OFG Bancorp
126 hedge funds and large institutions have $737M invested in OFG Bancorp in 2013 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 51 increasing their positions, 35 reducing their positions, and 18 closing their positions.
270% more call options, than puts
Call options by funds: $959K | Put options by funds: $259K
46% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 35
28% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 18
3% more funds holding
Funds holding: 122 → 126 (+4)
0.55% more ownership
Funds ownership: 99.14% → 99.69% (+0.55%)
10% less capital invested
Capital invested by funds: $819M → $737M (-$82.4M)
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$18.8M |
| 2 |
State Street
Boston,
Massachusetts
|
+$7.7M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
+$6.38M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$4.98M |
| 5 |
QBFM
QS Batterymarch Financial Management
New York
|
+$4.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$24.6M |
| 2 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$13M |
| 3 |
NPIC
Neumeier Poma Investment Counsel
Carmel,
California
|
-$7.63M |
| 4 |
JAM
Jacobs Asset Management
New York
|
-$6.55M |
| 5 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
-$6.38M |
OFG Hedge Fund Activity: Q3 2013 in Review
126 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in OFG Bancorp (OFG) for Q3 2013, worth a combined $737M — down 10% from $819M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new OFG positions and 18 closed out — a net gain of 5 holders — while 51 added to existing stakes and 35 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $18.8M. The largest seller was Wellington Management Group, cutting an estimated $24.6M.
- 126 institutional investors held OFG Bancorp (OFG) as of Q3 2013, up from 122 in Q2 2013.
- Funds reported $737M of OFG Bancorp stock for Q3 2013, down 10% quarter-over-quarter.
- 23 funds opened new OFG Bancorp positions in Q3 2013 and 18 closed out, a net change of +5 holders.
- The largest OFG Bancorp buyer in Q3 2013 was Deutsche Bank, an estimated $18.8M added.
- The largest OFG Bancorp seller in Q3 2013 was Wellington Management Group, an estimated $24.6M sold.
Based on aggregated 13F filings for Q3 2013.