Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
242 hedge funds and large institutions have $2.97B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2023 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 54 increasing their positions, 87 reducing their positions, and 16 closing their positions.
63% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 16
4% more funds holding
Funds holding: 233 → 242 (+9)
0% more funds holding in top 10
Funds holding in top 10: 11 → 11 (0)
9% less capital invested
Capital invested by funds: $3.28B → $2.97B (-$310M)
38% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 87
39.5% less ownership
Funds ownership: 116.42% → 76.92% (-40%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
+$118M |
| 2 |
Millennium Management
New York
|
+$111M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$44.2M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$35.3M |
| 5 |
Morgan Stanley
New York
|
+$34.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Amundi
Paris,
France
|
-$730M |
| 2 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$284M |
| 3 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
-$41.8M |
| 4 |
State Street
Boston,
Massachusetts
|
-$23.8M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$8.92M |
WFC.PRL Hedge Fund Activity: Q4 2023 in Review
242 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q4 2023, worth a combined $2.97B — down 9.5% from $3.28B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new WFC.PRL positions and 16 closed out — a net gain of 10 holders — while 54 added to existing stakes and 87 trimmed.
The largest buyer was VOYA Investment Management, adding an estimated $118M. The largest seller was Amundi, cutting an estimated $730M.
- 242 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q4 2023, up from 233 in Q3 2023.
- Funds reported $2.97B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q4 2023, down 9.5% quarter-over-quarter.
- 26 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q4 2023 and 16 closed out, a net change of +10 holders.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q4 2023 was VOYA Investment Management, an estimated $118M added.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q4 2023 was Amundi, an estimated $730M sold.
Based on aggregated 13F filings for Q4 2023.