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 $2.54M 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 2023 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 0 reducing their positions, and 2 closing their positions.
153% more capital invested
Capital invested by funds: $1M → $2.54M (+$1.53M)
20% less funds holding
Funds holding: 5 → 4 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IR
IAT Reinsurance
New York
|
+$1.51M |
| 2 |
MCM
Mengis Capital Management
Portland,
Oregon
|
+$37.7K |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$4.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPG
Cornerstone Planning Group
Fairfield,
New Jersey
|
-$2.54K |
| 2 |
OP
ORG Partners
Roanoke,
Indiana
|
-$1.37K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IR
1
IAT Reinsurance
New York
| $1.51M | +$1.51M | +60,000 | New |
|
|
MCM
2
Mengis Capital Management
Portland,
Oregon
| $908K | +$37.7K | +1,500 | +4% |
|
|
RFG
3
RFP Financial Group
Atlanta,
Georgia
| $90.2K | – | – | – |
|
|
4
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $30.7K | +$4.4K | +175 | +17% |
|
|
CPG
5
Cornerstone Planning Group
Fairfield,
New Jersey
| – | -$2.54K | -100 | Closed |
|
|
OP
6
ORG Partners
Roanoke,
Indiana
| – | -$1.37K | -54 | Closed |
|
WFC.PRR Hedge Fund Activity: Q4 2023 in Review
4 of the 6,859 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 2023, worth a combined $2.54M — up 153% from $1M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of WFC.PRR and 1 opened new positions — a net loss of 1 holder — while 0 trimmed existing stakes and 2 added.
The largest buyer was IAT Reinsurance, opening a new position worth an estimated $1.51M. The largest seller was Cornerstone Planning Group, exiting entirely with an estimated $2.54K 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 2023, down from 5 in Q3 2023.
- Funds reported $2.54M 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 2023, up 153% quarter-over-quarter.
- 1 fund 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 2023 and 2 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 2023 was IAT Reinsurance, an estimated $1.51M 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 2023 was Cornerstone Planning Group, an estimated $2.54K sold.
Based on aggregated 13F filings for Q4 2023.