By Danilo Masoni
MILAN, May 23 (Reuters) - Analysis of data from Italian market regulator Consob, which tracks changes in short positions above 0.5%, shows that funds which built big bets against shares in Italy's leading banks since 2018 have loosened their grip. is a summary of funds' positions as of May 21 and their recent moves on five of the country's leading banks: Intesa Sanpaolo , UniCredit, Banco BPM, UBI Banca and BPER Banca.
INTESA SANPAOLO ISP.MI :
No investment fund currently has a net short of above 0.5%.
Below is a summary of moves since January 2018. HOLDER
NET SHORT
AS OF
COMPARED WITH Bridgewater
0.48%
11/07/2018 1.35% peak on Associates, LP
23/03/2018
UNICREDIT CRDI.MI :
No investment fund currently has a net short of above 0.5%
Below is a summary of moves since January 2018. HOLDER
NET SHORT
AS OF
COMPARED WITH AQR Capital
0.49%
28/03/2018 1.27% peak on Management, LLC
08/01/2018 Bridgewater
0.48%
17/07/2018 0.82% peak on Associates, LP
02/03/2018
BANCO BPM BAMI.MI :
Details of funds whose current positions above 0.5% with comparatives going back to January 2018. HOLDER
NET SHORT AS OF
COMPARED WITH AHL Partners LLP 0.57%
15/04/2019
1.21% peak
18/10/2018 AQR Capital
1.12%
15/05/2019
3.11% peak Management, LLC
03/01/2018 BlackRock (NYSE:BLK)
0.58%
7/05/2019
1.1% peak Institutional
12/12/2018 Trust Company
Citadel Europe
0.52%
14/05/2019
0.51% peak LLP
07/03/2019 Lansdowne
0.72%
07/02/2019
NA Partners (UK) LLP
Marshall Wace LLP 0.79%
15/05/2019
4.32% peak
29/10/2018 PDT Partners, LLC 1.25%
09/05/2019
1.45% peak
15/01/2019
UBI BANCA UBI.MI :
Current positions above 0.5% with comparatives going back to January 2018.
HOLDER
NET SHORT AS OF
COMPARED WITH AQR Capital
1.8%
17/05/2019
1.7% peak Management, LLC
09/01/2018 BlackRock
0.5%
17/05/2019
0.7% peak
Institutional
29/08/2018 Trust Company
Citadel Europe
0.8%
06/05/2019
0.92% peak LLP
10/01/2019 Lansdowne
0.54%
08/02/2019
NA Partners (UK) LLP
Marshall Wace LLP 1.69%
16/05/2019
3.81% peak
06/03/2019 PDT Partners, LLC 0.62%
20/03/2019
0.53% peak
28/09/2018
BPER BANCA EMII.MI :
Current positions above 0.5% with comparatives going back to January 2018.
HOLDER
NET SHORT AS OF
COMPARED AHL Partners LLP 0.99%
25/04/2019
1.52% peak
18/10/2018 Gladstone Capital 0.71%
01/04/2019
0.66% peak Management LLP
06/02/2019 Oceanwood Capital 1.04%
15/05/2019
0.92% peak Management Ltd
08/05/2019
There have been other funds that have cut their short bets on BPM, BPER and UBI below the 0.5% level in recent months with positions peaking around the end of 2018 or earlier this year.
Link to full data from Consob: http://www.consob.it/web/area-pubblica/pnc
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Link to full data from Consob
http://www.consob.it/web/area-pubblica/pnc
Foreign funds loosen bearish bet on big Italian banks
GRAPHIC: Italy banks vs euro zone peers
https://tmsnrt.rs/2WfgHwI
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>