Pendrell Corporation - Class A
PCO
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.
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
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 |
|
|---|---|---|---|---|---|
|
WAM
76
World Asset Management
Detroit,
Michigan
| – | -$22K | -11 | Closed |
|
77
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$6.18K | -3 | Closed |
|
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.