Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
210 hedge funds and large institutions have $2.8B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2020 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 61 increasing their positions, 53 reducing their positions, and 10 closing their positions.
110% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 10
15% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 53
11% more funds holding in top 10
Funds holding in top 10: 9 → 10 (+1)
6.76% more ownership
Funds ownership: 56.95% → 63.71% (+6.8%)
4% more funds holding
Funds holding: 201 → 210 (+9)
4% less capital invested
Capital invested by funds: $2.93B → $2.8B (-$126M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$595M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$103M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$88.8M |
| 4 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
+$84.8M |
| 5 |
Cohen & Steers
New York
|
+$59.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$598M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$50.5M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$21.7M |
| 4 |
KIA
KCM Investment Advisors
Greenbrae,
California
|
-$17.6M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$13.2M |
WFC.PRL Hedge Fund Activity: Q3 2020 in Review
210 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q3 2020, worth a combined $2.8B — down 4.3% from $2.93B a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new WFC.PRL positions and 10 closed out — a net gain of 11 holders — while 61 added to existing stakes and 53 trimmed.
The largest buyer was Loomis, Sayles & Company, opening a new position worth an estimated $595M. The largest seller was T. Rowe Price Associates, cutting an estimated $598M.
- 210 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q3 2020, up from 201 in Q2 2020.
- Funds reported $2.8B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q3 2020, down 4.3% quarter-over-quarter.
- 21 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q3 2020 and 10 closed out, a net change of +11 holders.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q3 2020 was Loomis, Sayles & Company, an estimated $595M added.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q3 2020 was T. Rowe Price Associates, an estimated $598M sold.
Based on aggregated 13F filings for Q3 2020.