Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
33 hedge funds and large institutions have $117M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2018 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 6 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less funds holding
Funds holding: 34 → 33 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
21% less capital invested
Capital invested by funds: $149M → $117M (-$31.3M)
33% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$6.55M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$1.87M |
| 3 |
AIP
Ameritas Investment Partners
Lincoln,
Nebraska
|
+$767K |
| 4 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$252K |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$130K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$20M |
| 2 |
ACM
Advent Capital Management
New York
|
-$2.97M |
| 3 |
GF
Gabelli Funds
Rye,
New York
|
-$748K |
| 4 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$597K |
| 5 |
SIM
SSI Investment Management
Los Angeles,
California
|
-$520K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Neuberger Berman Group
New York
| $251K | -$14K | -300 | -5% |
|
|
UCFA
27
United Capital Financial Advisors
Irving,
Texas
| $242K | +$252K | +5,400 | New |
|
|
CTC
28
Central Trust Company
Jefferson City,
Missouri
| $107K | – | – | – |
|
29
UBS Group
Zurich,
Switzerland
| $95K | +$25.9K | +553 | +35% |
|
30
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $22K | – | – | – |
|
31
Ameriprise
Minneapolis,
Minnesota
| $18K | -$654 | -14 | -3% |
|
|
LTFS
32
Ladenburg Thalmann Financial Services
Miami,
Florida
| $10K | +$10.2K | +218 | New |
|
|
DBT
33
Dubuque Bank & Trust
Dubuque,
Iowa
| $7K | +$7.34K | +157 | New |
|
|
ZA
34
Zazove Associates
Incline Village,
Nevada
| – | -$20M | -406,579 | Closed |
|
35
BlackRock
New York
| – | -$181K | -3,685 | Closed |
|
|
MA
36
MUFG Americas
New York
| – | -$130K | -2,635 | Closed |
|
|
ICM
37
IMS Capital Management
Portland,
Oregon
| – | -$103K | -2,100 | Closed |
|
|
LIA
38
LS Investment Advisors
Bloomfield Hills,
Michigan
| – | -$8K | -397 | Closed |
|
|
AAP
39
Arax Advisory Partners
Denver,
Colorado
| – | -$2K | -50 | Closed |
|
FLG.PRU Hedge Fund Activity: Q4 2018 in Review
33 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q4 2018, worth a combined $117M — down 21% from $149M 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 12 trimmed existing stakes and 8 added.
The largest buyer was Credit Suisse, opening a new position worth an estimated $6.55M. The largest seller was Zazove Associates, exiting entirely with an estimated $20M sold.
- 33 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q4 2018, down from 34 in Q3 2018.
- Funds reported $117M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q4 2018, down 21% quarter-over-quarter.
- 5 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q4 2018 and 6 closed out, a net change of -1 holder.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q4 2018 was Credit Suisse, an estimated $6.55M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q4 2018 was Zazove Associates, an estimated $20M sold.
Based on aggregated 13F filings for Q4 2018.