Pitney Bowes
382 hedge funds and large institutions have $2.31B invested in Pitney Bowes in 2016 Q4 according to their latest regulatory filings, with 79 funds opening new positions, 133 increasing their positions, 103 reducing their positions, and 30 closing their positions.
163% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 30
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
29% more repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 103
13% more funds holding
Funds holding: 337 → 382 (+45)
1.73% less ownership
Funds ownership: 83.48% → 81.74% (-1.7%)
17% less capital invested
Capital invested by funds: $2.78B → $2.31B (-$474M)
65% less call options, than puts
Call options by funds: $4.84M | Put options by funds: $13.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
+$66.4M |
| 2 |
HCM
Highbridge Capital Management
New York
|
+$20.8M |
| 3 |
BHC
Bowen Hanes & Co
Ponte Vedra Beach,
Florida
|
+$17.2M |
| 4 |
D.E. Shaw & Co
New York
|
+$16.8M |
| 5 |
Morgan Stanley
New York
|
+$16.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$190M |
| 2 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$64.3M |
| 3 |
Neuberger Berman Group
New York
|
-$24.7M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$23.8M |
| 5 |
First Eagle Investment Management
New York
|
-$19.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
401
Weiss Asset Management
Boston,
Massachusetts
| – | -$239K | -13,178 | Closed |
|
|
RC
402
Reik & Co
New York
| – | -$235K | -12,934 | Closed |
|
|
IIM
403
Intact Investment Management
Montreal,
Quebec, Canada
| – | -$227K | -12,500 | Closed |
|
404
Franklin Resources
San Mateo,
California
| – | -$182K | -10,000 | Closed |
|
|
BA
405
BKS Advisors
Southfield,
Michigan
| – | -$158K | -8,725 | Closed |
|
406
Simplex Trading
Chicago,
Illinois
| – | -$61.2K | -3,848 | Closed |
|
|
BWP
407
Baldwin Wealth Partners
Marion,
Massachusetts
| – | -$53K | -2,895 | Closed |
|
|
LCM
408
Liberty Capital Management
Birmingham,
Michigan
| – | -$18K | -1,000 | Closed |
|
|
RWA
409
Ropes Wealth Advisors
Boston,
Massachusetts
| – | -$15K | -813 | Closed |
|
|
KT
410
Kanaly Trust
Houston,
Texas
| – | -$3K | -160 | Closed |
|
|
ACH
411
ArrowMark Colorado Holdings
Denver,
Colorado
| – | -$1K | -75 | Closed |
|
PBI Hedge Fund Activity: Q4 2016 in Review
382 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Pitney Bowes (PBI) for Q4 2016, worth a combined $2.31B — down 17% from $2.78B a quarter earlier.
Buyers outnumbered sellers: 79 funds opened new PBI positions and 30 closed out — a net gain of 49 holders — while 133 added to existing stakes and 103 trimmed.
The largest buyer was Bank of New York Mellon, adding an estimated $66.4M. The largest seller was Iridian Asset Management, cutting an estimated $190M.
- 382 institutional investors held Pitney Bowes (PBI) as of Q4 2016, up from 337 in Q3 2016.
- Funds reported $2.31B of Pitney Bowes stock for Q4 2016, down 17% quarter-over-quarter.
- 79 funds opened new Pitney Bowes positions in Q4 2016 and 30 closed out, a net change of +49 holders.
- The largest Pitney Bowes buyer in Q4 2016 was Bank of New York Mellon, an estimated $66.4M added.
- The largest Pitney Bowes seller in Q4 2016 was Iridian Asset Management, an estimated $190M sold.
Based on aggregated 13F filings for Q4 2016.