Downgrade Drags Down Zions Bancorporation (ZION), Regions Financial Corp (RF), and Bank Of The Ozarks Inc (OZRK)

What have hedge funds been doing with Zions Bancorporation (NASDAQ:ZION)?

According to hedge fund experts at Insider Monkey, Citadel Investment Group, managed by Ken Griffin, holds the number one position in Zions Bancorporation (NASDAQ:ZION). Citadel Investment Group has a $176.8 million position in the stock, comprising 0.2% of its 13F portfolio. On Citadel Investment Group’s heels is Millennium Management, managed by Israel Englander, which held an $81 million position; 0.2% of its 13F portfolio is allocated to the company.

How are hedge funds trading Regions Financial Corporation (NYSE:RF)?

Richard S. Pzena’s Pzena Investment Management has the largest position in Regions Financial Corporation (NYSE:RF), worth close to $115.3 million, accounting for 0.6% of its total 13F portfolio. The second-largest stake is held by Samlyn Capital, managed by Robert Pohly, which holds a $106.2 million position; the fund has 1.7% of its 13F portfolio invested in the stock.

How are hedge funds trading Bank Of The Ozarks Inc (NASDAQ:OZRK)?

Drew Cupps‘ Cupps Capital Management has the most valuable position in Bank Of The Ozarks Inc (NASDAQ:OZRK), worth close to $13.6 million, amounting to 1.2% of its total 13F portfolio. Coming in second is Citadel Investment Group, managed by Ken Griffin, which has a $10 million position; the fund has less than 0.1% of its 13F portfolio invested in the stock. Other members of the smart money with similar optimism consist of Jim Simons’ Renaissance Technologies, Sharif Siddiqui’s Alpenglow Capital, and Ken Gray and Steve Walsh’s Bryn Mawr Capital.

Given the combination of hedge fund activity, insider trading, and the downgrades, we would only put a ‘Buy’ recommendation on Regions Financial Corporation (NYSE:RF) out of this trio of companies.

Disclosure: None