Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
28 hedge funds and large institutions have $84.1M invested in Flagstar Bank National Association Bifurcated Option Note Unit Securities in 2020 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 8 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less capital invested
Capital invested by funds: $88.1M → $84.1M (-$4M)
15% less funds holding
Funds holding: 33 → 28 (-5)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZA
Zazove Associates
Incline Village,
Nevada
|
+$2.89M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$492K |
| 3 |
BlackRock
New York
|
+$423K |
| 4 |
KCPG
Kavar Capital Partners Group
Leawood,
Kansas
|
+$377K |
| 5 |
PAM
Private Asset Management
San Diego,
California
|
+$367K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$2.22M |
| 2 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$1.17M |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
-$1.13M |
| 4 |
MA
MUFG Americas
New York
|
-$773K |
| 5 |
ACM
Advent Capital Management
New York
|
-$566K |
FLG.PRU Hedge Fund Activity: Q3 2020 in Review
28 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) for Q3 2020, worth a combined $84.1M — down 4.5% from $88.1M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FLG.PRU and 3 opened new positions — a net loss of 5 holders — while 6 trimmed existing stakes and 7 added.
The largest buyer was Zazove Associates, opening a new position worth an estimated $2.89M. The largest seller was Federated Hermes, exiting entirely with an estimated $2.22M sold.
- 28 institutional investors held Flagstar Bank National Association Bifurcated Option Note Unit Securities (FLG.PRU) as of Q3 2020, down from 33 in Q2 2020.
- Funds reported $84.1M of Flagstar Bank National Association Bifurcated Option Note Unit Securities stock for Q3 2020, down 4.5% quarter-over-quarter.
- 3 funds opened new Flagstar Bank National Association Bifurcated Option Note Unit Securities positions in Q3 2020 and 8 closed out, a net change of -5 holders.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities buyer in Q3 2020 was Zazove Associates, an estimated $2.89M added.
- The largest Flagstar Bank National Association Bifurcated Option Note Unit Securities seller in Q3 2020 was Federated Hermes, an estimated $2.22M sold.
Based on aggregated 13F filings for Q3 2020.