Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
34 hedge funds and large institutions have $91.7M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2023 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
18% more capital invested
Capital invested by funds: $77.7M → $91.7M (+$14M)
10% more funds holding
Funds holding: 31 → 34 (+3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$8.75M |
| 2 |
ACM
Advent Capital Management
New York
|
+$7.08M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$6.11M |
| 4 |
BlackRock
New York
|
+$1.15M |
| 5 |
SIM
SSI Investment Management
Los Angeles,
California
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Camden Asset Management
Los Angeles,
California
|
-$3.72M |
| 2 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$2.2M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$783K |
| 4 |
Morgan Stanley
New York
|
-$158K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$138K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CL
26
CSS LLC
Chicago,
Illinois
| $206K | +$204K | +5,122 | New |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $187K | – | – | – |
|
28
UBS Group
Zurich,
Switzerland
| $60.4K | -$119K | -2,990 | -67% |
|
|
MRCM
29
M&R Capital Management
Summit,
New Jersey
| $40.5K | – | – | – |
|
30
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $32.4K | +$12K | +300 | +60% |
|
|
MA
31
Montag & Associates
Atlanta,
Georgia
| $30.3K | – | – | – |
|
|
FFA
32
Fairfield Financial Advisors
Wellesley,
Massachusetts
| $25.9K | – | – | – |
|
|
BSB
33
Bangor Savings Bank
Bangor,
Maine
| $24.3K | – | – | – |
|
34
US Bancorp
Minneapolis,
Minnesota
| $11.6K | – | – | – |
|
35
Citigroup
New York
| $6.84K | – | – | – |
|
|
CAM
36
Camden Asset Management
Los Angeles,
California
| – | -$3.72M | -96,123 | Closed |
|
|
37
Mirae Asset Global Investments
Seoul,
South Korea
| – | -$2.2M | -56,753 | Closed |
|
FLG.PRU Hedge Fund Activity: Q2 2023 in Review
34 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q2 2023, worth a combined $91.7M — up 18% from $77.7M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FLG.PRU positions and 2 closed out — a net gain of 3 holders — while 9 added to existing stakes and 7 trimmed.
The largest buyer was Lord, Abbett & Co, opening a new position worth an estimated $8.75M. The largest seller was Camden Asset Management, exiting entirely with an estimated $3.72M sold.
- 34 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q2 2023, up from 31 in Q1 2023.
- Funds reported $91.7M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q2 2023, up 18% quarter-over-quarter.
- 5 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q2 2023 and 2 closed out, a net change of +3 holders.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q2 2023 was Lord, Abbett & Co, an estimated $8.75M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q2 2023 was Camden Asset Management, an estimated $3.72M sold.
Based on aggregated 13F filings for Q2 2023.