Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
AIZP was delisted on the 12th of March, 2021.
33 hedge funds and large institutions have $317M invested in Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 10 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
45% more capital invested
Capital invested by funds: $218M → $317M (+$98.8M)
10% more funds holding
Funds holding: 30 → 33 (+3)
30% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
+$21.6M |
| 2 |
JP Morgan Chase
New York
|
+$3.36M |
| 3 |
BlackRock
New York
|
+$2.98M |
| 4 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$2.42M |
| 5 |
ACM
Advent Capital Management
New York
|
+$827K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MA
MUFG Americas
New York
|
-$8.09M |
| 2 |
Millennium Management
New York
|
-$5.38M |
| 3 |
CAM
Camden Asset Management
Los Angeles,
California
|
-$3.79M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$3.64M |
| 5 |
Morgan Stanley
New York
|
-$3.34M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TA
26
Teton Advisors
Rye,
New York
| $289K | – | – | – |
|
|
LFAS
27
Level Four Advisory Services
Dallas,
Texas
| $238K | – | – | – |
|
28
SEI Investments
Oaks,
Pennsylvania
| $213K | -$54.7K | -482 | -20% |
|
|
WAM
29
Wolverine Asset Management
Chicago,
Illinois
| $175K | +$174K | +1,532 | New |
|
30
UBS Group
Zurich,
Switzerland
| $123K | -$20.6K | -182 | -14% |
|
|
AG
31
Advisor Group
Phoenix,
Arizona
| $28K | +$28.4K | +250 | New |
|
|
FHB
32
First Hawaiian Bank
Honolulu,
Hawaii
| $7K | +$7.38K | +65 | New |
|
|
MA
33
MUFG Americas
New York
| – | -$8.09M | -72,093 | Closed |
|
|
34
Millennium Management
New York
| – | -$5.38M | -47,976 | Closed |
|
|
ES
35
Equitec Specialists
Chicago,
Illinois
| – | -$379K | -3,384 | Closed |
|
36
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | +$113 | +1 | New |
|
AIZP Hedge Fund Activity: Q3 2018 in Review
33 of the 4,374 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 Q3 2018, worth a combined $317M — up 45% from $218M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new AIZP positions and 3 closed out — a net gain of 4 holders — while 7 added to existing stakes and 10 trimmed.
The largest buyer was Allianz Asset Management, adding an estimated $21.6M. The largest seller was MUFG Americas, exiting entirely with an estimated $8.09M sold.
- 33 institutional investors held Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value (AIZP) as of Q3 2018, up from 30 in Q2 2018.
- Funds reported $317M of Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value stock for Q3 2018, up 45% quarter-over-quarter.
- 7 funds opened new Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value positions in Q3 2018 and 3 closed out, a net change of +4 holders.
- The largest Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value buyer in Q3 2018 was Allianz Asset Management, an estimated $21.6M added.
- The largest Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value seller in Q3 2018 was MUFG Americas, an estimated $8.09M sold.
Based on aggregated 13F filings for Q3 2018.