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OFG Bancorp

146 hedge funds and large institutions have $556M invested in OFG Bancorp in 2020 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 36 increasing their positions, 51 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more call options, than puts

Call options by funds: $396K | Put options by funds: $255K

36% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 11

3% more funds holding

Funds holding: 142146 (+4)

4.19% less ownership

Funds ownership: 91.18%87% (-4.2%)

11% less capital invested

Capital invested by funds: $626M → $556M (-$69.7M)

29% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 51

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

Holders
146
Holders Change
+4
Holders Change %
+2.82%
% of All Funds
2.95%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.04%
New
15
Increased
36
Reduced
51
Closed
11
Calls
$396K
Puts
$255K
Net Calls
+$141K
Net Calls Change
+$91K
Name Holding Trade Value Shares
Change
Change in
Stake
Invesco
26
Invesco
Georgia
$3.64M -$573K -43,748 -13%
Russell Investments Group
27
Russell Investments Group
United Kingdom
$3.52M +$118K +8,994 +3%
JP Morgan Chase
28
JP Morgan Chase
New York
$3.13M +$91.5K +6,980 +3%
PI
29
Putnam Investments
Massachusetts
$2.71M +$368K +28,100 +15%
PCM
30
Polaris Capital Management
Massachusetts
$2.69M
State of New Jersey Common Pension Fund D
31
State of New Jersey Common Pension Fund D
New Jersey
$2.13M +$16.9K +1,288 +0.8%
RhumbLine Advisers
32
RhumbLine Advisers
Massachusetts
$1.97M -$137K -10,448 -6%
Goldman Sachs
33
Goldman Sachs
New York
$1.95M +$695K +52,995 +51%
D.E. Shaw & Co
34
D.E. Shaw & Co
New York
$1.87M +$190K +14,481 +11%
Legal & General Group
35
Legal & General Group
United Kingdom
$1.74M +$3.71K +283 +0.2%
Victory Capital Management
36
Victory Capital Management
Texas
$1.72M -$12.1K -920 -0.7%
Morgan Stanley
37
Morgan Stanley
New York
$1.71M -$193K -14,731 -10%
Thrivent Financial for Lutherans
38
Thrivent Financial for Lutherans
Minnesota
$1.71M +$1M +76,603 +127%
California Public Employees Retirement System
39
California Public Employees Retirement System
California
$1.46M +$70.7K +5,391 +5%
Swiss National Bank
40
Swiss National Bank
Switzerland
$1.45M +$22.3K +1,700 +1%
Public Sector Pension Investment Board (PSP Investments)
41
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.43M
JAM
42
Jacobs Asset Management
New York
$1.25M
MUAMU
43
Mitsubishi UFJ Asset Management (UK)
United Kingdom
$1.21M
AL
44
AJO LP
Pennsylvania
$1.16M -$3.26M -248,948 -73%
Renaissance Technologies
45
Renaissance Technologies
New York
$1.08M +$419K +31,965 +58%
SCM
46
Snow Capital Management
Pennsylvania
$1.08M -$13.1K -1,000 -1%
Voloridge Investment Management
47
Voloridge Investment Management
Florida
$1.06M -$359K -27,386 -24%
AllianceBernstein
48
AllianceBernstein
Tennessee
$1.02M -$39.5K -3,010 -4%
California State Teachers Retirement System (CalSTRS)
49
California State Teachers Retirement System (CalSTRS)
California
$952K
MCA
50
Mendon Capital Advisors
Florida
$934K +$983K +75,000 New

OFG Hedge Fund Activity: Q3 2020 in Review

146 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in OFG Bancorp (OFG) for Q3 2020, worth a combined $556M — down 11% from $626M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new OFG positions and 11 closed out — a net gain of 4 holders — while 36 added to existing stakes and 51 trimmed.

The largest buyer was Barrow, Hanley, Mewhinney & Strauss, adding an estimated $13.6M. The largest seller was Mirabella Financial Services, exiting entirely with an estimated $24.1M sold.

  • 146 institutional investors held OFG Bancorp (OFG) as of Q3 2020, up from 142 in Q2 2020.
  • Funds reported $556M of OFG Bancorp stock for Q3 2020, down 11% quarter-over-quarter.
  • 15 funds opened new OFG Bancorp positions in Q3 2020 and 11 closed out, a net change of +4 holders.
  • The largest OFG Bancorp buyer in Q3 2020 was Barrow, Hanley, Mewhinney & Strauss, an estimated $13.6M added.
  • The largest OFG Bancorp seller in Q3 2020 was Mirabella Financial Services, an estimated $24.1M sold.

Based on aggregated 13F filings for Q3 2020.