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Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL

256 hedge funds and large institutions have $2.85B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2024 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 72 increasing their positions, 79 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 20

22% more funds holding in top 10

Funds holding in top 10: 9 → 11 (+2)

3.54% more ownership

Funds ownership: 63.51% → 67.05% (+3.5%)

0% more funds holding

Funds holding: 255 → 256 (+1)

9% less repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 79

9% less capital invested

Capital invested by funds: $3.12B → $2.85B (-$274M)

Holders
256
Holders Change
+1
Holders Change %
+0.39%
% of All Funds
3.37%
Holding in Top 10
11
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+22.22%
% of All Funds
0.14%
New
25
Increased
72
Reduced
79
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
ECG
Edge Capital Group
Georgia
+$272M
2
UIA
Ulland Investment Advisors
Minnesota
+$10.1M
3
State Street
State Street
Massachusetts
+$9.32M
4
VOYA Investment Management
VOYA Investment Management
Georgia
+$8.06M
5
BlackRock
BlackRock
New York
+$7.52M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$40.2M
2
SA
Stonebridge Advisors
Connecticut
-$35.4M
3
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$10.5M
4
ACM
Advent Capital Management
New York
-$10.2M
5
First Manhattan
First Manhattan
New York
-$9.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
WPP
76
Whalerock Point Partners
Rhode Island
$3.19M -$215K -175 -6%
SSWG
77
Seven Springs Wealth Group
Tennessee
$3.17M +$129K +105 +4%
AM
78
AGF Management
Ontario, Canada
$2.75M – – –
Calamos Advisors
79
Calamos Advisors
Illinois
$2.58M -$32K -26 -1%
Neuberger Berman Group
80
Neuberger Berman Group
New York
$2.55M +$36.9K +30 +1%
SL
81
Summitry LLC
California
$2.46M -$60.3K -49 -2%
MA
82
Montag & Associates
Georgia
$2.32M +$105K +85 +5%
CRC
83
Curi RMB Capital
Illinois
$2.3M +$258K +210 +12%
CIBC Private Wealth Group
84
CIBC Private Wealth Group
Georgia
$2.3M – – –
CA
85
CSM Advisors
Pennsylvania
$2.09M – – –
MG
86
McHugh Group
Ohio
$1.99M +$2.05M +1,664 New
Macquarie Group
87
Macquarie Group
Australia
$1.85M +$1.92M +1,558 New
WSFS
88
Wilmington Savings Fund Society
Delaware
$1.84M – – –
EHC
89
Everett Harris & Co
California
$1.78M -$11.1K -9 -0.6%
Truist Financial
90
Truist Financial
North Carolina
$1.78M +$2.46K +2 +0.1%
WIM
91
Wittenberg Investment Management
Massachusetts
$1.68M -$1.14M -924 -40%
JP Morgan Chase
92
JP Morgan Chase
New York
$1.66M +$334K +271 +24%
MFG
93
Magnus Financial Group
New York
$1.65M -$138K -112 -8%
National Bank of Canada
94
National Bank of Canada
Quebec, Canada
$1.64M +$150K +122 +10%
SCM
95
Schnieders Capital Management
California
$1.62M -$24.6K -20 -1%
CAM
96
Cresset Asset Management
Illinois
$1.49M +$1.2M +975 +361%
PCMN
97
Paradigm Capital Management (Nevada)
Nevada
$1.48M +$667K +542 +78%
SEI Investments
98
SEI Investments
Pennsylvania
$1.44M +$60.3K +49 +4%
BCM
99
Bowie Capital Management
Texas
$1.43M – – –
SA
100
Sanctuary Advisors
Indiana
$1.4M +$7.38K +6 +0.5%
2 3
4
5 6

WFC.PRL Hedge Fund Activity: Q4 2024 in Review

256 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q4 2024, worth a combined $2.85B — down 8.8% from $3.12B a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new WFC.PRL positions and 20 closed out — a net gain of 5 holders — while 72 added to existing stakes and 79 trimmed.

The largest buyer was Edge Capital Group, opening a new position worth an estimated $272M. The largest seller was Fidelity Investments, cutting an estimated $40.2M.

  • 256 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q4 2024, up from 255 in Q3 2024.
  • Funds reported $2.85B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q4 2024, down 8.8% quarter-over-quarter.
  • 25 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q4 2024 and 20 closed out, a net change of +5 holders.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q4 2024 was Edge Capital Group, an estimated $272M added.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q4 2024 was Fidelity Investments, an estimated $40.2M sold.

Based on aggregated 13F filings for Q4 2024.