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 $288M invested in Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value in 2019 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 9 reducing their positions, and 6 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 9
7% more capital invested
Capital invested by funds: $268M → $288M (+$19.3M)
3% less funds holding
Funds holding: 34 → 33 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Calamos Advisors
Naperville,
Illinois
|
+$23.5M |
| 2 |
ACM
Advent Capital Management
New York
|
+$19.6M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$8.93M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$4.55M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$732K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Camden Asset Management
Los Angeles,
California
|
-$28.7M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$6.1M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$5.34M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$4.4M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$2.87M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
T. Rowe Price Associates
Baltimore,
Maryland
| $228K | – | – | – |
|
|
GI
27
GAMCO Investors
Greenwich,
Connecticut
| $207K | +$209K | +2,000 | New |
|
28
Bank of Nova Scotia
Toronto,
Ontario, Canada
| $205K | -$2.09M | -20,000 | Closed |
|
29
UBS Group
Zurich,
Switzerland
| $98K | +$1.05K | +10 | +1% |
|
|
AG
30
Advisor Group
Phoenix,
Arizona
| $53K | +$18.8K | +180 | +55% |
|
31
Morgan Stanley
New York
| $48K | -$1.05M | -10,010 | -96% |
|
|
TFS
32
TrustCore Financial Services
Brentwood,
Tennessee
| $39K | +$39.3K | +375 | New |
|
33
Fifth Third Bancorp
Cincinnati,
Ohio
| $21K | +$20.9K | +200 | New |
|
|
FHB
34
First Hawaiian Bank
Honolulu,
Hawaii
| $7K | – | – | – |
|
|
CAM
35
Camden Asset Management
Los Angeles,
California
| – | -$28.7M | -293,219 | Closed |
|
|
AA
36
AQR Arbitrage
Greenwich,
Connecticut
| – | -$6.1M | -62,125 | Closed |
|
|
MA
37
MUFG Americas
New York
| – | -$128K | -1,298 | Closed |
|
|
WHG
38
Westwood Holdings Group
Dallas,
Texas
| – | -$21K | -217 | Closed |
|
39
JP Morgan Chase
New York
| – | -$20K | -200 | Closed |
|
AIZP Hedge Fund Activity: Q1 2019 in Review
33 of the 4,620 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 Q1 2019, worth a combined $288M — up 7.2% from $268M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of AIZP and 5 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 13 added.
The largest buyer was Calamos Advisors, adding an estimated $23.5M. The largest seller was Camden Asset Management, exiting entirely with an estimated $28.7M sold.
- 33 institutional investors held Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value (AIZP) as of Q1 2019, down from 34 in Q4 2018.
- Funds reported $288M of Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value stock for Q1 2019, up 7.2% quarter-over-quarter.
- 5 funds opened new Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value positions in Q1 2019 and 6 closed out, a net change of -1 holder.
- The largest Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value buyer in Q1 2019 was Calamos Advisors, an estimated $23.5M added.
- The largest Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value seller in Q1 2019 was Camden Asset Management, an estimated $28.7M sold.
Based on aggregated 13F filings for Q1 2019.