Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
33 hedge funds and large institutions have $106M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2020 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 3 closing their positions.
8% less funds holding
Funds holding: 36 → 33 (-3)
20% less capital invested
Capital invested by funds: $132M → $106M (-$26.4M)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$23.3M |
| 2 |
ACM
Advent Capital Management
New York
|
+$1.52M |
| 3 |
MA
MUFG Americas
New York
|
+$1.36M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$467K |
| 5 |
PAM
Private Asset Management
San Diego,
California
|
+$405K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$4.13M |
| 2 |
SIM
SSI Investment Management
Los Angeles,
California
|
-$1.47M |
| 3 |
AIP
Ameritas Investment Partners
Lincoln,
Nebraska
|
-$806K |
| 4 |
PHAM
Pacific Heights Asset Management
San Francisco,
California
|
-$203K |
| 5 |
Morgan Stanley
New York
|
-$199K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
UCFA
26
United Capital Financial Advisors
Irving,
Texas
| $223K | – | – | – |
|
|
GI
27
GAMCO Investors
Greenwich,
Connecticut
| $215K | -$123K | -2,500 | -33% |
|
28
UBS Group
Zurich,
Switzerland
| $89K | -$5.65K | -115 | -5% |
|
|
SFS
29
Sowell Financial Services
North Little Rock,
Arkansas
| $82K | – | – | – |
|
30
Osaic Holdings
Scottsdale,
Arizona
| $37K | +$44.4K | +904 | New |
|
31
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $21K | – | – | – |
|
|
ASN
32
Advisory Services Network
Atlanta,
Georgia
| $17K | – | – | – |
|
|
WCG
33
Weaver Consulting Group
Huntington Beach,
California
| $4K | – | – | – |
|
34
Royal Bank of Canada
Toronto,
Ontario, Canada
| $3K | – | – | – |
|
|
VCP
35
Verus Capital Partners
Scottsdale,
Arizona
| $2K | – | – | – |
|
|
PHAM
36
Pacific Heights Asset Management
San Francisco,
California
| – | -$203K | -4,000 | Closed |
|
|
CA
37
Crewe Advisors
Salt Lake City,
Utah
| – | -$14K | -274 | Closed |
|
FLG.PRU Hedge Fund Activity: Q1 2020 in Review
33 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q1 2020, worth a combined $106M — down 20% from $132M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FLG.PRU and 2 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 7 added.
The largest buyer was Victory Capital Management, adding an estimated $23.3M. The largest seller was Zazove Associates, cutting an estimated $4.13M.
- 33 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q1 2020, down from 36 in Q4 2019.
- Funds reported $106M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q1 2020, down 20% quarter-over-quarter.
- 2 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q1 2020 and 3 closed out, a net change of -1 holder.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q1 2020 was Victory Capital Management, an estimated $23.3M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q1 2020 was Zazove Associates, an estimated $4.13M sold.
Based on aggregated 13F filings for Q1 2020.