Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
AIZP was delisted on the 12th of March, 2021.
28 hedge funds and large institutions have $281M invested in Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value in 2020 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 5 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
2% less capital invested
Capital invested by funds: $288M → $281M (-$6.98M)
7% less funds holding
Funds holding: 30 → 28 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$17.5M |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
+$7.82M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$4.62M |
| 4 |
CAM
Camden Asset Management
Los Angeles,
California
|
+$4.21M |
| 5 |
D.E. Shaw & Co
New York
|
+$4.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$40.9M |
| 2 |
GF
Gabelli Funds
Rye,
New York
|
-$4.16M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.6M |
| 4 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$1.26M |
| 5 |
ES
Equitec Specialists
Chicago,
Illinois
|
-$1.07M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Bank of America
Charlotte,
North Carolina
| $50K | -$2.6M | -24,657 | -98% |
|
|
TFS
27
TrustCore Financial Services
Brentwood,
Tennessee
| $39K | – | – | – |
|
|
GF
28
Gabelli Funds
Rye,
New York
| – | -$4.16M | -39,062 | Closed |
|
|
29
Mirae Asset Global Investments
Seoul,
South Korea
| – | -$1.26M | -11,834 | Closed |
|
|
MA
30
MUFG Americas
New York
| – | -$1.03M | -10,000 | Closed |
|
|
TA
31
Teton Advisors
Rye,
New York
| – | -$270K | -2,538 | Closed |
|
|
GI
32
GAMCO Investors
Greenwich,
Connecticut
| – | -$213K | -2,000 | Closed |
|
33
Nomura Holdings
Tokyo,
Japan
| – | +$1.6M | +15,183 | New |
|
AIZP Hedge Fund Activity: Q2 2020 in Review
28 of the 4,878 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 2020, worth a combined $281M — down 2.4% 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 9 trimmed existing stakes and 12 added.
The largest buyer was Wolverine Asset Management, adding an estimated $17.5M. The largest seller was Allianz Asset Management, cutting an estimated $40.9M.
- 28 institutional investors held Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value (AIZP) as of Q2 2020, down from 30 in Q1 2020.
- Funds reported $281M of Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value stock for Q2 2020, down 2.4% quarter-over-quarter.
- 3 funds opened new Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value positions in Q2 2020 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 2020 was Wolverine Asset Management, an estimated $17.5M added.
- The largest Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value seller in Q2 2020 was Allianz Asset Management, an estimated $40.9M sold.
Based on aggregated 13F filings for Q2 2020.