Pitney Bowes
PBI
314 hedge funds and large institutions have $935M invested in Pitney Bowes in 2019 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 100 increasing their positions, 93 reducing their positions, and 41 closing their positions.
22% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 41
21% more capital invested
Capital invested by funds: $775M → $935M (+$161M)
2.8% more ownership
Funds ownership: 70.75% → 73.55% (+2.8%)
3% more funds holding
Funds holding: 306 → 314 (+8)
8% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 93
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
37% less call options, than puts
Call options by funds: $5.34M | Put options by funds: $8.44M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MVP
Miller Value Partners
Sarasota,
Florida
|
+$16.5M |
| 2 |
Millennium Management
New York
|
+$13.6M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$11M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$7.56M |
| 5 |
CM
Capital Management
Glen Allen,
Virginia
|
+$6.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$27.2M |
| 2 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$7.61M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
-$6.67M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$6.39M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
-$6.28M |
PBI Hedge Fund Activity: Q1 2019 in Review
314 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Pitney Bowes (PBI) for Q1 2019, worth a combined $935M — up 21% from $775M a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new PBI positions and 41 closed out — a net gain of 9 holders — while 100 added to existing stakes and 93 trimmed.
The largest buyer was Miller Value Partners, opening a new position worth an estimated $16.5M. The largest seller was BlackRock, cutting an estimated $27.2M.
- 314 institutional investors held Pitney Bowes (PBI) as of Q1 2019, up from 306 in Q4 2018.
- Funds reported $935M of Pitney Bowes stock for Q1 2019, up 21% quarter-over-quarter.
- 50 funds opened new Pitney Bowes positions in Q1 2019 and 41 closed out, a net change of +9 holders.
- The largest Pitney Bowes buyer in Q1 2019 was Miller Value Partners, an estimated $16.5M added.
- The largest Pitney Bowes seller in Q1 2019 was BlackRock, an estimated $27.2M sold.
Based on aggregated 13F filings for Q1 2019.