Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
189 hedge funds and large institutions have $3.18B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2018 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 53 increasing their positions, 47 reducing their positions, and 25 closing their positions.
22% more funds holding in top 10
Funds holding in top 10: 9 → 11 (+2)
13% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 47
2% less funds holding
Funds holding: 193 → 189 (-4)
3.76% less ownership
Funds ownership: 67.69% → 63.93% (-3.8%)
7% less capital invested
Capital invested by funds: $3.41B → $3.18B (-$227M)
12% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$380M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$101M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$74.8M |
| 4 |
AU
Algebris (UK)
London,
United Kingdom
|
+$51.2M |
| 5 |
JP Morgan Chase
New York
|
+$16.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$522M |
| 2 |
State Street
Boston,
Massachusetts
|
-$137M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$64.4M |
| 4 |
ACM
Advent Capital Management
New York
|
-$25.4M |
| 5 |
CAM
Camden Asset Management
Los Angeles,
California
|
-$21.2M |
WFC.PRL Hedge Fund Activity: Q1 2018 in Review
189 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q1 2018, worth a combined $3.18B — down 6.7% from $3.41B a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of WFC.PRL and 22 opened new positions — a net loss of 3 holders — while 47 trimmed existing stakes and 53 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $380M. The largest seller was BlackRock, cutting an estimated $522M.
- 189 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q1 2018, down from 193 in Q4 2017.
- Funds reported $3.18B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q1 2018, down 6.7% quarter-over-quarter.
- 22 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q1 2018 and 25 closed out, a net change of -3 holders.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q1 2018 was T. Rowe Price Associates, an estimated $380M added.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q1 2018 was BlackRock, an estimated $522M sold.
Based on aggregated 13F filings for Q1 2018.