Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
27 hedge funds and large institutions have $155M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 3 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
0% more funds holding
Funds holding: 27 → 27 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
1% less capital invested
Capital invested by funds: $157M → $155M (-$1.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Waterstone Capital Management
St. Louis Park,
Minnesota
|
+$24.4M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$1M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$472K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$349K |
| 5 |
CCM
Cutler Capital Management
Worcester,
Massachusetts
|
+$235K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$41.1M |
| 2 |
Citigroup
New York
|
-$6.78M |
| 3 |
GLI
Guardian Life Insurance
New York
|
-$2.79M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$467K |
| 5 |
Calamos Advisors
Naperville,
Illinois
|
-$136K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $41K | – | – | – |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $36K | – | – | – |
|
|
WEC
28
Winslow Evans & Crocker
Boston,
Massachusetts
| $10K | – | – | – |
|
|
LIA
29
LS Investment Advisors
Bloomfield Hills,
Michigan
| $6K | – | – | – |
|
|
HW
30
Hedeker Wealth
Lincolnshire,
Illinois
| $6K | +$15.1K | +300 | New |
|
|
MFS
31
MSI Financial Services
Springfield,
Massachusetts
| – | -$12K | -242 | Closed |
|
32
JP Morgan Chase
New York
| – | -$4K | -86 | Closed |
|
FLG.PRU Hedge Fund Activity: Q3 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 Q3 2016, worth a combined $155M — down 0.76% from $157M a quarter earlier.
Fund positioning in FLG.PRU was balanced in Q3 2016: 3 funds opened new positions, 3 closed out, 7 added to existing stakes and 5 trimmed.
The largest buyer was Waterstone Capital Management, opening a new position worth an estimated $24.4M. The largest seller was Zazove Associates, exiting entirely with an estimated $41.1M sold.
- 27 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q3 2016, unchanged from Q2 2016.
- Funds reported $155M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q3 2016, down 0.76% quarter-over-quarter.
- 3 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q3 2016 and 3 closed out, a net change of 0 holders.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q3 2016 was Waterstone Capital Management, an estimated $24.4M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q3 2016 was Zazove Associates, an estimated $41.1M sold.
Based on aggregated 13F filings for Q3 2016.