Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
115 hedge funds and large institutions have $7.06B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2013 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 31 increasing their positions, 37 reducing their positions, and 11 closing their positions.
103% more capital invested
Capital invested by funds: $3.48B → $7.06B (+$3.58B)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0.87% less ownership
Funds ownership: 79.76% → 78.89% (-0.87%)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
2% less funds holding
Funds holding: 117 → 115 (-2)
16% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$56.1M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$24.7M |
| 3 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
+$17.7M |
| 4 |
State Street
Boston,
Massachusetts
|
+$15.1M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$12.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Advent Capital Management
New York
|
-$67.5M |
| 2 |
KeyBank National Association
Cleveland,
Ohio
|
-$40.2M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$33.2M |
| 4 |
Calamos Advisors
Naperville,
Illinois
|
-$26.3M |
| 5 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$20.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCMF
126
Sage Capital Management (Florida)
Sarasota,
Florida
| – | -$1.79M | -1,500 | Closed |
|
|
UFG
127
United Fire Group
Cedar Rapids,
Iowa
| – | -$1.67M | -1,400 | Closed |
|
|
IGIM
128
I.G. Investment Management
Winnipeg,
Manitoba, Canada
| – | -$1.32M | -1,105 | Closed |
|
|
UCFA
129
United Capital Financial Advisors
Irving,
Texas
| – | -$1.13M | -950 | Closed |
|
130
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$333K | -279 | Closed |
|
131
Citadel Advisors
Miami,
Florida
| – | -$121K | -101 | Closed |
|
|
AAC
132
Asset Advisors Corp
Augusta,
Georgia
| – | -$12K | -10 | Closed |
|
133
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$12K | -10 | Closed |
|
WFC.PRL Hedge Fund Activity: Q3 2013 in Review
115 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q3 2013, worth a combined $7.06B — up 103% from $3.48B a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of WFC.PRL and 10 opened new positions — a net loss of 1 holder — while 37 trimmed existing stakes and 31 added.
The largest buyer was American Century Companies, adding an estimated $56.1M. The largest seller was Advent Capital Management, exiting entirely with an estimated $67.5M sold.
- 115 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q3 2013, down from 117 in Q2 2013.
- Funds reported $7.06B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q3 2013, up 103% quarter-over-quarter.
- 10 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q3 2013 and 11 closed out, a net change of -1 holder.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q3 2013 was American Century Companies, an estimated $56.1M added.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q3 2013 was Advent Capital Management, an estimated $67.5M sold.
Based on aggregated 13F filings for Q3 2013.