Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
30 hedge funds and large institutions have $153M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2016 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
11% more funds holding
Funds holding: 27 → 30 (+3)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less capital invested
Capital invested by funds: $155M → $153M (-$2.7M)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Cutler Capital Management
Worcester,
Massachusetts
|
+$1.45M |
| 2 |
NIP
Nicholas Investment Partners
Rancho Santa Fe,
California
|
+$1.4M |
| 3 |
GF
Gabelli Funds
Rye,
New York
|
+$796K |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
+$547K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$304K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GLI
Guardian Life Insurance
New York
|
-$5.99M |
| 2 |
Citigroup
New York
|
-$3.57M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$1.24M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$470K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$154K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HW
26
Hedeker Wealth
Lincolnshire,
Illinois
| $298K | +$284K | +5,700 | +1,900% |
|
27
UBS Group
Zurich,
Switzerland
| $251K | +$202K | +4,060 | +417% |
|
|
MWAC
28
Mariner Wealth Advisors (Cincinnati)
Cincinnati,
Ohio
| $246K | -$119K | -2,400 | -33% |
|
29
Creative Planning
Overland Park,
Kansas
| $46K | – | – | – |
|
30
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $41K | – | – | – |
|
31
Royal Bank of Canada
Toronto,
Ontario, Canada
| $36K | – | – | – |
|
|
CPA
32
Clear Perspective Advisors
Aurora,
Illinois
| $33K | +$33.1K | +665 | New |
|
|
WEC
33
Winslow Evans & Crocker
Boston,
Massachusetts
| $14.9K | +$4.97K | +100 | +50% |
|
|
LIA
34
LS Investment Advisors
Bloomfield Hills,
Michigan
| $8K | – | – | – |
|
|
GLI
35
Guardian Life Insurance
New York
| – | -$5.99M | -119,500 | Closed |
|
|
36
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$470K | -9,400 | Closed |
|
FLG.PRU Hedge Fund Activity: Q4 2016 in Review
30 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q4 2016, worth a combined $153M — down 1.7% from $155M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FLG.PRU positions and 2 closed out — a net gain of 3 holders — while 7 added to existing stakes and 9 trimmed.
The largest buyer was Cutler Capital Management, adding an estimated $1.45M. The largest seller was Guardian Life Insurance, exiting entirely with an estimated $5.99M sold.
- 30 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q4 2016, up from 27 in Q3 2016.
- Funds reported $153M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q4 2016, down 1.7% quarter-over-quarter.
- 5 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q4 2016 and 2 closed out, a net change of +3 holders.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q4 2016 was Cutler Capital Management, an estimated $1.45M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q4 2016 was Guardian Life Insurance, an estimated $5.99M sold.
Based on aggregated 13F filings for Q4 2016.