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 $368K 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 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 1 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
0% more funds holding
Funds holding: 4 → 4 (0)
0% more repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 1
67% less capital invested
Capital invested by funds: $1.11M → $368K (-$742K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EFG
Ethos Financial Group
King Of Prussia,
Pennsylvania
|
+$626K |
| 2 |
AP
Advisors Preferred
Rockville,
Maryland
|
+$15.8K |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$8.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DLCIG
D.L. Carlson Investment Group
Concord,
New Hampshire
|
-$512K |
| 2 |
BWAM
Boyd Watterson Asset Management
Cleveland,
Ohio
|
-$12.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EFG
1
Ethos Financial Group
King Of Prussia,
Pennsylvania
| $198K | +$626K | +31,546 | New |
|
|
DLCIG
2
D.L. Carlson Investment Group
Concord,
New Hampshire
| $160K | -$512K | -25,812 | -50% |
|
|
AP
3
Advisors Preferred
Rockville,
Maryland
| $5.39K | +$15.8K | +795 | New |
|
|
4
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $4.45K | +$8.1K | +408 | +136% |
|
|
BWAM
5
Boyd Watterson Asset Management
Cleveland,
Ohio
| – | -$12.7K | -600 | Closed |
|
FRC.PRI Hedge Fund Activity: Q1 2023 in Review
4 of the 6,275 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 Q1 2023, worth a combined $368K — down 67% from $1.11M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new FRC.PRI positions and 1 closed out — a net gain of 1 holder — while 1 added to existing stakes and 1 trimmed.
The largest buyer was Ethos Financial Group, opening a new position worth an estimated $626K. The largest seller was D.L. Carlson Investment Group, cutting an estimated $512K.
- 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 Q1 2023, unchanged from Q4 2022.
- Funds reported $368K 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 Q1 2023, down 67% quarter-over-quarter.
- 2 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 Q1 2023 and 1 closed out, a net change of +1 holder.
- 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 Q1 2023 was Ethos Financial Group, an estimated $626K 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 Q1 2023 was D.L. Carlson Investment Group, an estimated $512K sold.
Based on aggregated 13F filings for Q1 2023.