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Pitney Bowes
PBI

255 hedge funds and large institutions have $602M invested in Pitney Bowes in 2019 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 60 increasing their positions, 99 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.71% more ownership

Funds ownership: 75.34% → 77.06% (+1.7%)

3% more capital invested

Capital invested by funds: $581M → $602M (+$20.3M)

7% less funds holding

Funds holding: 274 → 255 (-19)

37% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 46

39% less repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 99

47% less call options, than puts

Call options by funds: $4.7M | Put options by funds: $8.8M

Holders
255
Holders Change
-19
Holders Change %
-6.93%
% of All Funds
5.59%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.04%
New
29
Increased
60
Reduced
99
Closed
46
Calls
$4.7M
Puts
$8.8M
Net Calls
-$4.1M
Net Calls Change
-$640K

Top Buyers

1
MVP
Miller Value Partners
Florida
+$4.93M
2
CM
Capital Management
Virginia
+$3.33M
3
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
+$2.87M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$2.66M
5
JP Morgan Chase
JP Morgan Chase
New York
+$2.41M

Top Sellers

1
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
-$7.7M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$6.04M
3
BlackRock
BlackRock
New York
-$5.65M
4
Citadel Advisors
Citadel Advisors
Florida
-$5.04M
5
Deutsche Bank
Deutsche Bank
Germany
-$3.88M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$115M -$5.65M -1,409,778 -5%
Vanguard Group
2
Vanguard Group
Pennsylvania
$63.4M -$6.04M -1,505,979 -10%
Bank of New York Mellon
3
Bank of New York Mellon
New York
$26.4M -$600K -149,709 -3%
LSV Asset Management
4
LSV Asset Management
Illinois
$25.8M -$28.1K -7,000 -0.1%
State Street
5
State Street
Massachusetts
$24.8M -$532K -132,685 -2%
MVP
6
Miller Value Partners
Florida
$19M +$4.93M +1,229,900 +42%
Goldman Sachs
7
Goldman Sachs
New York
$16.4M -$777K -193,798 -5%
Dimensional Fund Advisors
8
Dimensional Fund Advisors
Texas
$14.9M +$73.6K +18,368 +0.6%
Arrowstreet Capital
9
Arrowstreet Capital
Massachusetts
$13.4M +$206K +51,456 +2%
Northern Trust
10
Northern Trust
Illinois
$11.2M -$415K -103,675 -4%
Norges Bank
11
Norges Bank
Norway
$10.8M – – –
CM
12
Capital Management
Virginia
$10.2M +$3.33M +830,085 +59%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$10.2M -$103K -25,782 -1%
Invesco
14
Invesco
Georgia
$7.75M +$2.05M +512,139 +43%
D.E. Shaw & Co
15
D.E. Shaw & Co
New York
$7.73M -$1.73M -430,710 -20%
PPA
16
Parametric Portfolio Associates
Washington
$7.36M +$859K +214,294 +15%
Connor, Clark & Lunn Investment Management (CC&L)
17
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$7.32M +$925K +230,909 +17%
Charles Schwab
18
Charles Schwab
California
$7.07M +$318K +79,379 +5%
Principal Financial Group
19
Principal Financial Group
Iowa
$7.06M -$327K -81,658 -5%
Renaissance Technologies
20
Renaissance Technologies
New York
$6.75M +$1.7M +424,982 +40%
KCM
21
Kornitzer Capital Management
Kansas
$6.52M +$438K +109,200 +8%
LAM
22
Lapides Asset Management
Connecticut
$6.47M -$34.9K -8,700 -0.6%
RA
23
Royce & Associates
New York
$6.33M +$1.01M +253,228 +22%
AAM
24
Advisors Asset Management
Colorado
$6.04M -$2.24M -558,868 -30%
Public Sector Pension Investment Board (PSP Investments)
25
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$5.69M +$1.98M +494,100 +66%
1
2 3 4 5

PBI Hedge Fund Activity: Q3 2019 in Review

255 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Pitney Bowes (PBI) for Q3 2019, worth a combined $602M — up 3.5% from $581M a quarter earlier.

Sellers outnumbered buyers: 46 funds closed out of PBI and 29 opened new positions — a net loss of 17 holders — while 99 trimmed existing stakes and 60 added.

The largest buyer was Miller Value Partners, adding an estimated $4.93M. The largest seller was State of New Jersey Common Pension Fund D, exiting entirely with an estimated $7.7M sold.

  • 255 institutional investors held Pitney Bowes (PBI) as of Q3 2019, down from 274 in Q2 2019.
  • Funds reported $602M of Pitney Bowes stock for Q3 2019, up 3.5% quarter-over-quarter.
  • 29 funds opened new Pitney Bowes positions in Q3 2019 and 46 closed out, a net change of -17 holders.
  • The largest Pitney Bowes buyer in Q3 2019 was Miller Value Partners, an estimated $4.93M added.
  • The largest Pitney Bowes seller in Q3 2019 was State of New Jersey Common Pension Fund D, an estimated $7.7M sold.

Based on aggregated 13F filings for Q3 2019.