Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
61 hedge funds and large institutions have $486M invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2020 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 153 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 10
50% less funds holding in top 10
Funds holding in top 10: 10 → 5 (-5)
55.64% less ownership
Funds ownership: 63.71% → 8.07% (-56%)
71% less funds holding
Funds holding: 210 → 61 (-149)
83% less capital invested
Capital invested by funds: $2.8B → $486M (-$2.32B)
97% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 153
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$16.4M |
| 2 |
CAM
Camden Asset Management
Los Angeles,
California
|
+$2.11M |
| 3 |
Calamos Advisors
Naperville,
Illinois
|
+$2.05M |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$634K |
| 5 |
KAM
Knightsbridge Asset Management
Newport Beach,
California
|
+$420K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$413M |
| 2 |
BlackRock
New York
|
-$280M |
| 3 |
ACM
Advent Capital Management
New York
|
-$175M |
| 4 |
SAMC
Spectrum Asset Management (Connecticut)
Stamford,
Connecticut
|
-$157M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$154M |
WFC.PRL Hedge Fund Activity: Q4 2020 in Review
61 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q4 2020, worth a combined $486M — down 83% from $2.8B a quarter earlier.
Sellers outnumbered buyers: 153 funds closed out of WFC.PRL and 4 opened new positions — a net loss of 149 holders — while 10 trimmed existing stakes and 15 added.
The largest buyer was First Trust Advisors, adding an estimated $16.4M. The largest seller was Allianz Asset Management, exiting entirely with an estimated $413M sold.
- 61 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q4 2020, down from 210 in Q3 2020.
- Funds reported $486M of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q4 2020, down 83% quarter-over-quarter.
- 4 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q4 2020 and 153 closed out, a net change of -149 holders.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q4 2020 was First Trust Advisors, an estimated $16.4M added.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q4 2020 was Allianz Asset Management, an estimated $413M sold.
Based on aggregated 13F filings for Q4 2020.