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Pitney Bowes
PBI

321 hedge funds and large institutions have $1.98B invested in Pitney Bowes in 2017 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 109 increasing their positions, 120 reducing their positions, and 48 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

9% less repeat investments, than reductions

Existing positions increased: 109 | Existing positions reduced: 120

2.47% less ownership

Funds ownership: 78.04% → 75.57% (-2.5%)

8% less funds holding

Funds holding: 348 → 321 (-27)

10% less capital invested

Capital invested by funds: $2.2B → $1.98B (-$219M)

26% less call options, than puts

Call options by funds: $6.6M | Put options by funds: $8.97M

48% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 48

Holders
321
Holders Change
-27
Holders Change %
-7.76%
% of All Funds
8%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
25
Increased
109
Reduced
120
Closed
48
Calls
$6.6M
Puts
$8.97M
Net Calls
-$2.37M
Net Calls Change
+$100K

Top Buyers

1
SCM
Sirios Capital Management
Massachusetts
+$44.1M
2
MHI
Miller Howard Investments
New York
+$17.3M
3
APCM
Arbiter Partners Capital Management
New York
+$12.7M
4
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
+$11M
5
LSV Asset Management
LSV Asset Management
Illinois
+$8.37M

Top Sellers

1
Bank of New York Mellon
Bank of New York Mellon
New York
-$39.8M
2
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$24.6M
3
Two Sigma Investments
Two Sigma Investments
New York
-$21.6M
4
Invesco
Invesco
Georgia
-$16.3M
5
Deutsche Bank
Deutsche Bank
Germany
-$14.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Neuberger Berman Group
26
Neuberger Berman Group
New York
$17.6M +$1.32M +96,368 +8%
Two Sigma Advisers
27
Two Sigma Advisers
New York
$16.9M -$6.96M -507,194 -30%
Lord, Abbett & Co
28
Lord, Abbett & Co
New Jersey
$16.9M -$1.84M -134,200 -10%
Morgan Stanley
29
Morgan Stanley
New York
$16.5M +$5.61M +408,922 +53%
Ameriprise
30
Ameriprise
Minnesota
$15.3M +$1.96M +142,469 +15%
FQ
31
First Quadrant
California
$14.7M +$3.89M +283,088 +37%
FCH
32
Freestone Capital Holdings
Washington
$14.6M -$77.9K -5,673 -0.5%
CCMH
33
Cornerstone Capital Management Holdings
New York
$13.4M -$2.49M -181,496 -16%
APCM
34
Arbiter Partners Capital Management
New York
$12.9M +$12.7M +923,426 New
SCI
35
SkyBridge Capital II
New York
$12.4M -$2.58M -187,956 -18%
Robeco Institutional Asset Management
36
Robeco Institutional Asset Management
Netherlands
$12.2M +$6.34M +461,740 +114%
AQR Capital Management
37
AQR Capital Management
Connecticut
$11.9M +$7.25M +528,067 +166%
NBC
38
Neuberger Berman Canada
Ontario, Canada
$11.3M +$3.12M +227,212 +39%
State of New Jersey Common Pension Fund D
39
State of New Jersey Common Pension Fund D
New Jersey
$11.2M +$11M +800,000 New
Principal Financial Group
40
Principal Financial Group
Iowa
$11.1M +$69.9K +5,092 +0.6%
PPA
41
Parametric Portfolio Associates
Washington
$11M -$521K -37,966 -5%
California Public Employees Retirement System
42
California Public Employees Retirement System
California
$10.9M +$792K +57,689 +8%
Charles Schwab
43
Charles Schwab
California
$10.8M -$1.53M -111,785 -13%
Federated Hermes
44
Federated Hermes
Pennsylvania
$9.74M +$34.7K +2,530 +0.4%
TAM
45
Tocqueville Asset Management
New York
$9.66M +$2.35M +171,300 +33%
SBH
46
Segall Bryant & Hamill
Illinois
$8.61M +$1.14M +83,389 +16%
Renaissance Technologies
47
Renaissance Technologies
New York
$8.61M -$6.79M -494,975 -45%
JP Morgan Chase
48
JP Morgan Chase
New York
$8.04M -$448K -32,673 -5%
IIM
49
Ivory Investment Management
New York
$8.03M +$7.87M +573,267 New
TCIM
50
TIAA CREF Investment Management
New York
$7.91M -$522K -38,034 -6%
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PBI Hedge Fund Activity: Q3 2017 in Review

321 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Pitney Bowes (PBI) for Q3 2017, worth a combined $1.98B — down 10% from $2.2B a quarter earlier.

Sellers outnumbered buyers: 48 funds closed out of PBI and 25 opened new positions — a net loss of 23 holders — while 120 trimmed existing stakes and 109 added.

The largest buyer was Sirios Capital Management, opening a new position worth an estimated $44.1M. The largest seller was Bank of New York Mellon, cutting an estimated $39.8M.

  • 321 institutional investors held Pitney Bowes (PBI) as of Q3 2017, down from 348 in Q2 2017.
  • Funds reported $1.98B of Pitney Bowes stock for Q3 2017, down 10% quarter-over-quarter.
  • 25 funds opened new Pitney Bowes positions in Q3 2017 and 48 closed out, a net change of -23 holders.
  • The largest Pitney Bowes buyer in Q3 2017 was Sirios Capital Management, an estimated $44.1M added.
  • The largest Pitney Bowes seller in Q3 2017 was Bank of New York Mellon, an estimated $39.8M sold.

Based on aggregated 13F filings for Q3 2017.