Prudential Financial
622 hedge funds and large institutions have $23.8B invested in Prudential Financial in 2013 Q3 according to their latest regulatory filings, with 70 funds opening new positions, 208 increasing their positions, 247 reducing their positions, and 33 closing their positions.
112% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 33
8% more capital invested
Capital invested by funds: $22.1B → $23.8B (+$1.71B)
5% more funds holding
Funds holding: 591 → 622 (+31)
2% more call options, than puts
Call options by funds: $212M | Put options by funds: $207M
0.74% more ownership
Funds ownership: 65.51% → 66.24% (+0.74%)
16% less repeat investments, than reductions
Existing positions increased: 208 | Existing positions reduced: 247
26% less funds holding in top 10
Funds holding in top 10: 23 → 17 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$163M |
| 2 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$157M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$145M |
| 4 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$144M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
+$92.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$152M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$86.7M |
| 3 |
Goldman Sachs
New York
|
-$80.7M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$67M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$51.1M |
PRU Hedge Fund Activity: Q3 2013 in Review
622 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Prudential Financial (PRU) for Q3 2013, worth a combined $23.8B — up 7.8% from $22.1B a quarter earlier.
Buyers outnumbered sellers: 70 funds opened new PRU positions and 33 closed out — a net gain of 37 holders — while 208 added to existing stakes and 247 trimmed.
The largest buyer was Lord, Abbett & Co, adding an estimated $163M. The largest seller was Discovery Capital Management, cutting an estimated $152M.
- 622 institutional investors held Prudential Financial (PRU) as of Q3 2013, up from 591 in Q2 2013.
- Funds reported $23.8B of Prudential Financial stock for Q3 2013, up 7.8% quarter-over-quarter.
- 70 funds opened new Prudential Financial positions in Q3 2013 and 33 closed out, a net change of +37 holders.
- The largest Prudential Financial buyer in Q3 2013 was Lord, Abbett & Co, an estimated $163M added.
- The largest Prudential Financial seller in Q3 2013 was Discovery Capital Management, an estimated $152M sold.
Based on aggregated 13F filings for Q3 2013.