Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
191 hedge funds and large institutions have $3.18B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2018 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 67 increasing their positions, 43 reducing their positions, and 20 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 43
10% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 20
10% more capital invested
Capital invested by funds: $2.91B → $3.18B (+$276M)
9% more funds holding in top 10
Funds holding in top 10: 11 → 12 (+1)
0.4% less ownership
Funds ownership: 65.6% → 65.2% (-0.4%)
1% less funds holding
Funds holding: 192 → 191 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
+$95.5M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$90M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$51.2M |
| 4 |
CAM
Camden Asset Management
Los Angeles,
California
|
+$37.9M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$17.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$199M |
| 2 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$170M |
| 3 |
AU
Algebris (UK)
London,
United Kingdom
|
-$21.4M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$5.38M |
| 5 |
DZ Bank
Frankfurt Am Main,
Germany
|
-$5.16M |
WFC.PRL Hedge Fund Activity: Q3 2018 in Review
191 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q3 2018, worth a combined $3.18B — up 9.5% from $2.91B a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new WFC.PRL positions and 20 closed out — a net gain of 2 holders — while 67 added to existing stakes and 43 trimmed.
The largest buyer was Allianz Asset Management, adding an estimated $95.5M. The largest seller was Franklin Resources, exiting entirely with an estimated $199M sold.
- 191 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q3 2018, down from 192 in Q2 2018.
- Funds reported $3.18B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q3 2018, up 9.5% quarter-over-quarter.
- 22 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q3 2018 and 20 closed out, a net change of +2 holders.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q3 2018 was Allianz Asset Management, an estimated $95.5M added.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q3 2018 was Franklin Resources, an estimated $199M sold.
Based on aggregated 13F filings for Q3 2018.