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Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL

198 hedge funds and large institutions have $3.6B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2019 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 54 increasing their positions, 48 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more capital invested

Capital invested by funds: $3.15B → $3.6B (+$444M)

13% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 48

1.64% more ownership

Funds ownership: 58.55% → 60.19% (+1.6%)

6% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 18

0% more funds holding in top 10

Funds holding in top 10: 12 → 12 (0)

1% less funds holding

Funds holding: 199 → 198 (-1)

Holders
198
Holders Change
-1
Holders Change %
-0.5%
% of All Funds
4.34%
Holding in Top 10
12
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.26%
New
19
Increased
54
Reduced
48
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$250M
2
MSL
Mackay Shields LLC
New York
+$28.6M
3
AAA
Adams Asset Advisors
Texas
+$13.9M
4
CS
Credit Suisse
Switzerland
+$6.79M
5
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
+$6.77M

Top Sellers

Rank Fund Capital Flow
1
CAM
Camden Asset Management
California
-$77.8M
2
American Century Companies
American Century Companies
Missouri
-$47M
3
Allianz Asset Management
Allianz Asset Management
Germany
-$28M
4
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$13.1M
5
Cohen & Steers
Cohen & Steers
New York
-$11.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
GI
151
GAMCO Investors
Connecticut
$300K – – –
AIC
152
Ameritas Investment Company
Nebraska
$289K +$271K +190 New
HighTower Advisors
153
HighTower Advisors
Illinois
$286K – – –
CFN
154
Cordasco Financial Network
Florida
$282K – – –
MAFM
155
Mid Atlantic Financial Management
Pennsylvania
$266K – – –
ARMT
156
Amica Retiree Medical Trust
Rhode Island
$262K – – –
FAIM
157
Financial Advocates Investment Management
Washington
$259K – – –
Fifth Third Bancorp
158
Fifth Third Bancorp
Ohio
$253K – – –
PSC
159
Prentiss Smith & Co
Vermont
$251K – – –
SPC
160
Sigma Planning Corp
Michigan
$247K – – –
NCM
161
Nelson Capital Management
California
$244K – – –
SPIA
162
Steward Partners Investment Advisory
New York
$229K – – –
BBHC
163
Brown Brothers Harriman & Co
New York
$228K – – –
LA
164
Legacy Advisors
Pennsylvania
$227K – – –
ADBIC
165
A.D. Beadell Investment Counsel
Wisconsin
$226K – – –
IA
166
IFP Advisors
Florida
$224K +$214K +150 New
BOTW
167
Bank of the West
California
$215K +$201K +141 New
NWM
168
Northwest Wealth Management
Iowa
$210K +$197K +138 New
IAS
169
IMA Advisory Services
Colorado
$190K – – –
AF
170
Advisornet Financial
Minnesota
$189K – – –
FNBOSM
171
First National Bank of South Miami
Florida
$173K – – –
HWM
172
Holloway Wealth Management
Florida
$152K – – –
WC
173
Weil Company
California
$152K +$143K +100 New
SFS
174
Sowell Financial Services
Arkansas
$148K +$138K +97 New
BAM
175
Belpointe Asset Management
Nevada
$118K – – –
5 6
7
8 9

WFC.PRL Hedge Fund Activity: Q3 2019 in Review

198 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q3 2019, worth a combined $3.6B — up 14% from $3.15B a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new WFC.PRL positions and 18 closed out — a net gain of 1 holder — while 54 added to existing stakes and 48 trimmed.

The largest buyer was BlackRock, adding an estimated $250M. The largest seller was Camden Asset Management, cutting an estimated $77.8M.

  • 198 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q3 2019, down from 199 in Q2 2019.
  • Funds reported $3.6B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q3 2019, up 14% quarter-over-quarter.
  • 19 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q3 2019 and 18 closed out, a net change of +1 holder.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q3 2019 was BlackRock, an estimated $250M added.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q3 2019 was Camden Asset Management, an estimated $77.8M sold.

Based on aggregated 13F filings for Q3 2019.