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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$34.3M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$9.22M |
| 3 |
ACM
Advent Capital Management
New York
|
+$7.88M |
| 4 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$4.36M |
| 5 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
+$4.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$121M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$22.5M |
| 3 |
First Manhattan
New York
|
-$13.1M |
| 4 |
UIA
Ulland Investment Advisors
Minneapolis,
Minnesota
|
-$10.7M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$5.76M |
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.