Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
30 hedge funds and large institutions have $130M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2018 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 5 reducing their positions, and 6 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 5
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less funds holding
Funds holding: 31 → 30 (-1)
15% less capital invested
Capital invested by funds: $152M → $130M (-$22.1M)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$23.5M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$2.33M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.03M |
| 4 |
BlackRock
New York
|
+$182K |
| 5 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$156K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$23M |
| 2 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
-$2.11M |
| 3 |
ACM
Advent Capital Management
New York
|
-$880K |
| 4 |
Barclays
London,
United Kingdom
|
-$725K |
| 5 |
SB
Suntrust Banks
Atlanta,
Georgia
|
-$296K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CTC
26
Central Trust Company
Jefferson City,
Missouri
| $120K | – | – | – |
|
|
GXMC
27
Global X Management Company
New York
| $110K | +$109K | +2,198 | New |
|
|
MA
28
MUFG Americas
New York
| $103K | +$102K | +2,050 | New |
|
29
UBS Group
Zurich,
Switzerland
| $78K | – | – | – |
|
|
CPA
30
Clear Perspective Advisors
Aurora,
Illinois
| $33K | +$32.9K | +665 | New |
|
31
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $25K | – | – | – |
|
|
LIA
32
LS Investment Advisors
Bloomfield Hills,
Michigan
| $8K | – | – | – |
|
|
ZA
33
Zazove Associates
Incline Village,
Nevada
| – | -$23M | -461,273 | Closed |
|
|
CIP
34
Chartwell Investment Partners
Berywn,
Pennsylvania
| – | -$2.11M | -42,377 | Closed |
|
|
35
Barclays
London,
United Kingdom
| – | -$725K | -14,500 | Closed |
|
|
SB
36
Suntrust Banks
Atlanta,
Georgia
| – | -$296K | -5,912 | Closed |
|
37
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$57K | -1,135 | Closed |
|
|
SWP
38
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$5K | -100 | Closed |
|
FLG.PRU Hedge Fund Activity: Q2 2018 in Review
30 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q2 2018, worth a combined $130M — down 15% from $152M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FLG.PRU and 5 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 8 added.
The largest buyer was Victory Capital Management, opening a new position worth an estimated $23.5M. The largest seller was Zazove Associates, exiting entirely with an estimated $23M sold.
- 30 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q2 2018, down from 31 in Q1 2018.
- Funds reported $130M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q2 2018, down 15% quarter-over-quarter.
- 5 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q2 2018 and 6 closed out, a net change of -1 holder.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q2 2018 was Victory Capital Management, an estimated $23.5M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q2 2018 was Zazove Associates, an estimated $23M sold.
Based on aggregated 13F filings for Q2 2018.