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Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL

255 hedge funds and large institutions have $3.12B invested in Wells Fargo 7.5% Non Cumv Perp Conv in 2024 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 81 increasing their positions, 58 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 17

40% more repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 58

2% more funds holding

Funds holding: 250 → 255 (+5)

3% more capital invested

Capital invested by funds: $3.03B → $3.12B (+$88.1M)

2.69% less ownership

Funds ownership: 66.2% → 63.51% (-2.7%)

25% less funds holding in top 10

Funds holding in top 10: 12 → 9 (-3)

Holders
255
Holders Change
+5
Holders Change %
+2%
% of All Funds
3.66%
Holding in Top 10
9
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-25%
% of All Funds
0.13%
New
24
Increased
81
Reduced
58
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$34.3M
2
N
Nuveen
North Carolina
+$9.22M
3
ACM
Advent Capital Management
New York
+$7.88M
4
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$4.36M
5
Mirae Asset Global ETFs Holdings
Mirae Asset Global ETFs Holdings
Hong Kong
+$4.35M

Top Sellers

Rank Fund Capital Flow
1
State Street
State Street
Massachusetts
-$121M
2
Victory Capital Management
Victory Capital Management
Texas
-$22.5M
3
First Manhattan
First Manhattan
New York
-$13.1M
4
UIA
Ulland Investment Advisors
Minnesota
-$10.7M
5
Allianz Asset Management
Allianz Asset Management
Germany
-$5.76M
Name Holding Trade Value Shares
Change 		Change in
Stake
VOYA Investment Management
1
VOYA Investment Management
Georgia
$758M -$4.29M -3,500 -0.6%
BlackRock
2
BlackRock
New York
$370M +$3.68M +3,002 +1%
ACM
3
Advent Capital Management
New York
$233M +$7.88M +6,439 +4%
First Trust Advisors
4
First Trust Advisors
Illinois
$199M +$2.34M +1,911 +1%
Mirae Asset Global ETFs Holdings
5
Mirae Asset Global ETFs Holdings
Hong Kong
$114M +$4.35M +3,555 +4%
Victory Capital Management
6
Victory Capital Management
Texas
$90.5M -$22.5M -18,393 -21%
SA
7
Stonebridge Advisors
Connecticut
$83.7M -$4.71M -3,846 -6%
Invesco
8
Invesco
Georgia
$83.2M -$12.2K -10 -0%
Manulife (Manufacturers Life Insurance)
9
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$79.4M +$111K +91 +0.1%
State Street
10
State Street
Massachusetts
$74.4M -$121M -98,500 -63%
Allianz Asset Management
11
Allianz Asset Management
Germany
$69.2M -$5.76M -4,700 -8%
Fidelity Investments
12
Fidelity Investments
Massachusetts
$65.4M +$490K +400 +0.8%
Morgan Stanley
13
Morgan Stanley
New York
$60.4M +$675K +551 +1%
N
14
Nuveen
North Carolina
$59.8M +$9.22M +7,529 +19%
Bank of America
15
Bank of America
North Carolina
$40.3M +$7.35K +6 +0%
MSL
16
Mackay Shields LLC
New York
$36.4M -$111K -91 -0.3%
Thrivent Financial for Lutherans
17
Thrivent Financial for Lutherans
Minnesota
$30.2M -$720K -588 -2%
First Eagle Investment Management
18
First Eagle Investment Management
New York
$26.5M – – –
SIM
19
SSI Investment Management
California
$25.6M -$437K -357 -2%
Focus Partners Wealth
20
Focus Partners Wealth
Massachusetts
$24.4M +$190K +155 +0.8%
New York State Common Retirement Fund
21
New York State Common Retirement Fund
New York
$23.5M +$956K +781 +4%
P8IP
22
Pier 88 Investment Partners
California
$23.3M – – –
Cohen & Steers
23
Cohen & Steers
New York
$21M +$1.18M +960 +6%
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
$20.9M – – –
NEAM
25
New England Asset Management
Connecticut
$17M – – –
1
2 3 4 5

WFC.PRL Hedge Fund Activity: Q3 2024 in Review

255 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) for Q3 2024, worth a combined $3.12B — up 2.9% from $3.03B a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new WFC.PRL positions and 17 closed out — a net gain of 7 holders — while 81 added to existing stakes and 58 trimmed.

The largest buyer was Millennium Management, opening a new position worth an estimated $34.3M. The largest seller was State Street, cutting an estimated $121M.

  • 255 institutional investors held Wells Fargo 7.5% Non Cumv Perp Conv (WFC.PRL) as of Q3 2024, up from 250 in Q2 2024.
  • Funds reported $3.12B of Wells Fargo 7.5% Non Cumv Perp Conv stock for Q3 2024, up 2.9% quarter-over-quarter.
  • 24 funds opened new Wells Fargo 7.5% Non Cumv Perp Conv positions in Q3 2024 and 17 closed out, a net change of +7 holders.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv buyer in Q3 2024 was Millennium Management, an estimated $34.3M added.
  • The largest Wells Fargo 7.5% Non Cumv Perp Conv seller in Q3 2024 was State Street, an estimated $121M sold.

Based on aggregated 13F filings for Q3 2024.