First Republic Bank Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.125% Noncumulative Perpetual Series K Preferred Stock
FRC.PRK
FRC.PRK was delisted on the 28th of April, 2023.
2 hedge funds and large institutions have $316K invested in First Republic Bank Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.125% Noncumulative Perpetual Series K Preferred Stock in 2023 Q1 according to their latest regulatory filings, with 1 funds opening new positions, increasing their positions, 1 reducing their positions, and 2 closing their positions.
385% more capital invested
Capital invested by funds: $65.2K → $316K (+$251K)
33% less funds holding
Funds holding: 3 → 2 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
SkyView Investment Advisors
Shrewsbury,
New Jersey
|
+$228K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RMC
Resources Management Corp
West Hartford,
Connecticut
|
-$55.4K |
| 2 |
BWAM
Boyd Watterson Asset Management
Cleveland,
Ohio
|
-$2K |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$192 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RMC
1
Resources Management Corp
West Hartford,
Connecticut
| $236K | -$55.4K | -3,635 | -92% |
|
|
SIA
2
SkyView Investment Advisors
Shrewsbury,
New Jersey
| $80K | +$228K | +15,000 | New |
|
|
BWAM
3
Boyd Watterson Asset Management
Cleveland,
Ohio
| – | -$2K | -125 | Closed |
|
|
4
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$192 | -12 | Closed |
|
FRC.PRK Hedge Fund Activity: Q1 2023 in Review
2 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 4.125% Noncumulative Perpetual Series K Preferred Stock (FRC.PRK) for Q1 2023, worth a combined $316K — up 385% from $65.2K a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of FRC.PRK and 1 opened new positions — a net loss of 1 holder — while 1 trimmed existing stakes and 0 added.
The largest buyer was SkyView Investment Advisors, opening a new position worth an estimated $228K. The largest seller was Resources Management Corp, cutting an estimated $55.4K.
- 2 institutional investors held First Republic Bank Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.125% Noncumulative Perpetual Series K Preferred Stock (FRC.PRK) as of Q1 2023, down from 3 in Q4 2022.
- Funds reported $316K of First Republic Bank Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.125% Noncumulative Perpetual Series K Preferred Stock stock for Q1 2023, up 385% quarter-over-quarter.
- 1 fund opened new First Republic Bank Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.125% Noncumulative Perpetual Series K Preferred Stock positions in Q1 2023 and 2 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 4.125% Noncumulative Perpetual Series K Preferred Stock buyer in Q1 2023 was SkyView Investment Advisors, an estimated $228K added.
- The largest First Republic Bank Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.125% Noncumulative Perpetual Series K Preferred Stock seller in Q1 2023 was Resources Management Corp, an estimated $55.4K sold.
Based on aggregated 13F filings for Q1 2023.