Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
AIZP was delisted on the 12th of March, 2021.
31 hedge funds and large institutions have $314M invested in Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value in 2019 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 5 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
9% more capital invested
Capital invested by funds: $288M → $314M (+$26M)
6% less funds holding
Funds holding: 33 → 31 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
+$4.89M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$4M |
| 3 |
ACM
Advent Capital Management
New York
|
+$2.6M |
| 4 |
Jane Street
New York
|
+$2.04M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$877K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$3.17M |
| 2 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$1.68M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$898K |
| 4 |
Citigroup
New York
|
-$583K |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$394K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
UBS Group
Zurich,
Switzerland
| $88K | -$16.4K | -154 | -16% |
|
27
Morgan Stanley
New York
| $80K | +$26.9K | +252 | +54% |
|
|
AG
28
Advisor Group
Phoenix,
Arizona
| $56K | – | – | – |
|
|
TFS
29
TrustCore Financial Services
Brentwood,
Tennessee
| $42K | – | – | – |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| $7K | +$6.29K | +59 | New |
|
31
ClearBridge Investments
New York
| $4K | – | – | – |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| – | -$898K | -8,702 | Closed |
|
|
33
Citigroup
New York
| – | -$583K | -5,622 | Closed |
|
34
SEI Investments
Oaks,
Pennsylvania
| – | -$245K | -2,362 | Closed |
|
35
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$21K | -200 | Closed |
|
|
FHB
36
First Hawaiian Bank
Honolulu,
Hawaii
| – | -$7K | -65 | Closed |
|
AIZP Hedge Fund Activity: Q2 2019 in Review
31 of the 4,604 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 2019, worth a combined $314M — up 9% from $288M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of AIZP and 3 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 9 added.
The largest buyer was Allianz Asset Management, adding an estimated $4.89M. The largest seller was BlackRock, cutting an estimated $3.17M.
- 31 institutional investors held Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value (AIZP) as of Q2 2019, down from 33 in Q1 2019.
- Funds reported $314M of Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value stock for Q2 2019, up 9% quarter-over-quarter.
- 3 funds opened new Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value positions in Q2 2019 and 5 closed out, a net change of -2 holders.
- The largest Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value buyer in Q2 2019 was Allianz Asset Management, an estimated $4.89M added.
- The largest Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value seller in Q2 2019 was BlackRock, an estimated $3.17M sold.
Based on aggregated 13F filings for Q2 2019.