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FLG.PRU

Flagstar Bank National Association Bifurcated Option Note Unit Securities

33 hedge funds and large institutions have $151M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2017 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 4

36% more capital invested

Capital invested by funds: $112M → $151M (+$39.9M)

14% more funds holding

Funds holding: 2933 (+4)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

43% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 7

Holders
33
Holders Change
+4
Holders Change %
+13.79%
% of All Funds
0.82%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.05%
New
8
Increased
4
Reduced
7
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
ZA
1
Zazove Associates
Nevada
$28.2M +$27.7M +549,358 New
WCM
2
Waterstone Capital Management
Minnesota
$24.9M
Victory Capital Management
3
Victory Capital Management
Texas
$21.2M -$2.54M -50,362 -11%
ACM
4
Advent Capital Management
New York
$17.1M +$16.8M +333,111 New
CCM
5
Cutler Capital Management
Massachusetts
$9.55M -$979K -19,408 -9%
Federated Hermes
6
Federated Hermes
Pennsylvania
$7.29M -$3.8M -75,270 -35%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$7.03M
Thrivent Financial for Lutherans
8
Thrivent Financial for Lutherans
Minnesota
$6.42M +$1.56M +31,000 +32%
Bessemer Group
9
Bessemer Group
New Jersey
$5.35M
CI
10
Cincinnati Insurance
Ohio
$4.89M
GF
11
Gabelli Funds
New York
$3.3M
Bank of America
12
Bank of America
North Carolina
$2.94M +$9.13K +181 +0.3%
Wells Fargo
13
Wells Fargo
California
$2.89M +$939K +18,615 +50%
FPC
14
Falcon Point Capital
California
$1.8M
Morgan Stanley
15
Morgan Stanley
New York
$1.35M -$747K -14,803 -36%
KeyBank National Association
16
KeyBank National Association
Ohio
$949K -$262K -5,200 -22%
Calamos Advisors
17
Calamos Advisors
Illinois
$927K -$45.9K -910 -5%
AIP
18
Ameritas Investment Partners
Nebraska
$844K
AWA
19
Arete Wealth Advisors
Illinois
$780K +$764K +15,141 New
SIM
20
Sonora Investment Management
Arizona
$667K
ADBIC
21
A.D. Beadell Investment Counsel
Wisconsin
$560K
Neuberger Berman Group
22
Neuberger Berman Group
New York
$391K +$10.1K +200 +3%
SIM
23
SSI Investment Management
California
$383K +$378K +7,500 New
SB
24
Suntrust Banks
Georgia
$379K +$371K +7,362 New
GI
25
GAMCO Investors
Connecticut
$361K

FLG.PRU Hedge Fund Activity: Q2 2017 in Review

33 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q2 2017, worth a combined $151M — up 36% from $112M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new FLG.PRU positions and 4 closed out — a net gain of 4 holders — while 4 added to existing stakes and 7 trimmed.

The largest buyer was Zazove Associates, opening a new position worth an estimated $27.7M. The largest seller was Federated Hermes, cutting an estimated $3.8M.

  • 33 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q2 2017, up from 29 in Q1 2017.
  • Funds reported $151M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q2 2017, up 36% quarter-over-quarter.
  • 8 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q2 2017 and 4 closed out, a net change of +4 holders.
  • The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q2 2017 was Zazove Associates, an estimated $27.7M added.
  • The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q2 2017 was Federated Hermes, an estimated $3.8M sold.

Based on aggregated 13F filings for Q2 2017.