Pitney Bowes
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$58.5M |
| 2 |
D.E. Shaw & Co
New York
|
+$55M |
| 3 |
Alkeon Capital Management
New York
|
+$49.5M |
| 4 |
Morgan Stanley
New York
|
+$46.6M |
| 5 |
AAM
Alken Asset Management
London,
United Kingdom
|
+$32.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$142M |
| 2 |
Bank of New York Mellon
New York
|
-$121M |
| 3 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$55.7M |
| 4 |
Goldman Sachs
New York
|
-$45.3M |
| 5 |
JP
Jana Partners
New York
|
-$25.9M |
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.