Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
204 hedge funds and large institutions have $3.02B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2020 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 65 increasing their positions, 47 reducing their positions, and 22 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 47
18% more funds holding in top 10
Funds holding in top 10: 11 → 13 (+2)
10.15% more ownership
Funds ownership: 59.39% → 69.54% (+10%)
2% less funds holding
Funds holding: 209 → 204 (-5)
10% less capital invested
Capital invested by funds: $3.36B → $3.02B (-$338M)
14% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$80.6M |
| 2 |
CAM
Camden Asset Management
Los Angeles,
California
|
+$28.3M |
| 3 |
ACM
Advent Capital Management
New York
|
+$26.5M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$11.4M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$10.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$49.5M |
| 2 |
State Street
Boston,
Massachusetts
|
-$20.1M |
| 3 |
Calamos Advisors
Naperville,
Illinois
|
-$19.5M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$13.9M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$11.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
226
Advisornet Financial
Minnetonka,
Minnesota
| – | -$173K | -119 | Closed |
|
|
SAM
227
S.A. Mason
Holland,
Michigan
| – | -$109K | -75 | Closed |
|
|
BA
228
Ballast Advisors
Woodbury,
Minnesota
| – | -$23K | -16 | Closed |
|
|
CA
229
Crewe Advisors
Salt Lake City,
Utah
| – | -$23K | -16 | Closed |
|
|
TAM
230
Townsend Asset Management
Raleigh,
North Carolina
| – | -$15K | -10 | Closed |
|
231
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$12K | -8 | Closed |
|
|
FM
232
Family Management
New York
| – | -$6K | -4 | Closed |
|
WFC.PRL Hedge Fund Activity: Q1 2020 in Review
204 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q1 2020, worth a combined $3.02B — down 10% from $3.36B a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of WFC.PRL and 19 opened new positions — a net loss of 3 holders — while 47 trimmed existing stakes and 65 added.
The largest buyer was Victory Capital Management, adding an estimated $80.6M. The largest seller was BlackRock, cutting an estimated $49.5M.
- 204 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q1 2020, down from 209 in Q4 2019.
- Funds reported $3.02B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q1 2020, down 10% quarter-over-quarter.
- 19 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q1 2020 and 22 closed out, a net change of -3 holders.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q1 2020 was Victory Capital Management, an estimated $80.6M added.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q1 2020 was BlackRock, an estimated $49.5M sold.
Based on aggregated 13F filings for Q1 2020.