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Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL

250 hedge funds and large institutions have $2.96B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2024 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 62 increasing their positions, 68 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 18

3% more funds holding

Funds holding: 242 → 250 (+8)

0% more funds holding in top 10

Funds holding in top 10: 11 → 11 (0)

0% less capital invested

Capital invested by funds: $2.97B → $2.96B (-$7.86M)

9% less repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 68

6.24% less ownership

Funds ownership: 76.92% → 70.68% (-6.2%)

Holders
250
Holders Change
+8
Holders Change %
+3.31%
% of All Funds
3.6%
Holding in Top 10
11
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.16%
New
27
Increased
62
Reduced
68
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$38.3M
2
SA
Stonebridge Advisors
Connecticut
+$23M
3
First Trust Advisors
First Trust Advisors
Illinois
+$20.1M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$8.26M
5
Victory Capital Management
Victory Capital Management
Texas
+$7.67M

Top Sellers

Rank Fund Capital Flow
1
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
-$117M
2
Morgan Stanley
Morgan Stanley
New York
-$51.9M
3
CAM
Camden Asset Management
California
-$48.3M
4
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
-$22.6M
5
ACM
Advent Capital Management
New York
-$10.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
PI
176
PFG Investments
New York
$335K +$329K +275 New
CAM
177
Cresset Asset Management
Illinois
$329K – – –
BOM
178
Bank of Marin
California
$322K – – –
EAM
179
Evanson Asset Management
California
$305K – – –
FHA
180
First Horizon Advisors
Tennessee
$305K – – –
GCIA
181
Gabelli & Co Investment Advisers
New York
$305K – – –
CIC
182
Chilton Investment Company
Connecticut
$292K – – –
CIC
183
Carnegie Investment Counsel
Ohio
$275K +$271K +226 New
BFG
184
Berger Financial Group
Minnesota
$269K – – –
RFN
185
RDA Financial Network
Iowa
$259K – – –
PTC
186
Private Trust Company
Ohio
$251K +$26.3K +22 +12%
SW
187
Simplicity Wealth
New Jersey
$244K +$239K +200 New
HWM
188
HB Wealth Management
Georgia
$232K – – –
AAS
189
Ameritas Advisory Services
Nebraska
$231K – – –
FNBT
190
FineMark National Bank & Trust
Florida
$228K – – –
MBT
191
Montecito Bank & Trust
California
$226K – – –
NFC
192
Northeast Financial Consultants
Connecticut
$226K – – –
WCM
193
WealthBridge Capital Management
Ohio
$224K – – –
NA
194
NewEdge Advisors
Louisiana
$213K +$114K +95 +119%
BAG
195
Bridgewealth Advisory Group
California
$210K – – –
FAIM
196
Financial Advocates Investment Management
Washington
$209K +$1.2K +1 +0.6%
RTC
197
Riverview Trust Company
Washington
$204K +$200K +167 New
BBI
198
Baxter Bros Inc
Connecticut
$202K +$198K +165 New
IRM
199
Income Research & Management
Massachusetts
$201K +$198K +165 New
JAG
200
Journey Advisory Group
Kentucky
$201K +$198K +165 New
6 7
8
9 10

WFC.PRL Hedge Fund Activity: Q1 2024 in Review

250 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q1 2024, worth a combined $2.96B — down 0.26% from $2.97B a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new WFC.PRL positions and 18 closed out — a net gain of 9 holders — while 62 added to existing stakes and 68 trimmed.

The largest buyer was BlackRock, adding an estimated $38.3M. The largest seller was Loomis, Sayles & Company, cutting an estimated $117M.

  • 250 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q1 2024, up from 242 in Q4 2023.
  • Funds reported $2.96B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q1 2024, down 0.26% quarter-over-quarter.
  • 27 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q1 2024 and 18 closed out, a net change of +9 holders.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q1 2024 was BlackRock, an estimated $38.3M added.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q1 2024 was Loomis, Sayles & Company, an estimated $117M sold.

Based on aggregated 13F filings for Q1 2024.