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Wells Fargo 7.5% Non Cumv Perp Conv

192 hedge funds and large institutions have $2.91B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2018 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 46 increasing their positions, 45 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 16

1.67% more ownership

Funds ownership: 63.93%65.6% (+1.7%)

2% more funds holding

Funds holding: 189192 (+3)

2% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 45

0% more funds holding in top 10

Funds holding in top 10: 1111 (0)

9% less capital invested

Capital invested by funds: $3.18B → $2.91B (-$277M)

Holders
192
Holders Change
+3
Holders Change %
+1.59%
% of All Funds
4.4%
Holding in Top 10
11
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.25%
New
19
Increased
46
Reduced
45
Closed
16
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$517M +$2.73M +2,150 +0.5%
Franklin Resources
2
Franklin Resources
California
$199M -$145M -113,733 -42%
AAMU
3
Amundi Asset Management US
Massachusetts
$159M -$10.4M -8,157 -6%
Invesco
4
Invesco
Georgia
$149M +$5.31M +4,176 +4%
Allianz Asset Management
5
Allianz Asset Management
Germany
$142M +$23.7M +18,600 +7%
State Street
6
State Street
Massachusetts
$142M +$144M +113,021 New
SAMC
7
Spectrum Asset Management (Connecticut)
Connecticut
$112M
JP Morgan Chase
8
JP Morgan Chase
New York
$107M +$9.64M +7,585 +10%
UBS AM
9
UBS AM
Illinois
$105M
Manulife (Manufacturers Life Insurance)
10
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$90.8M +$7.65M +6,015 +9%
CAM
11
Camden Asset Management
California
$87.5M -$2.54M -2,000 -3%
ACM
12
Advent Capital Management
New York
$85.2M +$7.89M +6,207 +10%
AU
13
Algebris (UK)
United Kingdom
$73.5M -$9.25M -7,274 -11%
Victory Capital Management
14
Victory Capital Management
Texas
$70.6M +$71.3M +56,038 New
Calamos Advisors
15
Calamos Advisors
Illinois
$66.8M -$181K -142 -0.3%
Loomis, Sayles & Company
16
Loomis, Sayles & Company
Massachusetts
$58.3M +$17.8M +14,013 +5%
Fidelity Investments
17
Fidelity Investments
Massachusetts
$56.8M +$12.2M +9,600 +27%
MSL
18
Mackay Shields LLC
New York
$43.7M +$961K +756 +2%
Thrivent Financial for Lutherans
19
Thrivent Financial for Lutherans
Minnesota
$35.7M
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$35.6M
Lord, Abbett & Co
21
Lord, Abbett & Co
New Jersey
$34.8M -$21.5M -16,911 -38%
CS
22
Credit Suisse
Switzerland
$30.2M +$3.81M +3,000 +14%
BlackRock
23
BlackRock
New York
$29.3M
Bank of America
24
Bank of America
North Carolina
$26.6M +$3.25M +2,553 +14%
SIM
25
SSI Investment Management
California
$25.8M +$2.15M +1,687 +9%

WFC.PRL Hedge Fund Activity: Q2 2018 in Review

192 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q2 2018, worth a combined $2.91B — down 8.7% from $3.18B a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new WFC.PRL positions and 16 closed out — a net gain of 3 holders — while 46 added to existing stakes and 45 trimmed.

The largest buyer was State Street, opening a new position worth an estimated $144M. The largest seller was Franklin Resources, cutting an estimated $145M.

  • 192 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q2 2018, up from 189 in Q1 2018.
  • Funds reported $2.91B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q2 2018, down 8.7% quarter-over-quarter.
  • 19 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q2 2018 and 16 closed out, a net change of +3 holders.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q2 2018 was State Street, an estimated $144M added.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q2 2018 was Franklin Resources, an estimated $145M sold.

Based on aggregated 13F filings for Q2 2018.