Pitney Bowes
351 hedge funds and large institutions have $2.76B invested in Pitney Bowes in 2016 Q2 according to their latest regulatory filings, with 50 funds opening new positions, 109 increasing their positions, 123 reducing their positions, and 34 closing their positions.
47% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 34
44% more call options, than puts
Call options by funds: $26.1M | Put options by funds: $18.1M
3% more funds holding
Funds holding: 341 → 351 (+10)
2.39% less ownership
Funds ownership: 84.42% → 82.03% (-2.4%)
11% less repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 123
19% less capital invested
Capital invested by funds: $3.41B → $2.76B (-$644M)
100% less funds holding in top 10
Funds holding in top 10: 3 → 0 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$24.4M |
| 2 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
+$22.6M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$16.3M |
| 4 |
Morgan Stanley
New York
|
+$16.1M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
+$14.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$51.4M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$46.6M |
| 3 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$39.8M |
| 4 |
First Eagle Investment Management
New York
|
-$29.5M |
| 5 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$24.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIM
376
Anchor Investment Management
Columbia,
South Carolina
| – | -$6.16K | -286 | Closed |
|
|
CBT
377
Central Bank & Trust
Lexington,
Kentucky
| – | -$4K | -200 | Closed |
|
378
Bessemer Group
Woodbridge,
New Jersey
| – | -$3K | -150 | Closed |
|
|
FAM
379
Formidable Asset Management
Cincinnati,
Ohio
| – | -$2K | -120 | Closed |
|
|
S
380
SignatureFD
Atlanta,
Georgia
| – | -$1K | -35 | Closed |
|
|
GI
381
Gradient Investments
Arden Hills,
Minnesota
| – | -$1K | -30 | Closed |
|
|
SEC
382
Seven Eight Capital
New York
| – | +$173 | +9 | New |
|
|
HCM
383
Herndon Capital Management
Atlanta,
Georgia
| – | +$328 | +17 | New |
|
PBI Hedge Fund Activity: Q2 2016 in Review
351 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Pitney Bowes (PBI) for Q2 2016, worth a combined $2.76B — down 19% from $3.41B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new PBI positions and 34 closed out — a net gain of 16 holders — while 109 added to existing stakes and 123 trimmed.
The largest buyer was Massachusetts Financial Services, opening a new position worth an estimated $24.4M. The largest seller was Neuberger Berman Group, cutting an estimated $51.4M.
- 351 institutional investors held Pitney Bowes (PBI) as of Q2 2016, up from 341 in Q1 2016.
- Funds reported $2.76B of Pitney Bowes stock for Q2 2016, down 19% quarter-over-quarter.
- 50 funds opened new Pitney Bowes positions in Q2 2016 and 34 closed out, a net change of +16 holders.
- The largest Pitney Bowes buyer in Q2 2016 was Massachusetts Financial Services, an estimated $24.4M added.
- The largest Pitney Bowes seller in Q2 2016 was Neuberger Berman Group, an estimated $51.4M sold.
Based on aggregated 13F filings for Q2 2016.