Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
AIZP was delisted on the 12th of March, 2021.
30 hedge funds and large institutions have $218M invested in Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value in 2018 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 7 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
3% less funds holding
Funds holding: 31 → 30 (-1)
14% less capital invested
Capital invested by funds: $254M → $218M (-$35.4M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$32.4M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
+$23.3M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$16.3M |
| 4 |
MA
MUFG Americas
New York
|
+$7.65M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$6.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Advent Capital Management
New York
|
-$26.9M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$12.9M |
| 3 |
ICM
Ionic Capital Management
New York
|
-$5.48M |
| 4 |
Jane Street
New York
|
-$4.67M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wellington Management Group
Boston,
Massachusetts
| $392K | – | – | – |
|
|
ES
27
Equitec Specialists
Chicago,
Illinois
| $379K | +$335K | +3,159 | +1,404% |
|
|
TA
28
Teton Advisors
Rye,
New York
| $266K | +$53K | +500 | +25% |
|
29
SEI Investments
Oaks,
Pennsylvania
| $266K | +$223K | +2,099 | +772% |
|
|
LFAS
30
Level Four Advisory Services
Dallas,
Texas
| $234K | +$222K | +2,090 | New |
|
31
UBS Group
Zurich,
Switzerland
| $142K | +$134K | +1,266 | New |
|
32
Royal Bank of Canada
Toronto,
Ontario, Canada
| $19K | – | – | – |
|
|
OTC
33
Opera Trading Capital
Paris,
France
| – | -$16.5K | -160,000 | Closed |
|
|
ICM
34
Ionic Capital Management
New York
| – | -$5.48M | -52,780 | Closed |
|
|
35
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$3.6M | -35,000 | Closed |
|
36
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$1.67M | -16,025 | Closed |
|
|
SB
37
Suntrust Banks
Atlanta,
Georgia
| – | -$1.53M | -14,700 | Closed |
|
38
SG Americas Securities
New York
| – | -$614K | -5,900 | Closed |
|
|
WAM
39
Wolverine Asset Management
Chicago,
Illinois
| – | -$157K | -1,519 | Closed |
|
AIZP Hedge Fund Activity: Q2 2018 in Review
30 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value (AIZP) for Q2 2018, worth a combined $218M — down 14% from $254M a quarter earlier.
Fund positioning in AIZP was balanced in Q2 2018: 7 funds opened new positions, 7 closed out, 10 added to existing stakes and 7 trimmed.
The largest buyer was BlackRock, opening a new position worth an estimated $32.4M. The largest seller was Advent Capital Management, cutting an estimated $26.9M.
- 30 institutional investors held Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value (AIZP) as of Q2 2018, down from 31 in Q1 2018.
- Funds reported $218M of Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value stock for Q2 2018, down 14% quarter-over-quarter.
- 7 funds opened new Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value positions in Q2 2018 and 7 closed out, a net change of 0 holders.
- The largest Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value buyer in Q2 2018 was BlackRock, an estimated $32.4M added.
- The largest Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value seller in Q2 2018 was Advent Capital Management, an estimated $26.9M sold.
Based on aggregated 13F filings for Q2 2018.