Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
230 hedge funds and large institutions have $3.4B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2023 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 58 increasing their positions, 74 reducing their positions, and 20 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 9 → 12 (+3)
23% more capital invested
Capital invested by funds: $2.76B → $3.4B (+$644M)
21.19% more ownership
Funds ownership: 97.7% → 118.88% (+21%)
3% less funds holding
Funds holding: 237 → 230 (-7)
22% less repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 74
25% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Amundi
Paris,
France
|
+$650M |
| 2 |
ACM
Advent Capital Management
New York
|
+$204M |
| 3 |
Millennium Management
New York
|
+$51.9M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$44.1M |
| 5 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$23.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$21.3M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
-$5.77M |
| 3 |
RCYC
Richard C. Young & Co
Newport,
Rhode Island
|
-$5.12M |
| 4 |
Jane Street
New York
|
-$3.96M |
| 5 |
CCG
Coastwise Capital Group
La Jolla,
California
|
-$3.47M |
WFC.PRL Hedge Fund Activity: Q2 2023 in Review
230 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q2 2023, worth a combined $3.4B — up 23% from $2.76B a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of WFC.PRL and 15 opened new positions — a net loss of 5 holders — while 74 trimmed existing stakes and 58 added.
The largest buyer was Amundi, adding an estimated $650M. The largest seller was Allianz Asset Management, cutting an estimated $21.3M.
- 230 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q2 2023, down from 237 in Q1 2023.
- Funds reported $3.4B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q2 2023, up 23% quarter-over-quarter.
- 15 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q2 2023 and 20 closed out, a net change of -5 holders.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q2 2023 was Amundi, an estimated $650M added.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q2 2023 was Allianz Asset Management, an estimated $21.3M sold.
Based on aggregated 13F filings for Q2 2023.