Pitney Bowes
306 hedge funds and large institutions have $775M invested in Pitney Bowes in 2018 Q4 according to their latest regulatory filings, with 51 funds opening new positions, 103 increasing their positions, 86 reducing their positions, and 42 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
21% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 42
20% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 86
2% more funds holding
Funds holding: 300 → 306 (+6)
1.04% less ownership
Funds ownership: 71.79% → 70.75% (-1%)
19% less capital invested
Capital invested by funds: $956M → $775M (-$181M)
68% less call options, than puts
Call options by funds: $4.76M | Put options by funds: $15M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$5.49M |
| 2 |
Bank of New York Mellon
New York
|
+$5.4M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
+$5.17M |
| 4 |
RCA
Restructuring Capital Associates
Stamford,
Connecticut
|
+$5.14M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$4.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$11.6M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
-$9.45M |
| 3 |
Man Group
London,
United Kingdom
|
-$7.59M |
| 4 |
D.E. Shaw & Co
New York
|
-$7.17M |
| 5 |
LAM
Lapides Asset Management
Greenwich,
Connecticut
|
-$5.75M |
PBI Hedge Fund Activity: Q4 2018 in Review
306 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Pitney Bowes (PBI) for Q4 2018, worth a combined $775M — down 19% from $956M a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new PBI positions and 42 closed out — a net gain of 9 holders — while 103 added to existing stakes and 86 trimmed.
The largest buyer was AQR Capital Management, adding an estimated $5.49M. The largest seller was Millennium Management, exiting entirely with an estimated $11.6M sold.
- 306 institutional investors held Pitney Bowes (PBI) as of Q4 2018, up from 300 in Q3 2018.
- Funds reported $775M of Pitney Bowes stock for Q4 2018, down 19% quarter-over-quarter.
- 51 funds opened new Pitney Bowes positions in Q4 2018 and 42 closed out, a net change of +9 holders.
- The largest Pitney Bowes buyer in Q4 2018 was AQR Capital Management, an estimated $5.49M added.
- The largest Pitney Bowes seller in Q4 2018 was Millennium Management, an estimated $11.6M sold.
Based on aggregated 13F filings for Q4 2018.