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 $288M invested in Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value in 2020 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 5 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
12% less funds holding
Funds holding: 34 → 30 (-4)
19% less capital invested
Capital invested by funds: $356M → $288M (-$68.4M)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$11.6M |
| 2 |
CAM
Camden Asset Management
Los Angeles,
California
|
+$4.25M |
| 3 |
TSS
Two Sigma Securities
New York
|
+$3.27M |
| 4 |
ACM
Advent Capital Management
New York
|
+$2.09M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$999K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Calamos Advisors
Naperville,
Illinois
|
-$10.3M |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
-$9.21M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$3.18M |
| 4 |
MA
MUFG Americas
New York
|
-$2.74M |
| 5 |
Jane Street
New York
|
-$1.63M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GI
26
GAMCO Investors
Greenwich,
Connecticut
| $213K | – | – | – |
|
27
UBS Group
Zurich,
Switzerland
| $213K | +$17.5K | +144 | +8% |
|
28
Morgan Stanley
New York
| $94K | +$17.7K | +146 | +20% |
|
29
Osaic Holdings
Scottsdale,
Arizona
| $69K | +$78K | +643 | New |
|
|
TFS
30
TrustCore Financial Services
Brentwood,
Tennessee
| $40K | – | – | – |
|
|
CL
31
CSS LLC
Chicago,
Illinois
| – | -$9.21M | -71,637 | Closed |
|
|
32
Jane Street
New York
| – | -$1.63M | -12,666 | Closed |
|
33
Bank of Nova Scotia
Toronto,
Ontario, Canada
| – | -$257K | -2,000 | Closed |
|
34
T. Rowe Price Associates
Baltimore,
Maryland
| – | -$257K | -2,000 | Closed |
|
35
Citigroup
New York
| – | -$13K | -100 | Closed |
|
AIZP Hedge Fund Activity: Q1 2020 in Review
30 of the 4,539 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 2020, worth a combined $288M — down 19% from $356M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of AIZP and 2 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 11 added.
The largest buyer was Wolverine Asset Management, adding an estimated $11.6M. The largest seller was Calamos Advisors, cutting an estimated $10.3M.
- 30 institutional investors held Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value (AIZP) as of Q1 2020, down from 34 in Q4 2019.
- Funds reported $288M of Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value stock for Q1 2020, down 19% quarter-over-quarter.
- 2 funds opened new Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value positions in Q1 2020 and 5 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 Q1 2020 was Wolverine Asset Management, an estimated $11.6M added.
- The largest Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value seller in Q1 2020 was Calamos Advisors, an estimated $10.3M sold.
Based on aggregated 13F filings for Q1 2020.