WELLS FARGO & COMPANY Depositary Shares, each representing a 1/1,000th interest in a share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R
WFC.PRR
WFC.PRR was delisted on the 14th of March, 2024.
4 hedge funds and large institutions have $1.01M invested in WELLS FARGO & COMPANY Depositary Shares, each representing a 1/1,000th interest in a share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R in 2022 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
33% more funds holding
Funds holding: 3 → 4 (+1)
54% less capital invested
Capital invested by funds: $2.22M → $1.01M (-$1.21M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Mengis Capital Management
Portland,
Oregon
|
+$10.4K |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$8.65K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CW
Connectus Wealth
Cincinnati,
Ohio
|
-$1.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MCM
1
Mengis Capital Management
Portland,
Oregon
| $903K | +$10.4K | +412 | +1% |
|
|
RFG
2
RFP Financial Group
Atlanta,
Georgia
| $88.9K | +$90.4K | +3,594 | New |
|
|
3
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $17.7K | +$8.65K | +344 | +93% |
|
|
CPG
4
Cornerstone Planning Group
Fairfield,
New Jersey
| $3.83K | +$3.77K | +150 | New |
|
|
CW
5
Connectus Wealth
Cincinnati,
Ohio
| – | -$1.3M | -51,500 | Closed |
|
WFC.PRR Hedge Fund Activity: Q4 2022 in Review
4 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in WELLS FARGO & COMPANY Depositary Shares, each representing a 1/1,000th interest in a share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R (WFC.PRR) for Q4 2022, worth a combined $1.01M — down 54% from $2.22M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new WFC.PRR positions and 1 closed out — a net gain of 1 holder — while 2 added to existing stakes and 0 trimmed.
The largest buyer was Mengis Capital Management, adding an estimated $10.4K. The largest seller was Connectus Wealth, exiting entirely with an estimated $1.3M sold.
- 4 institutional investors held WELLS FARGO & COMPANY Depositary Shares, each representing a 1/1,000th interest in a share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R (WFC.PRR) as of Q4 2022, up from 3 in Q3 2022.
- Funds reported $1.01M of WELLS FARGO & COMPANY Depositary Shares, each representing a 1/1,000th interest in a share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R stock for Q4 2022, down 54% quarter-over-quarter.
- 2 funds opened new WELLS FARGO & COMPANY Depositary Shares, each representing a 1/1,000th interest in a share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R positions in Q4 2022 and 1 closed out, a net change of +1 holder.
- The largest WELLS FARGO & COMPANY Depositary Shares, each representing a 1/1,000th interest in a share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R buyer in Q4 2022 was Mengis Capital Management, an estimated $10.4K added.
- The largest WELLS FARGO & COMPANY Depositary Shares, each representing a 1/1,000th interest in a share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R seller in Q4 2022 was Connectus Wealth, an estimated $1.3M sold.
Based on aggregated 13F filings for Q4 2022.