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Pitney Bowes
PBI

369 hedge funds and large institutions have $3.9B invested in Pitney Bowes in 2013 Q4 according to their latest regulatory filings, with 69 funds opening new positions, 109 increasing their positions, 142 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

218% more call options, than puts

Call options by funds: $122M | Put options by funds: $38.5M

38% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 50

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

5% more funds holding

Funds holding: 353 → 369 (+16)

5.6% less ownership

Funds ownership: 88.48% → 82.88% (-5.6%)

23% less repeat investments, than reductions

Existing positions increased: 109 | Existing positions reduced: 142

27% less capital invested

Capital invested by funds: $5.3B → $3.9B (-$1.41B)

Holders
369
Holders Change
+16
Holders Change %
+4.53%
% of All Funds
10.71%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.15%
New
69
Increased
109
Reduced
142
Closed
50
Calls
$122M
Puts
$38.5M
Net Calls
+$83.8M
Net Calls Change
+$12.4M

Top Buyers

1
Invesco
Invesco
Georgia
+$58.5M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$55M
3
Alkeon Capital Management
Alkeon Capital Management
New York
+$49.5M
4
Morgan Stanley
Morgan Stanley
New York
+$46.6M
5
AAM
Alken Asset Management
United Kingdom
+$32.7M

Top Sellers

1
BFA
BlackRock Fund Advisors
California
-$142M
2
Bank of New York Mellon
Bank of New York Mellon
New York
-$121M
3
IAM
Iridian Asset Management
Connecticut
-$55.7M
4
Goldman Sachs
Goldman Sachs
New York
-$45.3M
5
JP
Jana Partners
New York
-$25.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
Norges Bank
26
Norges Bank
Norway
$41.2M -$1.01M -46,904 -3%
BA
27
BlackRock Advisors
Delaware
$40.1M +$9.73M +452,376 +36%
ARC
28
Absolute Return Capital
Massachusetts
$37.3M -$25.5M -1,187,563 -43%
Geode Capital Management
29
Geode Capital Management
Massachusetts
$36.3M +$3.13M +145,334 +10%
WCM
30
Wedge Capital Management
North Carolina
$34M -$12.9M -601,475 -29%
LSV Asset Management
31
LSV Asset Management
Illinois
$33.5M +$4.6M +213,828 +17%
TAM
32
Tocqueville Asset Management
New York
$33M +$9.32M +433,277 +44%
Wells Fargo
33
Wells Fargo
California
$31.9M -$6.69M -310,897 -18%
GC
34
Guggenheim Capital
Illinois
$31.9M -$5.64M -262,009 -16%
Two Sigma Investments
35
Two Sigma Investments
New York
$30.3M +$21M +976,553 +301%
California Public Employees Retirement System
36
California Public Employees Retirement System
California
$30M +$3.1M +144,107 +13%
BG
37
BlackRock Group
United Kingdom
$29.3M +$3.32M +154,564 +14%
WCM
38
Winton Capital Management
United Kingdom
$27.7M -$10.1M -468,515 -28%
Deutsche Bank
39
Deutsche Bank
Germany
$27.6M +$1.73M +80,656 +7%
KG
40
Killen Group
Pennsylvania
$26.7M -$3.58M -166,315 -13%
CS
41
Credit Suisse
Switzerland
$22.4M +$9.33M +433,944 +82%
New York State Common Retirement Fund
42
New York State Common Retirement Fund
New York
$22.4M – – –
TA
43
Teachers Advisors
New York
$21.5M +$1.12M +52,065 +6%
American Century Companies
44
American Century Companies
Missouri
$20.8M +$12.3K +573 +0.1%
CCMH
45
Cornerstone Capital Management Holdings
New York
$20.4M -$871K -40,479 -4%
PPA
46
Parametric Portfolio Associates
Washington
$20.3M -$168K -7,807 -0.9%
GAM
47
Gotham Asset Management
New York
$18.8M +$1.24M +57,803 +8%
Millennium Management
48
Millennium Management
New York
$18.2M +$11.4M +531,708 +212%
PI
49
Putnam Investments
Massachusetts
$17.8M -$7.85M -365,136 -32%
Charles Schwab
50
Charles Schwab
California
$17.6M +$2.42M +112,733 +18%
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PBI Hedge Fund Activity: Q4 2013 in Review

369 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Pitney Bowes (PBI) for Q4 2013, worth a combined $3.9B — down 27% from $5.3B a quarter earlier.

Buyers outnumbered sellers: 69 funds opened new PBI positions and 50 closed out — a net gain of 19 holders — while 109 added to existing stakes and 142 trimmed.

The largest buyer was Invesco, adding an estimated $58.5M. The largest seller was BlackRock Fund Advisors, cutting an estimated $142M.

  • 369 institutional investors held Pitney Bowes (PBI) as of Q4 2013, up from 353 in Q3 2013.
  • Funds reported $3.9B of Pitney Bowes stock for Q4 2013, down 27% quarter-over-quarter.
  • 69 funds opened new Pitney Bowes positions in Q4 2013 and 50 closed out, a net change of +19 holders.
  • The largest Pitney Bowes buyer in Q4 2013 was Invesco, an estimated $58.5M added.
  • The largest Pitney Bowes seller in Q4 2013 was BlackRock Fund Advisors, an estimated $142M sold.

Based on aggregated 13F filings for Q4 2013.