Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
AIZP was delisted on the 12th of March, 2021.
34 hedge funds and large institutions have $348M invested in Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
11% more capital invested
Capital invested by funds: $314M → $348M (+$34.6M)
10% more funds holding
Funds holding: 31 → 34 (+3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Calamos Advisors
Naperville,
Illinois
|
+$25.3M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$13.2M |
| 3 |
TSS
Two Sigma Securities
New York
|
+$10.9M |
| 4 |
ES
Equitec Specialists
Chicago,
Illinois
|
+$2.71M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Advent Capital Management
New York
|
-$33.7M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$12.4M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$10.6M |
| 4 |
BlackRock
New York
|
-$2.47M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.81M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TA
26
Teton Advisors
Rye,
New York
| $317K | – | – | – |
|
27
T. Rowe Price Associates
Baltimore,
Maryland
| $276K | – | – | – |
|
|
CL
28
CSS LLC
Chicago,
Illinois
| $264K | +$254K | +2,110 | New |
|
29
Bank of Nova Scotia
Toronto,
Ontario, Canada
| $250K | – | – | – |
|
|
GI
30
GAMCO Investors
Greenwich,
Connecticut
| $250K | – | – | – |
|
31
UBS Group
Zurich,
Switzerland
| $229K | +$125K | +1,040 | +132% |
|
32
Morgan Stanley
New York
| $135K | +$44.3K | +368 | +51% |
|
|
AG
33
Advisor Group
Phoenix,
Arizona
| $63K | – | – | – |
|
|
TFS
34
TrustCore Financial Services
Brentwood,
Tennessee
| $47K | – | – | – |
|
35
Royal Bank of Canada
Toronto,
Ontario, Canada
| $14K | – | – | – |
|
|
36
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$10.6M | -94,400 | Closed |
|
|
TRCT
37
Tower Research Capital (TRC)
New York
| – | -$7K | -59 | Closed |
|
AIZP Hedge Fund Activity: Q3 2019 in Review
34 of the 4,561 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 2019, worth a combined $348M — up 11% from $314M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new AIZP positions and 2 closed out — a net gain of 3 holders — while 8 added to existing stakes and 7 trimmed.
The largest buyer was Calamos Advisors, adding an estimated $25.3M. The largest seller was Advent Capital Management, cutting an estimated $33.7M.
- 34 institutional investors held Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value (AIZP) as of Q3 2019, up from 31 in Q2 2019.
- Funds reported $348M of Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value stock for Q3 2019, up 11% quarter-over-quarter.
- 5 funds opened new Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value positions in Q3 2019 and 2 closed out, a net change of +3 holders.
- The largest Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value buyer in Q3 2019 was Calamos Advisors, an estimated $25.3M added.
- The largest Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value seller in Q3 2019 was Advent Capital Management, an estimated $33.7M sold.
Based on aggregated 13F filings for Q3 2019.