Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
34 hedge funds and large institutions have $161M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
6% more capital invested
Capital invested by funds: $151M → $161M (+$9.04M)
3% more funds holding
Funds holding: 33 → 34 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
+$5.75M |
| 2 |
ACM
Advent Capital Management
New York
|
+$3.66M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$2.8M |
| 4 |
FCMC
Founders Capital Management (Connecticut)
East Hartford,
Connecticut
|
+$2.72M |
| 5 |
SIM
SSI Investment Management
Los Angeles,
California
|
+$2.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$4.63M |
| 2 |
KeyBank National Association
Cleveland,
Ohio
|
-$949K |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$848K |
| 4 |
CCM
Cutler Capital Management
Worcester,
Massachusetts
|
-$259K |
| 5 |
Calamos Advisors
Naperville,
Illinois
|
-$76.2K |
FLG.PRU Hedge Fund Activity: Q3 2017 in Review
34 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 Q3 2017, worth a combined $161M — up 6% from $151M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FLG.PRU positions and 3 closed out — a net gain of 1 holder — while 8 added to existing stakes and 8 trimmed.
The largest buyer was Chartwell Investment Partners, opening a new position worth an estimated $5.75M. The largest seller was Zazove Associates, cutting an estimated $4.63M.
- 34 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q3 2017, up from 33 in Q2 2017.
- Funds reported $161M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q3 2017, up 6% quarter-over-quarter.
- 4 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q3 2017 and 3 closed out, a net change of +1 holder.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q3 2017 was Chartwell Investment Partners, an estimated $5.75M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q3 2017 was Zazove Associates, an estimated $4.63M sold.
Based on aggregated 13F filings for Q3 2017.