Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
33 hedge funds and large institutions have $151M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2017 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
36% more capital invested
Capital invested by funds: $112M → $151M (+$39.9M)
14% more funds holding
Funds holding: 29 → 33 (+4)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
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
|
+$27.7M |
| 2 |
ACM
Advent Capital Management
New York
|
+$16.8M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$1.56M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$939K |
| 5 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$764K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$3.8M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$2.54M |
| 3 |
BIMC
Benson Investment Management Company
Roanoke,
Virginia
|
-$1.79M |
| 4 |
NIP
Nicholas Investment Partners
Rancho Santa Fe,
California
|
-$1.41M |
| 5 |
CCM
Cutler Capital Management
Worcester,
Massachusetts
|
-$979K |
FLG.PRU Hedge Fund Activity: Q2 2017 in Review
33 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q2 2017, worth a combined $151M — up 36% from $112M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FLG.PRU positions and 4 closed out — a net gain of 4 holders — while 4 added to existing stakes and 7 trimmed.
The largest buyer was Zazove Associates, opening a new position worth an estimated $27.7M. The largest seller was Federated Hermes, cutting an estimated $3.8M.
- 33 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q2 2017, up from 29 in Q1 2017.
- Funds reported $151M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q2 2017, up 36% quarter-over-quarter.
- 8 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q2 2017 and 4 closed out, a net change of +4 holders.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q2 2017 was Zazove Associates, an estimated $27.7M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q2 2017 was Federated Hermes, an estimated $3.8M sold.
Based on aggregated 13F filings for Q2 2017.