Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
116 hedge funds and large institutions have $3.24B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 31 increasing their positions, 29 reducing their positions, and 13 closing their positions.
15% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 13
7% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 29
1% more funds holding
Funds holding: 115 → 116 (+1)
0.12% more ownership
Funds ownership: 78.89% → 79.01% (+0.12%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
54% less capital invested
Capital invested by funds: $7.06B → $3.24B (-$3.82B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$39.5M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$25.1M |
| 3 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$14M |
| 4 |
State Street
Boston,
Massachusetts
|
+$13M |
| 5 |
Franklin Resources
San Mateo,
California
|
+$10.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Calamos Advisors
Naperville,
Illinois
|
-$84.9M |
| 2 |
Morgan Stanley
New York
|
-$8.41M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$7.53M |
| 4 |
FC
Flaherty & Crumrine
Pasadena,
California
|
-$6.49M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$6.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
BNP Paribas Financial Markets
Paris,
France
| – | -$3.41M | -3,000 | Closed |
|
127
Millennium Management
New York
| – | -$2.84M | -2,500 | Closed |
|
|
PCM
128
Penn Capital Management
Philadelphia,
Pennsylvania
| – | -$1.94M | -1,705 | Closed |
|
|
CWM
129
Calamos Wealth Management
Naperville,
Illinois
| – | -$1.71M | -1,503 | Closed |
|
|
LOM
130
Loeb Offshore Management
New York
| – | -$1.55M | -1,365 | Closed |
|
|
RFC
131
Regions Financial Corp
Birmingham,
Alabama
| – | -$863K | -759 | Closed |
|
|
SB
132
Suntrust Banks
Atlanta,
Georgia
| – | -$739K | -650 | Closed |
|
133
AllianceBernstein
Nashville,
Tennessee
| – | -$569K | -500 | Closed |
|
|
BRWA
134
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$489K | -430 | Closed |
|
|
VKH
135
Virtu KCG Holdings
New York
| – | -$458K | -403 | Closed |
|
|
TCCM
136
Timber Creek Capital Management
Boston,
Massachusetts
| – | -$45K | -40 | Closed |
|
|
FNBT
137
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$3K | -3 | Closed |
|
WFC.PRL Hedge Fund Activity: Q4 2013 in Review
116 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q4 2013, worth a combined $3.24B — down 54% from $7.06B a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new WFC.PRL positions and 13 closed out — a net gain of 2 holders — while 31 added to existing stakes and 29 trimmed.
The largest buyer was American Century Companies, adding an estimated $39.5M. The largest seller was Calamos Advisors, cutting an estimated $84.9M.
- 116 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q4 2013, up from 115 in Q3 2013.
- Funds reported $3.24B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q4 2013, down 54% quarter-over-quarter.
- 15 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q4 2013 and 13 closed out, a net change of +2 holders.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q4 2013 was American Century Companies, an estimated $39.5M added.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q4 2013 was Calamos Advisors, an estimated $84.9M sold.
Based on aggregated 13F filings for Q4 2013.