Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
150 hedge funds and large institutions have $3.25B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2016 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 47 increasing their positions, 32 reducing their positions, and 8 closing their positions.
250% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 8
75% more funds holding in top 10
Funds holding in top 10: 4 → 7 (+3)
47% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 32
15% more funds holding
Funds holding: 131 → 150 (+19)
5.98% less ownership
Funds ownership: 76.62% → 70.64% (-6%)
50% less capital invested
Capital invested by funds: $6.53B → $3.25B (-$3.28B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$70.9M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$31.2M |
| 3 |
ACM
Advent Capital Management
New York
|
+$29.6M |
| 4 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$26.1M |
| 5 |
Cohen & Steers
New York
|
+$20.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$251M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$175M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$35.2M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$20.2M |
| 5 |
Goldman Sachs
New York
|
-$12.6M |
WFC.PRL Hedge Fund Activity: Q1 2016 in Review
150 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q1 2016, worth a combined $3.25B — down 50% from $6.53B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new WFC.PRL positions and 8 closed out — a net gain of 20 holders — while 47 added to existing stakes and 32 trimmed.
The largest buyer was T. Rowe Price Associates, opening a new position worth an estimated $70.9M. The largest seller was Allianz Asset Management, cutting an estimated $251M.
- 150 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q1 2016, up from 131 in Q4 2015.
- Funds reported $3.25B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q1 2016, down 50% quarter-over-quarter.
- 28 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q1 2016 and 8 closed out, a net change of +20 holders.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q1 2016 was T. Rowe Price Associates, an estimated $70.9M added.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q1 2016 was Allianz Asset Management, an estimated $251M sold.
Based on aggregated 13F filings for Q1 2016.