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PCO

Pendrell Corporation - Class A

PCO

Delisted

PCO was delisted on the 15th of December, 2017.

67 hedge funds and large institutions have $214M invested in Pendrell Corporation - Class A in 2013 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 23 reducing their positions, and 10 closing their positions.

New

Increased

Maintained

Reduced

Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

23% more capital invested

Capital invested by funds: $174M → $214M (+$40M)

7% less funds holding

Funds holding: 72 → 67 (-5)

22% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 23

50% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 10

Holders

Holders Change

-5

Holders Change %

-6.94%

% of All Funds

1.94%

Holding in Top 10

Holding in Top 10 Change

Holding in Top 10 Change %

+50%

% of All Funds

0.09%

New

Increased

Reduced

Closed

Calls

–

Puts

–

Net Calls

–

Net Calls Change

–

Top Buyers

Rank	Fund	Capital Flow
1	AI Ariel Investments Chicago, Illinois	+$6.6M
2	New York State Common Retirement Fund Albany, New York	+$2.75M
3	FCM Farallon Capital Management San Francisco, California	+$1.99M
4	Vanguard Group Malvern, Pennsylvania	+$640K
5	State Street Boston, Massachusetts	+$303K

Top Sellers

Rank	Fund	Capital Flow
1	Bank of New York Mellon New York	-$717K
2	BFA BlackRock Fund Advisors San Francisco, California	-$391K
3	Neuberger Berman Group New York	-$369K
4	Deutsche Bank Frankfurt Am Main Ge, Germany	-$348K
5	BIT BlackRock Institutional Trust San Francisco, California	-$346K

#	Name	Holding	Trade Value	Shares Change	Change in Stake
26	26 AQR Capital Management Greenwich, Connecticut	$341K	+$113K	+55	+48%
27	SGA 27 Siguler Guff Advisers New York	$305K	–	–	–
28	28 T. Rowe Price Associates Baltimore, Maryland	$305K	–	–	–
29	CS 29 Credit Suisse Zurich, Switzerland	$305K	+$255K	+124	+443%
30	NFA 30 Nationwide Fund Advisors Columbus, Ohio	$283K	-$6.18K	-3	-2%
31	MLICM 31 Metropolitan Life Insurance Company (MetLife) New York	$267K	–	–	–
32	CCM 32 Coldstream Capital Management Bellevue, Washington	$255K	+$2.06K	+1	+0.8%
33	OSAM 33 O'Shaughnessy Asset Management Stamford, Connecticut	$227K	-$18.5K	-9	-7%
34	34 VOYA Investment Management Atlanta, Georgia	$225K	–	–	–
35	AIG 35 American International Group New York	$216K	-$4.12K	-2	-2%
36	BA 36 BlackRock Advisors Wilmington, Delaware	$200K	+$8.24K	+4	+4%
37	RC 37 RegentAtlantic Capital Morristown, New Jersey	$123K	–	–	–
38	38 Citigroup New York	$118K	+$70K	+34	+136%
39	GC 39 Guggenheim Capital Chicago, Illinois	$83K	+$35K	+17	+71%
40	40 Susquehanna International Group Bala Cynwyd, Pennsylvania	$81K	+$82.4K	+40	New
41	41 Deutsche Bank Frankfurt Am Main Ge, Germany	$77K	-$348K	-169	-81%
42	42 Fidelity Investments Boston, Massachusetts	$75K	–	–	–
43	43 State Board of Administration of Florida Retirement System Tallahassee, Florida	$74K	–	–	–
44	44 Two Sigma Advisers New York	$67K	+$4.12K	+2	+6%
45	TA 45 Teton Advisors Rye, New York	$60K	–	–	–
46	46 SG Americas Securities New York	$49K	-$10.3K	-5	-17%
47	PPA 47 Parametric Portfolio Associates Seattle, Washington	$45K	+$10.3K	+5	+28%
48	NPC 48 National Planning Corporation El Segundo, California	$41K	–	–	–
49	49 JP Morgan Chase New York	$33K	-$152K	-74	-82%
50	CAM 50 Capstone Asset Management Houston, Texas	$33K	-$4.12K	-2	-11%

PCO Hedge Fund Activity: Q4 2013 in Review

67 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Pendrell Corporation - Class A (PCO) for Q4 2013, worth a combined $214M — up 23% from $174M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of PCO and 5 opened new positions — a net loss of 5 holders — while 23 trimmed existing stakes and 18 added.

The largest buyer was Ariel Investments, adding an estimated $6.6M. The largest seller was Bank of New York Mellon, cutting an estimated $717K.

67 institutional investors held Pendrell Corporation - Class A (PCO) as of Q4 2013, down from 72 in Q3 2013.
Funds reported $214M of Pendrell Corporation - Class A stock for Q4 2013, up 23% quarter-over-quarter.
5 funds opened new Pendrell Corporation - Class A positions in Q4 2013 and 10 closed out, a net change of -5 holders.
The largest Pendrell Corporation - Class A buyer in Q4 2013 was Ariel Investments, an estimated $6.6M added.
The largest Pendrell Corporation - Class A seller in Q4 2013 was Bank of New York Mellon, an estimated $717K sold.

Based on aggregated 13F filings for Q4 2013.

Pendrell Corporation - Class A PCO