Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
112 hedge funds and large institutions have $3.47B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 39 increasing their positions, 29 reducing their positions, and 8 closing their positions.
34% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 29
1.22% less ownership
Funds ownership: 79.02% → 77.8% (-1.2%)
3% less funds holding
Funds holding: 116 → 112 (-4)
21% less capital inflows, than outflows
Capital inflows: $176M | Capital outflows: $223M
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$67.5M |
| 2 |
State Street
Boston,
Massachusetts
|
+$16.8M |
| 3 |
JP Morgan Chase
New York
|
+$14.6M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$9.22M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$7.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
-$83.7M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$51.2M |
| 3 |
Flaherty & Crumrine
Pasadena,
California
|
-$28.9M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$14.4M |
| 5 |
Citigroup
New York
|
-$8.66M |
WFC.PRL Hedge Fund Activity: Q1 2014 in Review
112 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q1 2014, worth a combined $3.47B — up 5.2% from $3.29B a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of WFC.PRL and 5 opened new positions — a net loss of 3 holders — while 29 trimmed existing stakes and 39 added.
The largest buyer was Fidelity Investments, adding an estimated $67.5M. The largest seller was American Century Companies, cutting an estimated $83.7M.
- 112 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q1 2014, down from 116 in Q4 2013.
- Funds reported $3.47B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q1 2014, up 5.2% quarter-over-quarter.
- 5 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q1 2014 and 8 closed out, a net change of -3 holders.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q1 2014 was Fidelity Investments, an estimated $67.5M added.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q1 2014 was American Century Companies, an estimated $83.7M sold.
Based on aggregated 13F filings for Q1 2014.