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Wells Fargo 7.5% Non Cumv Perp Conv

152 hedge funds and large institutions have $3.44B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2016 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 41 increasing their positions, 36 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

30% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 10

14% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 36

6% more capital invested

Capital invested by funds: $3.25B → $3.44B (+$192M)

1% more funds holding

Funds holding: 150152 (+2)

1.47% less ownership

Funds ownership: 70.64%69.17% (-1.5%)

14% less funds holding in top 10

Funds holding in top 10: 76 (-1)

Holders
152
Holders Change
+2
Holders Change %
+1.33%
% of All Funds
4.06%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.16%
New
13
Increased
41
Reduced
36
Closed
10
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$22.3M
IRM
27
Income Research & Management
Massachusetts
$21.7M -$1.02M -817 -5%
PCM
28
Palisade Capital Management
New Jersey
$21.2M -$1.38M -1,106 -6%
Neuberger Berman Group
29
Neuberger Berman Group
New York
$20.8M +$97K +78 +0.5%
PI
30
Putnam Investments
Massachusetts
$19.5M +$1.41M +1,137 +8%
GPC
31
Guardian Point Capital
Virginia
$19.5M -$2.44M -1,961 -12%
Macquarie Group
32
Macquarie Group
Australia
$19.1M
ClearBridge Investments
33
ClearBridge Investments
New York
$19M -$5.17M -4,155 -22%
Goldman Sachs
34
Goldman Sachs
New York
$18.7M -$995K -800 -5%
Deutsche Bank
35
Deutsche Bank
Germany
$18.1M -$6.29M -5,053 -27%
NEAM
36
New England Asset Management
Connecticut
$17.2M
NIMC
37
NWQ Investment Management Company
California
$16.9M
Bank of Montreal
38
Bank of Montreal
Ontario, Canada
$16.4M
KIA
39
KCM Investment Advisors
California
$16.3M +$700K +563 +5%
Federated Hermes
40
Federated Hermes
Pennsylvania
$16.2M
Bank of America
41
Bank of America
North Carolina
$14.2M +$1.42M +1,141 +12%
AUIM
42
Aegon USA Investment Management
Iowa
$12.8M
Loomis, Sayles & Company
43
Loomis, Sayles & Company
Massachusetts
$11.3M -$1.03M -829 -0.3%
Manulife (Manufacturers Life Insurance)
44
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$10.7M -$622K -500 -6%
BG
45
BlackRock Group
United Kingdom
$10.5M
Millennium Management
46
Millennium Management
New York
$10.3M -$9.39M -7,551 -49%
First Manhattan
47
First Manhattan
New York
$9.59M -$69.7K -56 -0.8%
UBS Group
48
UBS Group
Switzerland
$9.13M +$472K +379 +6%
ZA
49
Zazove Associates
Nevada
$9.08M
AllianceBernstein
50
AllianceBernstein
Tennessee
$9.04M +$1.14M +920 +15%

WFC.PRL Hedge Fund Activity: Q2 2016 in Review

152 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q2 2016, worth a combined $3.44B — up 5.9% from $3.25B a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new WFC.PRL positions and 10 closed out — a net gain of 3 holders — while 41 added to existing stakes and 36 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $21.5M. The largest seller was American Century Companies, cutting an estimated $50.5M.

  • 152 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q2 2016, up from 150 in Q1 2016.
  • Funds reported $3.44B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q2 2016, up 5.9% quarter-over-quarter.
  • 13 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q2 2016 and 10 closed out, a net change of +3 holders.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q2 2016 was T. Rowe Price Associates, an estimated $21.5M added.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q2 2016 was American Century Companies, an estimated $50.5M sold.

Based on aggregated 13F filings for Q2 2016.