Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
183 hedge funds and large institutions have $3.41B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2017 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 51 increasing their positions, 38 reducing their positions, and 12 closing their positions.
67% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 12
43% more funds holding in top 10
Funds holding in top 10: 7 → 10 (+3)
34% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 38
5% more funds holding
Funds holding: 175 → 183 (+8)
5% more capital invested
Capital invested by funds: $3.25B → $3.41B (+$158M)
0.36% less ownership
Funds ownership: 68.22% → 67.87% (-0.36%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$37.4M |
| 2 |
MSL
Mackay Shields LLC
New York
|
+$35.3M |
| 3 |
JP Morgan Chase
New York
|
+$22.8M |
| 4 |
ACM
Advent Capital Management
New York
|
+$17.8M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
-$109M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$45.1M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$12.7M |
| 4 |
CAM
Camden Asset Management
Los Angeles,
California
|
-$8.29M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$6.19M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Citadel Advisors
Miami,
Florida
| – | -$228K | -184 | Closed |
|
|
PWM
202
Perigon Wealth Management
San Francisco,
California
| – | -$25K | -20 | Closed |
|
|
MA
203
MUFG Americas
New York
| – | -$19K | -15 | Closed |
|
WFC.PRL Hedge Fund Activity: Q2 2017 in Review
183 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q2 2017, worth a combined $3.41B — up 4.8% from $3.25B a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new WFC.PRL positions and 12 closed out — a net gain of 8 holders — while 51 added to existing stakes and 38 trimmed.
The largest buyer was Oaktree Capital Management, opening a new position worth an estimated $37.4M. The largest seller was American Century Companies, cutting an estimated $109M.
- 183 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q2 2017, up from 175 in Q1 2017.
- Funds reported $3.41B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q2 2017, up 4.8% quarter-over-quarter.
- 20 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q2 2017 and 12 closed out, a net change of +8 holders.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q2 2017 was Oaktree Capital Management, an estimated $37.4M added.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q2 2017 was American Century Companies, an estimated $109M sold.
Based on aggregated 13F filings for Q2 2017.