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Wells Fargo 7.5% Non Cumv Perp Conv

194 hedge funds and large institutions have $2.99B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2018 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 49 increasing their positions, 55 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 25

2% more funds holding

Funds holding: 191194 (+3)

3.99% less ownership

Funds ownership: 65.2%61.21% (-4%)

6% less capital invested

Capital invested by funds: $3.18B → $2.99B (-$190M)

11% less repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 55

25% less funds holding in top 10

Funds holding in top 10: 129 (-3)

Holders
194
Holders Change
+3
Holders Change %
+1.57%
% of All Funds
4.32%
Holding in Top 10
9
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-25%
% of All Funds
0.2%
New
29
Increased
49
Reduced
55
Closed
25
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
NEAM
26
New England Asset Management
Connecticut
$16.8M
NIMC
27
NWQ Investment Management Company
California
$13.7M
Citigroup
28
Citigroup
New York
$13.2M +$4.47M +3,531 +51%
Neuberger Berman Group
29
Neuberger Berman Group
New York
$12.8M -$480K -379 -4%
AUIM
30
Aegon USA Investment Management
Iowa
$12.5M -$1.01M -800 -7%
AllianceBernstein
31
AllianceBernstein
Tennessee
$12.5M +$456K +360 +4%
P8IP
32
Pier 88 Investment Partners
California
$11.1M +$2.1M +1,656 +23%
New York State Common Retirement Fund
33
New York State Common Retirement Fund
New York
$10.3M +$10.4M +8,199 New
JIC
34
JRM Investment Counsel
Nebraska
$9.87M +$190K +150 +2%
UBS Group
35
UBS Group
Switzerland
$8.91M -$1.62M -1,281 -15%
WAM
36
Weiss Asset Management
Massachusetts
$8.41M +$8.45M +6,667 New
PI
37
Putnam Investments
Massachusetts
$7.96M
PMAM
38
Penn Mutual Asset Management
Pennsylvania
$7.57M
RJA
39
Raymond James & Associates
Florida
$7.51M -$585K -462 -7%
OCM
40
Oaktree Capital Management
California
$7.34M -$600K -474 -8%
Stifel Financial
41
Stifel Financial
Missouri
$7.1M +$421K +332 +6%
Deutsche Bank
42
Deutsche Bank
Germany
$6.99M +$7.01M +5,536 New
First Manhattan
43
First Manhattan
New York
$6.97M +$671K +530 +11%
RCYC
44
Richard C. Young & Co
Rhode Island
$6.91M -$130K -103 -2%
Mirae Asset Global Investments
45
Mirae Asset Global Investments
South Korea
$6.75M +$2.39M +1,883 +54%
EVM
46
Eaton Vance Management
Massachusetts
$5.21M
CIC
47
Chilton Investment Company
Connecticut
$4.87M -$79.8K -63 -2%
ZA
48
Zazove Associates
Nevada
$4.79M +$4.82M +3,801 New
DDPIC
49
Deroy & Devereaux Private Investment Counsel
Michigan
$4.74M +$101K +80 +2%
EIA
50
Edgemoor Investment Advisors
Maryland
$4.6M -$6.33K -5 -0.1%

WFC.PRL Hedge Fund Activity: Q4 2018 in Review

194 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q4 2018, worth a combined $2.99B — down 6% from $3.18B a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new WFC.PRL positions and 25 closed out — a net gain of 4 holders — while 49 added to existing stakes and 55 trimmed.

The largest buyer was Camden Asset Management, adding an estimated $134M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $98.6M.

  • 194 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q4 2018, up from 191 in Q3 2018.
  • Funds reported $2.99B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q4 2018, down 6% quarter-over-quarter.
  • 29 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q4 2018 and 25 closed out, a net change of +4 holders.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q4 2018 was Camden Asset Management, an estimated $134M added.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q4 2018 was Manulife (Manufacturers Life Insurance), an estimated $98.6M sold.

Based on aggregated 13F filings for Q4 2018.