Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
22 hedge funds and large institutions have $56.5M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2024 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 10 reducing their positions, and 15 closing their positions.
35% less funds holding
Funds holding: 34 → 22 (-12)
37% less capital invested
Capital invested by funds: $90.2M → $56.5M (-$33.6M)
50% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 10
73% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$2.94M |
| 2 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$1.95M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$1.2M |
| 4 |
MCM
Maltese Capital Management
New York
|
+$636K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$446K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$7.87M |
| 2 |
ACM
Advent Capital Management
New York
|
-$6.63M |
| 3 |
SIM
SSI Investment Management
Los Angeles,
California
|
-$2.61M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$2.29M |
| 5 |
GF
Gabelli Funds
Rye,
New York
|
-$1.33M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SIM
26
SSI Investment Management
Los Angeles,
California
| – | -$2.61M | -64,890 | Closed |
|
|
GF
27
Gabelli Funds
Rye,
New York
| – | -$1.33M | -32,000 | Closed |
|
|
ICA
28
Infrastructure Capital Advisors
New York
| – | -$1.03M | -24,902 | Closed |
|
|
ZA
29
Zazove Associates
Incline Village,
Nevada
| – | -$790K | -19,388 | Closed |
|
|
AIP
30
Ameritas Investment Partners
Lincoln,
Nebraska
| – | -$626K | -15,069 | Closed |
|
|
CIC
31
Carnegie Investment Counsel
Pepper Pike,
Ohio
| – | -$598K | -14,398 | Closed |
|
|
GGS
32
Galvin Gaustad & Stein
Scottsdale,
Arizona
| – | -$456K | -10,985 | Closed |
|
|
GI
33
GAMCO Investors
Greenwich,
Connecticut
| – | -$374K | -9,000 | Closed |
|
34
Neuberger Berman Group
New York
| – | -$222K | -5,350 | Closed |
|
|
AWS
35
Atria Wealth Solutions
New York
| – | -$213K | -5,122 | Closed |
|
|
MA
36
Montag & Associates
Atlanta,
Georgia
| – | -$31.1K | -750 | Closed |
|
|
MRCM
37
M&R Capital Management
Summit,
New Jersey
| – | -$31.1K | -750 | Closed |
|
38
Citigroup
New York
| – | -$7.01K | -169 | Closed |
|
FLG.PRU Hedge Fund Activity: Q1 2024 in Review
22 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q1 2024, worth a combined $56.5M — down 37% from $90.2M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of FLG.PRU and 4 opened new positions — a net loss of 11 holders — while 10 trimmed existing stakes and 5 added.
The largest buyer was Victory Capital Management, adding an estimated $2.94M. The largest seller was Ameriprise, exiting entirely with an estimated $7.87M sold.
- 22 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q1 2024, down from 34 in Q4 2023.
- Funds reported $56.5M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q1 2024, down 37% quarter-over-quarter.
- 4 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q1 2024 and 15 closed out, a net change of -11 holders.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q1 2024 was Victory Capital Management, an estimated $2.94M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q1 2024 was Ameriprise, an estimated $7.87M sold.
Based on aggregated 13F filings for Q1 2024.