Pitney Bowes
300 hedge funds and large institutions have $956M invested in Pitney Bowes in 2018 Q3 according to their latest regulatory filings, with 40 funds opening new positions, 100 increasing their positions, 85 reducing their positions, and 50 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 85
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.62% less ownership
Funds ownership: 73.41% → 71.79% (-1.6%)
4% less funds holding
Funds holding: 313 → 300 (-13)
19% less capital invested
Capital invested by funds: $1.18B → $956M (-$224M)
20% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 50
78% less call options, than puts
Call options by funds: $4.6M | Put options by funds: $20.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$13.2M |
| 2 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$11.3M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$7.59M |
| 4 |
Man Group
London,
United Kingdom
|
+$7.52M |
| 5 |
Bank of New York Mellon
New York
|
+$4.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$12.3M |
| 2 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
-$11.8M |
| 3 |
Goldman Sachs
New York
|
-$10.6M |
| 4 |
D.E. Shaw & Co
New York
|
-$9.63M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$7.58M |
PBI Hedge Fund Activity: Q3 2018 in Review
300 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Pitney Bowes (PBI) for Q3 2018, worth a combined $956M — down 19% from $1.18B a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of PBI and 40 opened new positions — a net loss of 10 holders — while 85 trimmed existing stakes and 100 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $13.2M. The largest seller was Arrowstreet Capital, cutting an estimated $12.3M.
- 300 institutional investors held Pitney Bowes (PBI) as of Q3 2018, down from 313 in Q2 2018.
- Funds reported $956M of Pitney Bowes stock for Q3 2018, down 19% quarter-over-quarter.
- 40 funds opened new Pitney Bowes positions in Q3 2018 and 50 closed out, a net change of -10 holders.
- The largest Pitney Bowes buyer in Q3 2018 was Millennium Management, an estimated $13.2M added.
- The largest Pitney Bowes seller in Q3 2018 was Arrowstreet Capital, an estimated $12.3M sold.
Based on aggregated 13F filings for Q3 2018.