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Pitney Bowes
PBI

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
306
Holders Change
+6
Holders Change %
+2%
% of All Funds
6.82%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.07%
New
51
Increased
103
Reduced
86
Closed
42
Calls
$4.76M
Puts
$15M
Net Calls
-$10.3M
Net Calls Change
+$5.66M

Top Buyers

1
AQR Capital Management
AQR Capital Management
Connecticut
+$5.49M
2
Bank of New York Mellon
Bank of New York Mellon
New York
+$5.4M
3
Prudential Financial
Prudential Financial
New Jersey
+$5.17M
4
RCA
Restructuring Capital Associates
Connecticut
+$5.14M
5
Bank of America
Bank of America
North Carolina
+$4.78M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$11.6M
2
VOYA Investment Management
VOYA Investment Management
Georgia
-$9.45M
3
Man Group
Man Group
United Kingdom
-$7.59M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$7.17M
5
LAM
Lapides Asset Management
Connecticut
-$5.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$149M +$1.52M +210,308 +0.8%
Vanguard Group
2
Vanguard Group
Pennsylvania
$106M +$3.23M +448,208 +3%
Bank of New York Mellon
3
Bank of New York Mellon
New York
$42.1M +$5.4M +749,752 +12%
State Street
4
State Street
Massachusetts
$35.1M -$2.06M -286,072 -5%
LSV Asset Management
5
LSV Asset Management
Illinois
$33.3M -$45.4K -6,300 -0.1%
D.E. Shaw & Co
6
D.E. Shaw & Co
New York
$23.4M -$7.17M -995,113 -20%
Northern Trust
7
Northern Trust
Illinois
$17.2M +$256K +35,536 +1%
Dimensional Fund Advisors
8
Dimensional Fund Advisors
Texas
$17.1M +$853K +118,348 +4%
AQR Capital Management
9
AQR Capital Management
Connecticut
$16.4M +$5.49M +762,585 +38%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$15M +$4.08M +566,632 +29%
AAM
11
Advisors Asset Management
Colorado
$14.4M +$1.56M +216,386 +10%
Norges Bank
12
Norges Bank
Norway
$13.2M – – –
Prudential Financial
13
Prudential Financial
New Jersey
$12.7M +$5.17M +717,736 +50%
State of New Jersey Common Pension Fund D
14
State of New Jersey Common Pension Fund D
New Jersey
$11.8M – – –
KCM
15
Kornitzer Capital Management
Kansas
$8.68M -$1.81M -251,381 -15%
Charles Schwab
16
Charles Schwab
California
$7.9M +$2.98K +414 +0%
Bank of America
17
Bank of America
North Carolina
$7.86M +$4.78M +663,813 +100%
VOYA Investment Management
18
VOYA Investment Management
Georgia
$7.58M -$9.45M -1,312,212 -51%
RCA
19
Restructuring Capital Associates
Connecticut
$7.09M +$5.14M +713,918 +147%
Two Sigma Advisers
20
Two Sigma Advisers
New York
$7.06M -$382K -52,957 -4%
Canada Pension Plan Investment Board
21
Canada Pension Plan Investment Board
Ontario, Canada
$7.04M -$4.17M -578,466 -33%
Wells Fargo
22
Wells Fargo
California
$6.04M -$2.29M -318,534 -24%
LAM
23
Lapides Asset Management
Connecticut
$6M -$5.75M -798,003 -44%
PPA
24
Parametric Portfolio Associates
Washington
$5.98M +$1.37M +190,124 +23%
Principal Financial Group
25
Principal Financial Group
Iowa
$5.96M +$514K +71,348 +8%
1
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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.