 7 added.
The largest buyer was Guardian Life Insurance, opening a new position worth an estimated $8.73M. The largest seller was Zazove Associates, exiting entirely with an estimated $35.6M sold.
- 25 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q1 2016, down from 27 in Q4 2015.
- Funds reported $149M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q1 2016, down 20% quarter-over-quarter.
- 1 fund opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q1 2016 and 3 closed out, a net change of -2 holders.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q1 2016 was Guardian Life Insurance, an estimated $8.73M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q1 2016 was Zazove Associates, an estimated $35.6M sold.
Based on aggregated 13F filings for Q1 2016.