Opera Trading Capital’s Rayonier Advanced Materials Inc. 8.00% Series A Mandatory Convertible Preferred Stock RYAM.PRA Stock Holding History

Opera Trading Capital’s Portfolio RYAM.PRA Stock Details RYAM.PRA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-20,000	Closed	-$2.08M	–	154
2017 Q3	$2.08M	Sell	20,000 -25,000	-56%	-$2.71M	0.28%	79
2017 Q2	$5.28M	Sell	45,000 -35,000	-44%	-$3.8M	0.92%	42
2017 Q1	$8.23M	Hold	80,000	–	–	2.31%	13
2016 Q4	$9.29M	Hold	80,000	–	–	2.8%	11
2016 Q3	$8.31M	Buy	+80,000	New	+$7.69M	1.75%	18

Other funds holding RYAM.PRA

Deutsche Bank Frankfurt Am Main Ge, Germany $344B AUM 42.99% 1-Year Est. Return

Wolverine Asset Management Chicago, Illinois $11.4B AUM 5.65% 1-Year Est. Return

AGC

Angelo Gordon & Co New York $1.06B AUM 47.95% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Allianz Asset Management Munich, Germany $123B AUM 45.23% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Equitec Specialists Chicago, Illinois $708K AUM 25.27% 1-Year Est. Return

VSI

Verde Servicos Internacionais Sao Paulo, Brazil $273M AUM 17.36% 1-Year Est. Return

Citigroup New York $303B AUM 53.02% 1-Year Est. Return

SG Americas Securities New York $179B AUM 65.34% 1-Year Est. Return

Opera Trading Capital's RYAM.PRA Position: Q4 2017 in Review

Opera Trading Capital sold out of Rayonier Advanced Materials Inc. 8.00% Series A Mandatory Convertible Preferred Stock (RYAM.PRA) in Q4 2017, closing a stake of 20,000 shares — an estimated $2.08M sold.

Opera Trading Capital first reported a position in RYAM.PRA in Q3 2016 and held it in 5 quarters. The position peaked at $9.29M in Q4 2016. 24 funds tracked by Wall St. Rank hold RYAM.PRA as of Q4 2017.

Opera Trading Capital reported no remaining Rayonier Advanced Materials Inc. 8.00% Series A Mandatory Convertible Preferred Stock position as of Q4 2017 after selling out during the quarter.
Opera Trading Capital sold 20,000 Rayonier Advanced Materials Inc. 8.00% Series A Mandatory Convertible Preferred Stock shares in Q4 2017, an estimated $2.08M.
Opera Trading Capital first reported a position in Rayonier Advanced Materials Inc. 8.00% Series A Mandatory Convertible Preferred Stock in Q3 2016 and held it in 5 quarters.
Opera Trading Capital's Rayonier Advanced Materials Inc. 8.00% Series A Mandatory Convertible Preferred Stock position peaked at $9.29M in Q4 2016.
24 funds tracked by Wall St. Rank held Rayonier Advanced Materials Inc. 8.00% Series A Mandatory Convertible Preferred Stock as of Q4 2017.

Based on Opera Trading Capital's 13F filing for Q4 2017, filed 31 Jan 2018.