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Wells Fargo 7.5% Non Cumv Perp Conv

194 hedge funds and large institutions have $2.99B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2018 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 49 increasing their positions, 55 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 25

2% more funds holding

Funds holding: 191194 (+3)

3.99% less ownership

Funds ownership: 65.2%61.21% (-4%)

6% less capital invested

Capital invested by funds: $3.18B → $2.99B (-$190M)

11% less repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 55

25% less funds holding in top 10

Funds holding in top 10: 129 (-3)

Holders
194
Holders Change
+3
Holders Change %
+1.57%
% of All Funds
4.32%
Holding in Top 10
9
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-25%
% of All Funds
0.2%
New
29
Increased
49
Reduced
55
Closed
25
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
$609M +$1.52M +1,200 +0.2%
Allianz Asset Management
2
Allianz Asset Management
Germany
$467M +$21.2M +16,705 +5%
CAM
3
Camden Asset Management
California
$258M +$134M +105,618 +107%
Invesco
4
Invesco
Georgia
$157M -$364K -287 -0.2%
State Street
5
State Street
Massachusetts
$136M -$19.5M -15,400 -12%
ACM
6
Advent Capital Management
New York
$134M +$31.9M +25,166 +31%
JP Morgan Chase
7
JP Morgan Chase
New York
$113M +$10.5M +8,258 +10%
American Century Companies
8
American Century Companies
Missouri
$102M +$51.2M +40,412 +101%
SAMC
9
Spectrum Asset Management (Connecticut)
Connecticut
$80.6M -$31.8M -25,086 -28%
Victory Capital Management
10
Victory Capital Management
Texas
$67.6M -$4.04M -3,192 -6%
Calamos Advisors
11
Calamos Advisors
Illinois
$67.5M -$939K -741 -1%
Fidelity Investments
12
Fidelity Investments
Massachusetts
$62M -$12.3M -9,670 -16%
MSL
13
Mackay Shields LLC
New York
$43.9M -$19K -15 -0%
Lord, Abbett & Co
14
Lord, Abbett & Co
New Jersey
$41.4M +$1.27K +1 +0%
CS
15
Credit Suisse
Switzerland
$36.5M +$1.27M +1,000 +4%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$34.8M
SIM
17
SSI Investment Management
California
$32.4M +$3.54M +2,792 +12%
Thrivent Financial for Lutherans
18
Thrivent Financial for Lutherans
Minnesota
$28.1M -$7.68M -6,059 -21%
Bank of America
19
Bank of America
North Carolina
$27.6M +$1.03M +815 +4%
BlackRock
20
BlackRock
New York
$26.1M -$57K -45 -0.2%
Morgan Stanley
21
Morgan Stanley
New York
$22.8M -$199K -157 -0.9%
PCM
22
Palisade Capital Management
New Jersey
$20.4M -$1.39M -1,101 -6%
Jane Street
23
Jane Street
New York
$19.2M +$19.2M +15,191 New
Ameriprise
24
Ameriprise
Minnesota
$17M +$74.7K +59 +0.4%
KIA
25
KCM Investment Advisors
California
$16.8M -$130K -103 -0.8%

WFC.PRL Hedge Fund Activity: Q4 2018 in Review

194 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q4 2018, worth a combined $2.99B — down 6% from $3.18B a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new WFC.PRL positions and 25 closed out — a net gain of 4 holders — while 49 added to existing stakes and 55 trimmed.

The largest buyer was Camden Asset Management, adding an estimated $134M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $98.6M.

  • 194 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q4 2018, up from 191 in Q3 2018.
  • Funds reported $2.99B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q4 2018, down 6% quarter-over-quarter.
  • 29 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q4 2018 and 25 closed out, a net change of +4 holders.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q4 2018 was Camden Asset Management, an estimated $134M added.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q4 2018 was Manulife (Manufacturers Life Insurance), an estimated $98.6M sold.

Based on aggregated 13F filings for Q4 2018.