Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
130 hedge funds and large institutions have $3.6B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2015 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 31 increasing their positions, 32 reducing their positions, and 3 closing their positions.
600% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 3
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
14% more funds holding
Funds holding: 114 → 130 (+16)
2.13% more ownership
Funds ownership: 75.99% → 78.12% (+2.1%)
3% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 32
49% less capital invested
Capital invested by funds: $7.08B → $3.6B (-$3.48B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Advent Capital Management
New York
|
+$129M |
| 2 |
Calamos Advisors
Naperville,
Illinois
|
+$27.3M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$23.8M |
| 4 |
Goldman Sachs
New York
|
+$16.5M |
| 5 |
CAM
Camden Asset Management
Los Angeles,
California
|
+$15.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$94.3M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$24.1M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$14.3M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$12.7M |
| 5 |
State Street
Boston,
Massachusetts
|
-$12.5M |
WFC.PRL Hedge Fund Activity: Q1 2015 in Review
130 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q1 2015, worth a combined $3.6B — down 49% from $7.08B a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new WFC.PRL positions and 3 closed out — a net gain of 18 holders — while 31 added to existing stakes and 32 trimmed.
The largest buyer was Advent Capital Management, opening a new position worth an estimated $129M. The largest seller was Franklin Resources, cutting an estimated $94.3M.
- 130 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q1 2015, up from 114 in Q4 2014.
- Funds reported $3.6B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q1 2015, down 49% quarter-over-quarter.
- 21 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q1 2015 and 3 closed out, a net change of +18 holders.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q1 2015 was Advent Capital Management, an estimated $129M added.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q1 2015 was Franklin Resources, an estimated $94.3M sold.
Based on aggregated 13F filings for Q1 2015.