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Pitney Bowes
PBI

255 hedge funds and large institutions have $602M invested in Pitney Bowes in 2019 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 60 increasing their positions, 99 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.71% more ownership

Funds ownership: 75.34% → 77.06% (+1.7%)

3% more capital invested

Capital invested by funds: $581M → $602M (+$20.3M)

7% less funds holding

Funds holding: 274 → 255 (-19)

37% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 46

39% less repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 99

47% less call options, than puts

Call options by funds: $4.7M | Put options by funds: $8.8M

Holders
255
Holders Change
-19
Holders Change %
-6.93%
% of All Funds
5.59%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.04%
New
29
Increased
60
Reduced
99
Closed
46
Calls
$4.7M
Puts
$8.8M
Net Calls
-$4.1M
Net Calls Change
-$640K

Top Buyers

1
MVP
Miller Value Partners
Florida
+$4.93M
2
CM
Capital Management
Virginia
+$3.33M
3
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
+$2.87M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$2.66M
5
JP Morgan Chase
JP Morgan Chase
New York
+$2.41M

Top Sellers

1
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
-$7.7M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$6.04M
3
BlackRock
BlackRock
New York
-$5.65M
4
Citadel Advisors
Citadel Advisors
Florida
-$5.04M
5
Deutsche Bank
Deutsche Bank
Germany
-$3.88M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$5.58M -$97.2K -24,254 -2%
Canada Pension Plan Investment Board
27
Canada Pension Plan Investment Board
Ontario, Canada
$5.39M – – –
Two Sigma Advisers
28
Two Sigma Advisers
New York
$4.83M -$817K -203,900 -16%
Ameriprise
29
Ameriprise
Minnesota
$4.36M -$168K -41,902 -4%
SIM
30
Spark Investment Management
New York
$4.09M -$423K -105,566 -11%
JP Morgan Chase
31
JP Morgan Chase
New York
$4.03M +$2.41M +600,729 +214%
Citadel Advisors
32
Citadel Advisors
Florida
$3.94M -$5.04M -1,257,262 -59%
N
33
Nuveen
North Carolina
$3.91M +$29.6K +7,387 +0.9%
LCS
34
Levin Capital Strategies
New York
$3.47M -$203K -50,531 -6%
Caisse de Depot et Placement du Quebec (CDPQ)
35
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$3.28M +$2.87M +717,000 New
Jacobs Levy Equity Management
36
Jacobs Levy Equity Management
New Jersey
$3.03M +$2.66M +662,517 New
Legal & General Group
37
Legal & General Group
United Kingdom
$3M -$33.5K -8,348 -1%
BNP Paribas Financial Markets
38
BNP Paribas Financial Markets
France
$2.84M -$1.6M -398,456 -39%
CCP
39
Clifford Capital Partners
Utah
$2.82M +$18.1K +4,517 +0.7%
New York State Common Retirement Fund
40
New York State Common Retirement Fund
New York
$2.79M +$10.4K +2,600 +0.4%
PCMI
41
Paradigm Capital Management Inc
New York
$2.76M +$158K +39,400 +7%
PA
42
Prism Advisors
California
$2.66M +$614K +153,242 +36%
Wells Fargo
43
Wells Fargo
California
$2.6M -$669K -166,904 -23%
RhumbLine Advisers
44
RhumbLine Advisers
Massachusetts
$2.52M -$19.8K -4,937 -0.9%
HSBC Holdings
45
HSBC Holdings
United Kingdom
$2.52M +$1.54M +384,804 +230%
Susquehanna International Group
46
Susquehanna International Group
Pennsylvania
$2.48M -$427K -106,632 -16%
CS
47
Credit Suisse
Switzerland
$2.39M +$368K +91,817 +21%
Schroder Investment Management Group
48
Schroder Investment Management Group
United Kingdom
$2.38M -$785K -195,974 -27%
GFA
49
Gifford Fong Associates
California
$2.34M – – –
Barclays
50
Barclays
United Kingdom
$2.3M +$956K +238,634 +90%
1
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PBI Hedge Fund Activity: Q3 2019 in Review

255 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Pitney Bowes (PBI) for Q3 2019, worth a combined $602M — up 3.5% from $581M a quarter earlier.

Sellers outnumbered buyers: 46 funds closed out of PBI and 29 opened new positions — a net loss of 17 holders — while 99 trimmed existing stakes and 60 added.

The largest buyer was Miller Value Partners, adding an estimated $4.93M. The largest seller was State of New Jersey Common Pension Fund D, exiting entirely with an estimated $7.7M sold.

  • 255 institutional investors held Pitney Bowes (PBI) as of Q3 2019, down from 274 in Q2 2019.
  • Funds reported $602M of Pitney Bowes stock for Q3 2019, up 3.5% quarter-over-quarter.
  • 29 funds opened new Pitney Bowes positions in Q3 2019 and 46 closed out, a net change of -17 holders.
  • The largest Pitney Bowes buyer in Q3 2019 was Miller Value Partners, an estimated $4.93M added.
  • The largest Pitney Bowes seller in Q3 2019 was State of New Jersey Common Pension Fund D, an estimated $7.7M sold.

Based on aggregated 13F filings for Q3 2019.