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Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL

255 hedge funds and large institutions have $3.12B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2024 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 81 increasing their positions, 58 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 17

40% more repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 58

2% more funds holding

Funds holding: 250 → 255 (+5)

3% more capital invested

Capital invested by funds: $3.03B → $3.12B (+$88.1M)

2.69% less ownership

Funds ownership: 66.2% → 63.51% (-2.7%)

25% less funds holding in top 10

Funds holding in top 10: 12 → 9 (-3)

Holders
255
Holders Change
+5
Holders Change %
+2%
% of All Funds
3.66%
Holding in Top 10
9
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-25%
% of All Funds
0.13%
New
24
Increased
81
Reduced
58
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$34.3M
2
N
Nuveen
North Carolina
+$9.22M
3
ACM
Advent Capital Management
New York
+$7.88M
4
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$4.36M
5
Mirae Asset Global ETFs Holdings
Mirae Asset Global ETFs Holdings
Hong Kong
+$4.35M

Top Sellers

Rank Fund Capital Flow
1
State Street
State Street
Massachusetts
-$121M
2
Victory Capital Management
Victory Capital Management
Texas
-$22.5M
3
First Manhattan
First Manhattan
New York
-$13.1M
4
UIA
Ulland Investment Advisors
Minnesota
-$10.7M
5
Allianz Asset Management
Allianz Asset Management
Germany
-$5.76M
Name Holding Trade Value Shares
Change 		Change in
Stake
BSG
151
Black Swift Group
Colorado
$474K +$85.7K +70 +23%
WOSD
152
WFA of San Diego
California
$471K – – –
William Blair & Company
153
William Blair & Company
Illinois
$447K -$3.67K -3 -0.9%
TSS
154
Two Sigma Securities
New York
$442K +$422K +345 New
MW
155
Marcum Wealth
Ohio
$421K +$2.45K +2 +0.6%
PTC
156
Private Trust Company
Ohio
$418K +$130K +106 +48%
IAA
157
Independent Advisor Alliance
North Carolina
$411K – – –
Brown Advisory
158
Brown Advisory
Maryland
$403K -$1.22K -1 -0.3%
SMC
159
Smith, Moore & Co
Missouri
$397K +$18.4K +15 +5%
QIM
160
Quest Investment Management
Oregon
$396K – – –
AMIM
161
Aull & Monroe Investment Management
Alabama
$389K – – –
WW
162
Westshore Wealth
California
$386K +$12.2K +10 +3%
P
163
&Partners
Tennessee
$372K +$353K +288 New
EM
164
ELCO Management
New York
$369K +$30.6K +25 +10%
LFAS
165
Level Four Advisory Services
Texas
$361K +$15.9K +13 +5%
SWA
166
Stratos Wealth Advisors
Ohio
$355K +$2.45K +2 +0.7%
Wealth Enhancement Advisory Services
167
Wealth Enhancement Advisory Services
Minnesota
$354K +$18.4K +15 +6%
PI
168
PFG Investments
New York
$353K – – –
CAPTRUST Financial Advisors
169
CAPTRUST Financial Advisors
North Carolina
$349K +$3.67K +3 +1%
NDSI
170
Newman Dignan & Sheerar Inc
Rhode Island
$349K +$3.67K +3 +1%
CAM
171
Cresset Asset Management
Illinois
$346K – – –
Bank of Montreal
172
Bank of Montreal
Ontario, Canada
$345K -$201K -164 -38%
RFN
173
RDA Financial Network
Iowa
$336K +$41.6K +34 +15%
WT
174
Whittier Trust
California
$335K -$15.9K -13 -5%
BOM
175
Bank of Marin
California
$333K – – –
5 6
7
8 9

WFC.PRL Hedge Fund Activity: Q3 2024 in Review

255 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q3 2024, worth a combined $3.12B — up 2.9% from $3.03B a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new WFC.PRL positions and 17 closed out — a net gain of 7 holders — while 81 added to existing stakes and 58 trimmed.

The largest buyer was Millennium Management, opening a new position worth an estimated $34.3M. The largest seller was State Street, cutting an estimated $121M.

  • 255 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q3 2024, up from 250 in Q2 2024.
  • Funds reported $3.12B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q3 2024, up 2.9% quarter-over-quarter.
  • 24 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q3 2024 and 17 closed out, a net change of +7 holders.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q3 2024 was Millennium Management, an estimated $34.3M added.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q3 2024 was State Street, an estimated $121M sold.

Based on aggregated 13F filings for Q3 2024.