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OFG Bancorp
OFG

180 hedge funds and large institutions have $1.14B invested in OFG Bancorp in 2019 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 70 increasing their positions, 59 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

91% more call options, than puts

Call options by funds: $16.3M | Put options by funds: $8.55M

21% more capital invested

Capital invested by funds: $941M → $1.14B (+$196M)

19% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 59

0.56% more ownership

Funds ownership: 92.79% → 93.34% (+0.56%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

6% less funds holding

Funds holding: 192 → 180 (-12)

32% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 25

Holders
180
Holders Change
-12
Holders Change %
-6.25%
% of All Funds
3.91%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
17
Increased
70
Reduced
59
Closed
25
Calls
$16.3M
Puts
$8.55M
Net Calls
+$7.78M
Net Calls Change
-$1.41M

Top Buyers

Rank Fund Capital Flow
1
N
Nuveen
North Carolina
+$30M
2
VOYA Investment Management
VOYA Investment Management
Georgia
+$13.9M
3
Bank of America
Bank of America
North Carolina
+$5.76M
4
APG Asset Management
APG Asset Management
Netherlands
+$5.4M
5
BlackRock
BlackRock
New York
+$5.11M

Top Sellers

Rank Fund Capital Flow
1
Capital International Investors
Capital International Investors
California
-$10.3M
2
Bank of New York Mellon
Bank of New York Mellon
New York
-$5.7M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$5.4M
4
Two Sigma Investments
Two Sigma Investments
New York
-$3.46M
5
Prudential Financial
Prudential Financial
New Jersey
-$3.46M
Name Holding Trade Value Shares
Change 		Change in
Stake
PPCM
126
Pillar Pacific Capital Management
California
$357K – – –
MLICM
127
Metropolitan Life Insurance Company (MetLife)
New York
$356K +$6.71K +337 +2%
SGAM
128
Smith Group Asset Management
Texas
$356K -$21.3K -1,070 -7%
First Manhattan
129
First Manhattan
New York
$356K – – –
COPPSERS
130
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$355K -$418 -21 -0.1%
SOADOR
131
State of Alaska Department of Revenue
Alaska
$352K +$3.07K +154 +1%
VF
132
Virtu Financial
New York
$352K +$295K +14,794 New
MSA
133
Mason Street Advisors
Wisconsin
$346K +$11.2K +562 +4%
FRM
134
Fox Run Management
Connecticut
$321K +$269K +13,506 New
MC
135
Miles Capital
Iowa
$319K +$16.3K +818 +6%
TRSOTSOK
136
Teachers Retirement System of the State of Kentucky
Kentucky
$314K -$135K -6,800 -34%
Bessemer Group
137
Bessemer Group
New Jersey
$309K +$259K +13,000 New
CIM
138
Cambria Investment Management
California
$304K -$63.7K -3,196 -20%
MCIM
139
Meadow Creek Investment Management
Georgia
$269K – – –
Bank of Montreal
140
Bank of Montreal
Ontario, Canada
$265K +$97.2K +4,880 +77%
BNP Paribas Financial Markets
141
BNP Paribas Financial Markets
France
$263K -$77.7K -3,899 -26%
LI
142
Leap Investments
Illinois
$242K +$203K +10,200 New
SM
143
Salzhauer Michael
$241K +$202K +10,121 New
EP
144
Elkfork Partners
Oregon
$222K – – –
ZCM
145
Zebra Capital Management
Connecticut
$217K +$182K +9,132 New
RCM
146
Riverhead Capital Management
Delaware
$200K – – –
UFF
147
USA Financial Formulas
Michigan
$179K +$13.2K +664 +8%
GHCM
148
Glen Harbor Capital Management
California
$174K – – –
Robeco Institutional Asset Management
149
Robeco Institutional Asset Management
Netherlands
$162K – – –
Victory Capital Management
150
Victory Capital Management
Texas
$133K -$193K -9,694 -63%
4 5
6
7 8

OFG Hedge Fund Activity: Q2 2019 in Review

180 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in OFG Bancorp (OFG) for Q2 2019, worth a combined $1.14B — up 21% from $941M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of OFG and 17 opened new positions — a net loss of 8 holders — while 59 trimmed existing stakes and 70 added.

The largest buyer was Nuveen, opening a new position worth an estimated $30M. The largest seller was Capital International Investors, exiting entirely with an estimated $10.3M sold.

  • 180 institutional investors held OFG Bancorp (OFG) as of Q2 2019, down from 192 in Q1 2019.
  • Funds reported $1.14B of OFG Bancorp stock for Q2 2019, up 21% quarter-over-quarter.
  • 17 funds opened new OFG Bancorp positions in Q2 2019 and 25 closed out, a net change of -8 holders.
  • The largest OFG Bancorp buyer in Q2 2019 was Nuveen, an estimated $30M added.
  • The largest OFG Bancorp seller in Q2 2019 was Capital International Investors, an estimated $10.3M sold.

Based on aggregated 13F filings for Q2 2019.