OFG Bancorp
216 hedge funds and large institutions have $1.6B invested in OFG Bancorp in 2024 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 75 increasing their positions, 71 reducing their positions, and 20 closing their positions.
17,200% more call options, than puts
Call options by funds: $692K | Put options by funds: $4K
45% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 20
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
3% more funds holding
Funds holding: 209 → 216 (+7)
6% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 71
3% less capital invested
Capital invested by funds: $1.66B → $1.6B (-$57.1M)
1.58% less ownership
Funds ownership: 94.14% → 92.56% (-1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$16.2M |
| 2 |
Charles Schwab
San Francisco,
California
|
+$13.1M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$7.94M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$7.92M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$5.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$23.2M |
| 2 |
Morgan Stanley
New York
|
-$21M |
| 3 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
-$15.7M |
| 4 |
JP Morgan Chase
New York
|
-$13.8M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$12.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
226
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$331K | -8,829 | Closed |
|
|
PMEF
227
Point72 Middle East FZE
Dubai,
United Arab Emirates
| – | -$293K | -7,816 | Closed |
|
|
VF
228
Vest Financial
Mclean,
Virginia
| – | -$241K | -6,442 | Closed |
|
229
Pictet Asset Management
Carouge,
Switzerland
| – | -$201K | -5,376 | Closed |
|
|
EC
230
Elequin Capital
New York
| – | -$82.3K | -2,196 | Closed |
|
|
WTG
231
West Tower Group
Richmond,
Virginia
| – | -$44.2K | -1,179 | Closed |
|
|
NMG
232
New Millennium Group
Sandy,
Utah
| – | -$29.7K | -793 | Closed |
|
|
WIA
233
Wetzel Investment Advisors
Indianapolis,
Indiana
| – | -$11K | -285 | Closed |
|
|
BTI
234
Blue Trust Inc
Alpharetta,
Georgia
| – | -$6K | -210 | Closed |
|
|
BF
235
BOK Financial
Tulsa,
Oklahoma
| – | -$4.54K | -121 | Closed |
|
236
Osaic Holdings
Scottsdale,
Arizona
| – | -$599 | -16 | Closed |
|
OFG Hedge Fund Activity: Q1 2024 in Review
216 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in OFG Bancorp (OFG) for Q1 2024, worth a combined $1.6B — down 3.4% from $1.66B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new OFG positions and 20 closed out — a net gain of 9 holders — while 75 added to existing stakes and 71 trimmed.
The largest buyer was Millennium Management, adding an estimated $16.2M. The largest seller was First Trust Advisors, cutting an estimated $23.2M.
- 216 institutional investors held OFG Bancorp (OFG) as of Q1 2024, up from 209 in Q4 2023.
- Funds reported $1.6B of OFG Bancorp stock for Q1 2024, down 3.4% quarter-over-quarter.
- 29 funds opened new OFG Bancorp positions in Q1 2024 and 20 closed out, a net change of +9 holders.
- The largest OFG Bancorp buyer in Q1 2024 was Millennium Management, an estimated $16.2M added.
- The largest OFG Bancorp seller in Q1 2024 was First Trust Advisors, an estimated $23.2M sold.
Based on aggregated 13F filings for Q1 2024.