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Wells Fargo 7.5% Non Cumv Perp Conv

233 hedge funds and large institutions have $3.28B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2023 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 59 increasing their positions, 65 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 17

1% more funds holding

Funds holding: 230233 (+3)

4% less capital invested

Capital invested by funds: $3.4B → $3.28B (-$119M)

9% less repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 65

2.46% less ownership

Funds ownership: 118.88%116.42% (-2.5%)

8% less funds holding in top 10

Funds holding in top 10: 1211 (-1)

Holders
233
Holders Change
+3
Holders Change %
+1.3%
% of All Funds
3.7%
Holding in Top 10
11
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-8.33%
% of All Funds
0.17%
New
20
Increased
59
Reduced
65
Closed
17
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
26
Fidelity Investments
Massachusetts
$15.7M -$32M -27,717 -66%
P8IP
27
Pier 88 Investment Partners
California
$15.4M +$12.8M +11,040 +401%
OA
28
Oxbow Advisors
Texas
$15.3M +$281K +243 +2%
NEAM
29
New England Asset Management
Connecticut
$15.1M
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$14.9M
GGS
31
Galvin Gaustad & Stein
Arizona
$14.2M -$188K -163 -1%
Citigroup
32
Citigroup
New York
$12.5M +$728K +630 +6%
AllianceBernstein
33
AllianceBernstein
Tennessee
$12.1M -$46.2K -40 -0.4%
JIC
34
JRM Investment Counsel
Nebraska
$11.8M -$1.53M -1,321 -11%
Lord, Abbett & Co
35
Lord, Abbett & Co
New Jersey
$11.7M -$601K -520 -5%
PCM
36
Palisade Capital Management
New Jersey
$9.5M -$17.3K -15 -0.2%
Calamos Advisors
37
Calamos Advisors
Illinois
$9.1M -$35.8K -31 -0.4%
RCM
38
RB Capital Management
Nevada
$9.05M -$102K -88 -1%
AUIM
39
Aegon USA Investment Management
Iowa
$8.96M
KAS
40
Kestra Advisory Services
Texas
$8.62M +$2.84M +2,457 +47%
CI
41
Conning Inc
Connecticut
$8.35M
SWP
42
Stratos Wealth Partners
Ohio
$7.27M +$857K +742 +13%
UBS Group
43
UBS Group
Switzerland
$6.89M +$163K +141 +2%
JP Morgan Chase
44
JP Morgan Chase
New York
$6.73M +$258K +223 +4%
PMAM
45
Penn Mutual Asset Management
Pennsylvania
$6.69M
RJA
46
Raymond James & Associates
Florida
$6.68M -$2.41M -2,084 -26%
WAMC
47
Western Asset Management Company
California
$6.54M
Wellington Management Group
48
Wellington Management Group
Massachusetts
$6.41M +$2.27M +1,962 +52%
CIC
49
Crawford Investment Counsel
Georgia
$6.27M +$24.3K +21 +0.4%
NPF
50
Norris Perne & French
Michigan
$6.25M -$25.4K -22 -0.4%

WFC.PRL Hedge Fund Activity: Q3 2023 in Review

233 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q3 2023, worth a combined $3.28B — down 3.5% from $3.4B a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new WFC.PRL positions and 17 closed out — a net gain of 3 holders — while 59 added to existing stakes and 65 trimmed.

The largest buyer was International Assets Investment Management, opening a new position worth an estimated $59M. The largest seller was Loomis, Sayles & Company, cutting an estimated $117M.

  • 233 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q3 2023, up from 230 in Q2 2023.
  • Funds reported $3.28B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q3 2023, down 3.5% quarter-over-quarter.
  • 20 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q3 2023 and 17 closed out, a net change of +3 holders.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q3 2023 was International Assets Investment Management, an estimated $59M added.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q3 2023 was Loomis, Sayles & Company, an estimated $117M sold.

Based on aggregated 13F filings for Q3 2023.