Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
233 hedge funds and large institutions have $3.28B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2023 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 59 increasing their positions, 65 reducing their positions, and 17 closing their positions.
18% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 17
1% more funds holding
Funds holding: 230 → 233 (+3)
4% less capital invested
Capital invested by funds: $3.4B → $3.28B (-$119M)
9% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 65
2.46% less ownership
Funds ownership: 118.88% → 116.42% (-2.5%)
8% less funds holding in top 10
Funds holding in top 10: 12 → 11 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$59M |
| 2 |
BlackRock
New York
|
+$42M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
+$23.7M |
| 4 |
Jane Street
New York
|
+$16.6M |
| 5 |
P8IP
Pier 88 Investment Partners
San Francisco,
California
|
+$12.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$117M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
-$44.2M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$32M |
| 4 |
CAM
Camden Asset Management
Los Angeles,
California
|
-$24.7M |
| 5 |
Amundi
Paris,
France
|
-$10.4M |
WFC.PRL Hedge Fund Activity: Q3 2023 in Review
233 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q3 2023, worth a combined $3.28B — down 3.5% from $3.4B a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new WFC.PRL positions and 17 closed out — a net gain of 3 holders — while 59 added to existing stakes and 65 trimmed.
The largest buyer was International Assets Investment Management, opening a new position worth an estimated $59M. The largest seller was Loomis, Sayles & Company, cutting an estimated $117M.
- 233 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q3 2023, up from 230 in Q2 2023.
- Funds reported $3.28B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q3 2023, down 3.5% quarter-over-quarter.
- 20 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q3 2023 and 17 closed out, a net change of +3 holders.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q3 2023 was International Assets Investment Management, an estimated $59M added.
- The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q3 2023 was Loomis, Sayles & Company, an estimated $117M sold.
Based on aggregated 13F filings for Q3 2023.