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FLG.PRU

Flagstar Bank National Association Bifurcated Option Note Unit Securities

26 hedge funds and large institutions have $151M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 2 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 2

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

8% more funds holding

Funds holding: 2426 (+2)

20% less capital invested

Capital invested by funds: $190M → $151M (-$38.8M)

Holders
26
Holders Change
+2
Holders Change %
+8.33%
% of All Funds
0.73%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
6
Increased
7
Reduced
2
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Victory Capital Management
1
Victory Capital Management
Texas
$25.3M +$608K +11,994 +2%
Citigroup
2
Citigroup
New York
$24.9M -$5.19M -102,234 -17%
WCM
3
Waterstone Capital Management
Minnesota
$21.8M
KG
4
Killen Group
Pennsylvania
$18.1M +$19K +375 +0.1%
Federated Hermes
5
Federated Hermes
Pennsylvania
$10.8M +$5.65M +111,381 +106%
GLI
6
Guardian Life Insurance
New York
$8.73M
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$7.09M
CCM
8
Cutler Capital Management
Massachusetts
$5.56M +$2.6M +51,273 +86%
Bessemer Group
9
Bessemer Group
New Jersey
$5.25M
CI
10
Cincinnati Insurance
Ohio
$4.74M
Bank of America
11
Bank of America
North Carolina
$3.18M +$3.22M +63,422 +36,035%
CS
12
Credit Suisse
Switzerland
$2.67M +$2.24M +44,230 +486%
Thrivent Financial for Lutherans
13
Thrivent Financial for Lutherans
Minnesota
$2.55M
DCM
14
Dinsmore Capital Management
New Jersey
$2.4M
FPC
15
Falcon Point Capital
California
$1.75M
KeyBank National Association
16
KeyBank National Association
Ohio
$1.69M
Calamos Advisors
17
Calamos Advisors
Illinois
$1.28M -$223K -4,400 -15%
Wells Fargo
18
Wells Fargo
California
$825K +$87.6K +1,726 +12%
Lord, Abbett & Co
19
Lord, Abbett & Co
New Jersey
$808K +$819K +16,150 New
Mariner
20
Mariner
Kansas
$444K +$450K +8,875 New
Neuberger Berman Group
21
Neuberger Berman Group
New York
$440K
SIM
22
Sonora Investment Management
Arizona
$385K +$395K +7,795 New
UBS Group
23
UBS Group
Switzerland
$49K
GWM
24
Gupta Wealth Management
California
$43K
PNC Financial Services Group
25
PNC Financial Services Group
Pennsylvania
$41K

FLG.PRU Hedge Fund Activity: Q3 2015 in Review

26 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q3 2015, worth a combined $151M — down 20% from $190M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new FLG.PRU positions and 3 closed out — a net gain of 3 holders — while 7 added to existing stakes and 2 trimmed.

The largest buyer was Federated Hermes, adding an estimated $5.65M. The largest seller was Zazove Associates, exiting entirely with an estimated $34.9M sold.

  • 26 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q3 2015, up from 24 in Q2 2015.
  • Funds reported $151M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q3 2015, down 20% quarter-over-quarter.
  • 6 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q3 2015 and 3 closed out, a net change of +3 holders.
  • The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q3 2015 was Federated Hermes, an estimated $5.65M added.
  • The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q3 2015 was Zazove Associates, an estimated $34.9M sold.

Based on aggregated 13F filings for Q3 2015.