Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
27 hedge funds and large institutions have $157M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2016 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
8% more funds holding
Funds holding: 25 → 27 (+2)
5% more capital invested
Capital invested by funds: $149M → $157M (+$7.08M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZA
Zazove Associates
Incline Village,
Nevada
|
+$41M |
| 2 |
CCM
Cutler Capital Management
Worcester,
Massachusetts
|
+$439K |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$399K |
| 4 |
SIM
Sonora Investment Management
Tucson,
Arizona
|
+$331K |
| 5 |
ADBIC
A.D. Beadell Investment Counsel
Mequon,
Wisconsin
|
+$270K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$5.18M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$2.09M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$87.3K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$8.47K |
| 5 |
MWAC
Mariner Wealth Advisors (Cincinnati)
Cincinnati,
Ohio
|
-$6.26K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCM
26
Cutler Capital Management
Worcester,
Massachusetts
| $8.54K | +$439K | +8,761 | +5% |
|
|
LIA
27
LS Investment Advisors
Bloomfield Hills,
Michigan
| $6K | – | – | – |
|
28
JP Morgan Chase
New York
| $4K | +$4.31K | +86 | New |
|
29
Creative Planning
Overland Park,
Kansas
| $3K | – | – | – |
|
|
CS
30
Credit Suisse
Zurich,
Switzerland
| – | -$2.09M | -41,503 | Closed |
|
FLG.PRU Hedge Fund Activity: Q2 2016 in Review
27 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q2 2016, worth a combined $157M — up 4.7% from $149M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FLG.PRU positions and 1 closed out — a net gain of 3 holders — while 5 added to existing stakes and 5 trimmed.
The largest buyer was Zazove Associates, opening a new position worth an estimated $41M. The largest seller was Citigroup, cutting an estimated $5.18M.
- 27 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q2 2016, up from 25 in Q1 2016.
- Funds reported $157M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q2 2016, up 4.7% quarter-over-quarter.
- 4 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q2 2016 and 1 closed out, a net change of +3 holders.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q2 2016 was Zazove Associates, an estimated $41M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q2 2016 was Citigroup, an estimated $5.18M sold.
Based on aggregated 13F filings for Q2 2016.