Pitney Bowes
353 hedge funds and large institutions have $5.3B invested in Pitney Bowes in 2013 Q3 according to their latest regulatory filings, with 53 funds opening new positions, 121 increasing their positions, 131 reducing their positions, and 45 closing their positions.
166% more call options, than puts
Call options by funds: $114M | Put options by funds: $43M
96% more capital invested
Capital invested by funds: $2.71B → $5.3B (+$2.6B)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
18% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 45
1% more funds holding
Funds holding: 348 → 353 (+5)
8% less repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 131
3.42% less ownership
Funds ownership: 91.9% → 88.48% (-3.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$95.2M |
| 2 |
AAM
Alken Asset Management
London,
United Kingdom
|
+$69.9M |
| 3 |
HCM
Hoplite Capital Management
New York
|
+$65.9M |
| 4 |
SC
Samlyn Capital
New York
|
+$47.5M |
| 5 |
First Eagle Investment Management
New York
|
+$43.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$370M |
| 2 |
PI
PGGM Investments
Zeist,
Netherlands
|
-$45.1M |
| 3 |
JCMLC
JAT Capital Management LP (Connecticut)
Greenwich,
Connecticut
|
-$36.9M |
| 4 |
Dodge & Cox
San Francisco,
California
|
-$35.1M |
| 5 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$32.9M |
PBI Hedge Fund Activity: Q3 2013 in Review
353 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Pitney Bowes (PBI) for Q3 2013, worth a combined $5.3B — up 96% from $2.71B a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new PBI positions and 45 closed out — a net gain of 8 holders — while 121 added to existing stakes and 131 trimmed.
The largest buyer was Iridian Asset Management, adding an estimated $95.2M. The largest seller was State Street, cutting an estimated $370M.
- 353 institutional investors held Pitney Bowes (PBI) as of Q3 2013, up from 348 in Q2 2013.
- Funds reported $5.3B of Pitney Bowes stock for Q3 2013, up 96% quarter-over-quarter.
- 53 funds opened new Pitney Bowes positions in Q3 2013 and 45 closed out, a net change of +8 holders.
- The largest Pitney Bowes buyer in Q3 2013 was Iridian Asset Management, an estimated $95.2M added.
- The largest Pitney Bowes seller in Q3 2013 was State Street, an estimated $370M sold.
Based on aggregated 13F filings for Q3 2013.