Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
34 hedge funds and large institutions have $149M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2018 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
14% more capital invested
Capital invested by funds: $130M → $149M (+$18.6M)
13% more funds holding
Funds holding: 30 → 34 (+4)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZA
Zazove Associates
Incline Village,
Nevada
|
+$20.2M |
| 2 |
SIM
SSI Investment Management
Los Angeles,
California
|
+$1.24M |
| 3 |
AWM
Altium Wealth Management
Purchase,
New York
|
+$894K |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$642K |
| 5 |
ACM
Advent Capital Management
New York
|
+$372K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FPC
Falcon Point Capital
San Francisco,
California
|
-$1.24M |
| 2 |
GF
Gabelli Funds
Rye,
New York
|
-$299K |
| 3 |
CCM
Cutler Capital Management
Worcester,
Massachusetts
|
-$99.2K |
| 4 |
Neuberger Berman Group
New York
|
-$89.6K |
| 5 |
FCMC
Founders Capital Management (Connecticut)
East Hartford,
Connecticut
|
-$49.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TA
26
Teton Advisors
Rye,
New York
| $299K | +$299K | +6,000 | New |
|
|
27
Neuberger Berman Group
New York
| $290K | -$89.6K | -1,800 | -23% |
|
28
BlackRock
New York
| $181K | – | – | – |
|
|
MA
29
MUFG Americas
New York
| $130K | +$29.1K | +585 | +29% |
|
|
CTC
30
Central Trust Company
Jefferson City,
Missouri
| $118K | – | – | – |
|
|
ICM
31
IMS Capital Management
Portland,
Oregon
| $103K | +$104K | +2,100 | New |
|
32
UBS Group
Zurich,
Switzerland
| $77K | – | – | – |
|
33
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $25K | – | – | – |
|
34
Ameriprise
Minneapolis,
Minnesota
| $21K | +$20.7K | +417 | New |
|
|
LIA
35
LS Investment Advisors
Bloomfield Hills,
Michigan
| $8K | – | – | – |
|
|
AAP
36
Arax Advisory Partners
Denver,
Colorado
| $2K | +$2.49K | +50 | New |
|
|
CPA
37
Clear Perspective Advisors
Aurora,
Illinois
| – | -$33K | -665 | Closed |
|
FLG.PRU Hedge Fund Activity: Q3 2018 in Review
34 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q3 2018, worth a combined $149M — up 14% from $130M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FLG.PRU positions and 1 closed out — a net gain of 5 holders — while 10 added to existing stakes and 7 trimmed.
The largest buyer was Zazove Associates, opening a new position worth an estimated $20.2M. The largest seller was Falcon Point Capital, cutting an estimated $1.24M.
- 34 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q3 2018, up from 30 in Q2 2018.
- Funds reported $149M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q3 2018, up 14% quarter-over-quarter.
- 6 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q3 2018 and 1 closed out, a net change of +5 holders.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q3 2018 was Zazove Associates, an estimated $20.2M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q3 2018 was Falcon Point Capital, an estimated $1.24M sold.
Based on aggregated 13F filings for Q3 2018.