First Republic Bank Depositary Shares, each representing a 1/40th interest in a share of 5.50% Noncumulative Perpetual Series I Preferred Stock, par value $0.01 per share
FRC.PRI
FRC.PRI was delisted on the 28th of April, 2023.
4 hedge funds and large institutions have $1.11M invested in First Republic Bank Depositary Shares, each representing a 1/40th interest in a share of 5.50% Noncumulative Perpetual Series I Preferred Stock, par value $0.01 per share in 2022 Q4 according to their latest regulatory filings, with 3 funds opening new positions, increasing their positions, 1 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
100% more funds holding
Funds holding: 2 → 4 (+2)
90% less capital invested
Capital invested by funds: $11.6M → $1.11M (-$10.5M)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BWAM
Boyd Watterson Asset Management
Cleveland,
Ohio
|
+$13.4K |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$6.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CW
Connectus Wealth
Cincinnati,
Ohio
|
-$10.4M |
| 2 |
DLCIG
D.L. Carlson Investment Group
Concord,
New Hampshire
|
-$4.45K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DLCIG
1
D.L. Carlson Investment Group
Concord,
New Hampshire
| $1.09M | -$4.45K | -200 | -0.4% |
|
|
BWAM
2
Boyd Watterson Asset Management
Cleveland,
Ohio
| $12.7K | +$13.4K | +600 | New |
|
|
3
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $6.38K | +$6.7K | +301 | New |
|
|
CPG
4
Cornerstone Planning Group
Fairfield,
New Jersey
| $2.98K | +$2.78K | +125 | New |
|
|
CW
5
Connectus Wealth
Cincinnati,
Ohio
| – | -$10.4M | -454,421 | Closed |
|
FRC.PRI Hedge Fund Activity: Q4 2022 in Review
4 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Republic Bank Depositary Shares, each representing a 1/40th interest in a share of 5.50% Noncumulative Perpetual Series I Preferred Stock, par value $0.01 per share (FRC.PRI) for Q4 2022, worth a combined $1.11M — down 90% from $11.6M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FRC.PRI positions and 1 closed out — a net gain of 2 holders — while 0 added to existing stakes and 1 trimmed.
The largest buyer was Boyd Watterson Asset Management, opening a new position worth an estimated $13.4K. The largest seller was Connectus Wealth, exiting entirely with an estimated $10.4M sold.
- 4 institutional investors held First Republic Bank Depositary Shares, each representing a 1/40th interest in a share of 5.50% Noncumulative Perpetual Series I Preferred Stock, par value $0.01 per share (FRC.PRI) as of Q4 2022, up from 2 in Q3 2022.
- Funds reported $1.11M of First Republic Bank Depositary Shares, each representing a 1/40th interest in a share of 5.50% Noncumulative Perpetual Series I Preferred Stock, par value $0.01 per share stock for Q4 2022, down 90% quarter-over-quarter.
- 3 funds opened new First Republic Bank Depositary Shares, each representing a 1/40th interest in a share of 5.50% Noncumulative Perpetual Series I Preferred Stock, par value $0.01 per share positions in Q4 2022 and 1 closed out, a net change of +2 holders.
- The largest First Republic Bank Depositary Shares, each representing a 1/40th interest in a share of 5.50% Noncumulative Perpetual Series I Preferred Stock, par value $0.01 per share buyer in Q4 2022 was Boyd Watterson Asset Management, an estimated $13.4K added.
- The largest First Republic Bank Depositary Shares, each representing a 1/40th interest in a share of 5.50% Noncumulative Perpetual Series I Preferred Stock, par value $0.01 per share seller in Q4 2022 was Connectus Wealth, an estimated $10.4M sold.
Based on aggregated 13F filings for Q4 2022.