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Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL

256 hedge funds and large institutions have $2.85B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2024 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 72 increasing their positions, 79 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 20

22% more funds holding in top 10

Funds holding in top 10: 9 → 11 (+2)

3.54% more ownership

Funds ownership: 63.51% → 67.05% (+3.5%)

0% more funds holding

Funds holding: 255 → 256 (+1)

9% less repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 79

9% less capital invested

Capital invested by funds: $3.12B → $2.85B (-$274M)

Holders
256
Holders Change
+1
Holders Change %
+0.39%
% of All Funds
3.37%
Holding in Top 10
11
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+22.22%
% of All Funds
0.14%
New
25
Increased
72
Reduced
79
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
ECG
Edge Capital Group
Georgia
+$272M
2
UIA
Ulland Investment Advisors
Minnesota
+$10.1M
3
State Street
State Street
Massachusetts
+$9.32M
4
VOYA Investment Management
VOYA Investment Management
Georgia
+$8.06M
5
BlackRock
BlackRock
New York
+$7.52M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$40.2M
2
SA
Stonebridge Advisors
Connecticut
-$35.4M
3
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$10.5M
4
ACM
Advent Capital Management
New York
-$10.2M
5
First Manhattan
First Manhattan
New York
-$9.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
176
Wolverine Asset Management
Illinois
$324K +$336K +273 New
IAA
177
Independent Advisor Alliance
North Carolina
$316K -$67.7K -55 -17%
CAPTRUST Financial Advisors
178
CAPTRUST Financial Advisors
North Carolina
$313K -$12.3K -10 -4%
CL
179
Choreo LLC
Illinois
$310K +$1.23K +1 +0.4%
EAM
180
Evanson Asset Management
California
$299K – – –
FHA
181
First Horizon Advisors
Tennessee
$299K – – –
GCIA
182
Gabelli & Co Investment Advisers
New York
$299K – – –
ECG
183
Edge Capital Group
Georgia
$293K +$272M +220,705 New
CCM
184
Crew Capital Management
Ohio
$281K -$185K -150 -39%
IA
185
IFG Advisory
Georgia
$252K +$260K +211 New
KA
186
Kovack Advisors
Florida
$250K +$18.5K +15 +8%
AAS
187
Avantax Advisory Services
Texas
$246K -$6.15K -5 -2%
HWM
188
HB Wealth Management
Georgia
$246K – – –
PNC Financial Services Group
189
PNC Financial Services Group
Pennsylvania
$246K +$66.5K +54 +36%
SW
190
Simplicity Wealth
New Jersey
$239K – – –
Jones Financial Companies
191
Jones Financial Companies
Missouri
$239K +$162K +132 +194%
SA
192
Strategic Advisors
New York
$234K +$39.4K +32 +20%
AAS
193
Ameritas Advisory Services
Nebraska
$233K +$240K +195 New
AA
194
AQR Arbitrage
Connecticut
$226K – – –
BAG
195
Bridgewealth Advisory Group
California
$225K +$16K +13 +8%
MBT
196
Montecito Bank & Trust
California
$220K – – –
Cerity Partners
197
Cerity Partners
New York
$209K -$17.2K -14 -7%
FAIM
198
Financial Advocates Investment Management
Washington
$209K +$3.69K +3 +2%
OAM
199
Oppenheimer Asset Management
New York
$204K -$14.8K -12 -7%
NA
200
NewEdge Advisors
Louisiana
$203K -$6.15K -5 -3%
6 7
8
9 10

WFC.PRL Hedge Fund Activity: Q4 2024 in Review

256 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q4 2024, worth a combined $2.85B — down 8.8% from $3.12B a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new WFC.PRL positions and 20 closed out — a net gain of 5 holders — while 72 added to existing stakes and 79 trimmed.

The largest buyer was Edge Capital Group, opening a new position worth an estimated $272M. The largest seller was Fidelity Investments, cutting an estimated $40.2M.

  • 256 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q4 2024, up from 255 in Q3 2024.
  • Funds reported $2.85B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q4 2024, down 8.8% quarter-over-quarter.
  • 25 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q4 2024 and 20 closed out, a net change of +5 holders.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q4 2024 was Edge Capital Group, an estimated $272M added.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q4 2024 was Fidelity Investments, an estimated $40.2M sold.

Based on aggregated 13F filings for Q4 2024.